Lowes Financial Academy: Your Path to a Career in Financial Services

R03: Learning Outcomes

R03 Course: Personal Taxation

The objective of this unit is to develop knowledge and understanding of the UK taxation system, and the ability to analyse the taxation treatment of individuals and trusts during the investment advice process. It does this by splitting the learning over 4 learning outcomes:

E x p e c t e d N u m b e r o f Q u e s t i o n s i n E x a m

L e a r n i n g O u t c o m e s

U n d e r s t a n d t h e U K t a x s y s t e m a s r e l e v a n t t o t h e n e e d s a n d c i r c u m - s t a n c e s o f i n d i v i d u a l s a n d t r u s t s

1 5 s t a n d a r d

A n a l y s e t h e t a x a t i o n o f i n v e s t m e n t s a s r e l e v a n t t o t h e n e e d s a n d c i r c u m - s t a n c e s o f i n d i v i d u a l s a n d t r u s t s

8 s t a n d a r d / 7 m u l t i p l e r e s p o n s e

A n a l y s e t h e r o l e a n d r e l e v a n c e o f t a x i n t h e f i n a n c i a l a f f a i r s o f i n d i v i d u a l s a n d t r u s t s A p p l y t h e k n o w l e d g e o f p e r s o n a l t a x a t i o n t o t h e p r o v i s i o n o f i n v e s t m e n t a d v i c e

6 s t a n d a r d / 4 m u l t i p l e r e s p o n s e

1 0 s t a n d a r d

R03: ‘Personal Taxation’ (10 Credits) The CII’s R03 exam, ‘ Personal Taxation ’ forms part of the Diploma in Regulated Financial Planning and upon successful completion will give you 10 credits at diploma level. As noted on the facing page, there are 4 learning outcomes for the R03 exam, with different weight and emphasis applied to each. However, since the learning outcomes are extremely broad- it is difficult to identify the what will be included in the content of the exam. The R03 course is suitable for anyone wanting to gain the full CII Level 4 Diploma in Regulated Financial Planning, but would be particularly beneficial for also Paraplanners, Technical Consultants, and those working in financial planning support roles.

As mentioned, this is one of the more difficult subjects to ‘question spot’ for- since there are only four syllabus areas and they are so broad. For example, it is not possible to tell how many questions there will be on Capital Gains Tax versus Inheritance Tax so a good level of understanding of all the major taxes will be required.

R03: The Exam

Don’t let the fact that this is only a 1 hour exam worth 10 credits fool you into thinking it will be easy! There are many complex elements to the UK tax system and this is an exam that even the most confident individuals can struggle with. The exam is a 1 hour exam, made up of 50 questions; 39 questions are single response questions and 11 are multiple response questions, which require you to select more than one answer. The question will not specify how many answers you need to select, making these quite tricky! The R03 exam has a current pass mark of 65%.

To book your place on our R03 Course, please click here

To find out more about the CII’s R03 Course, including the latest course availablity, curent tuition pricing or to register your interest, please click here . Alternatively contact Lowes Financial Academy on 0191 287 8717 or email at Academy@Lowes.co.uk .

“Figures show that R03 has a pass rate of just 56%. This is where Lowes Financial Academy can help.”

12 | www.LowesAcademy.co.uk

www.LowesAcademy.co.uk | 13