The AF1 subject forms part of the advanced financial planning diploma, marketed by the Chartered Insurance Institute. The paper is a three hour, written case study examination and covers the following areas:
- Structure of the tax system and self-assessment;
- Main taxes on income and capital that may be charged during life and on death, the self-assessment system and how tax liabilities are calculated and applied;
- The taxation treatment of investments
- How residence and domicile affects an individual’s liability to UK tax;
- Legal principles associated with the creation and management of a trust;
- Main types and uses of trusts and the duties, powers and responsibilities of all parties to a trust;
- Powers of Attorney, Intestacy, Wills and Estate creation
- Rules of bankruptcy and the role of the trustee in bankruptcy;
- Taxation of trusts
Here at New Dawn, we have a range of learning material to help you on your way. We give access to a multi choice question bank to allow you to refresh your knowledge as well as case study questions which have been written in a similar vein to the examination questions themselves.
Our fees for this subject is £125 plus VAT at 20% and includes the resources stated above plus e mail support throughout your study.
