AF1 Personal Tax and Trust Planning Remote Course Study Q2 2023

This event will be held via video webinar.

If you have any questions please contact Susan Stamp at secretary@sussexcii.org.uk or on 07933 998426.

Module 1

Part 1 - Wednesday 21 June 2023 9.30 am - 1.00 pm

Part 2 - Thursday 22 June 2023 9.30 am - 1.00 pm

Module 2

Part 1 - Tuesday 11 July 2023 9.30 am - 1.00 pm

Part 2 - Wednesday 12 July 2023 9.30 am - 1.00 pm

Module 3

Tuesday 5 September 2023 9.00 am - 5.00 pm

This three - module course aims to significantly improve delegates' chances of passing their AF1 exam by developing an understanding of the key technical points that are likely to be tested.

The programme will consist of three separate modules to give delegates more time to build up their knowledge and understanding.

Led by John Trayner, a CII Approved Trainer, each of the three modules will provide a full 6 hours’ CPD. The cost of this course is £195 for CII/PFS members (£255 for non-members). If you would like to join us for this course, please click on the Book Now button below. (Please note, to benefit from the discounted rate, you will be required to provide your membership number at the time of booking.)

Payment can be made by credit/debit card or you can request an invoice to pay offline by cheque or BACS transfer. Credit/debit card payments can only be accepted online at the time of booking and not afterwards.

Course Dates and Objectives
The dates of this course are set out below. By the end of each module, delegates will be able to:

Module 1 - Wednesday 21 June 2023 and Thursday 22 June 2023 - Taxation

• calculate accurately a liability to income, capital gains and inheritance tax for individuals whose situation is typical of those tested in previous AF1 papers
• understand in broad terms the main methods individuals can use to mitigate their various tax liabilities
• explain accurately the tax treatment of the main pooled investments, both on and off- shore and apply these rules to practical situations faced by the average investor

Module 2 -Tuesday 11 July 2023 and Wednesday 12 July 2023 - Trusts

• understand the scope of National Insurance and how to calculate an individual’s liability
• understand how an individual’s status for Residency and Domicile is established and how this affects their liability to UK tax
• understand the main pension input and benefit rules as applied to typical AF1/J02 questions
• explain how trusts can be set up together with the roles and responsibilities of trustees
• explain the main characteristics of Absolute, Interest in Possession and Discretionary trusts and how income and capital gains is calculated for each
• identify what is a Relevant Property Trust and a Non-Relevant Property Trust and explain how this status affects liability to IHT
• explain the requirements for a will to be valid and the process to be followed by the executors in distributing the estate
• explain the rules of intestacy and Deeds of Variation
• explain how a Lasting Power of Attorney can be set up and administered
• explain the procedures and implications of being made bankrupt

NB This event will be suitable for anyone taking J02 (Trusts) as a stand-alone event. If you wish to book solely for the Trusts module as a stand-alone event, please click here or see our separate J02 web page.

Module 3 - Tuesday 5 September 2023 - Consolidation and Revision

• understand any remaining elements of the syllabus that were not covered in the previous two sessions
• have identified any areas of potential weakness in their knowledge and had the opportunity to revise these
• understand what examiners will be looking for to award high marks in candidates’ answers

Other information

Please note that these webinars will be run using Zoom technology and you may need to install relevant software onto your computer, tablet, etc in order to follow the webinars.

Full joining instructions will be sent to delegates ahead of the first session.

About our speaker
John has over 40 years’ experience in insurance and financial services. Not surprisingly most of his former employers no longer exist because of mergers and takeovers. For example he joined Leeds Permanent Building Society in 1986 and at retirement was working for Lloyds Banking Group even though he’d never changed employers! The last 15 years were spent in the training department specialising in professional exams.

Please note: This event is a regional collaboration between the local institutes in the area. Your booking details will be shared with the Insurance Institute of Sussex, which is acting as the host institute for this event.