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R03 Course: Personal Taxation

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.

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%.

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

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