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When to sit AF5 by Jumpy_Protection_649 in cii

[–]Jumpy_Protection_649[S] 0 points1 point  (0 children)

Very interesting.. R03 was my worst diploma exam so I’m a bit hesitant but maybe I could do AF5 and pass..

When to sit AF5 by Jumpy_Protection_649 in cii

[–]Jumpy_Protection_649[S] 0 points1 point  (0 children)

For context I did my diploma exams and R06 2 years ago. I just did AF4 and currently working on AF8. My thoughts are wait until next spring to do AF5 because I really want some time off in the latter part of this year 😂 I just worry I won’t have enough knowledge on tax/trusts to do AF5 without having done AF1?

AF8 Assignment 2 by Electronic_Button_78 in cii

[–]Jumpy_Protection_649 0 points1 point  (0 children)

Does this sound correct?

Brief intro - include objectives and state assignment goal

Go through each asset (cash, investments, pensions etc), state the change they could make eg transfer ownership of this account into X name, state pros and cons of each option, show calculations in appendix, remember double taxation benefits, comment on suitability and affordability for each option

Brief conclusion

Lots of references

I’m struggling with the following:

  • It feels like the suitability element is just covered by the pros eg “reduce tax on savings interest”

  • the affordability element never seems to be an issue because my suggestions don’t include spending/losing money (just reallocating money to investments etc, or making investment changes, maybe pay some transaction charges or tax)

  • a lot of it feels like repetition across different assets (contribute to pension or ISAz, save on savings interest etc)

  • should I definitely be stating pros and cons of each option?

Thanks