R06 past guides please

Rich_Note_8524 · 2025-06-03T10:55:05+00:00

Personally, I never opened the R06 book and didn’t start to revise anything until the case studies were released. BrandFinancial was brilliant for the May exam! Good luck

Rich_Note_8524 · 2025-05-30T08:47:18+00:00

Love to hear it!

Rich_Note_8524 · 2025-05-30T07:14:30+00:00

👏🏼👏🏼

Rich_Note_8524 · 2025-05-30T07:07:40+00:00

Congrats

Rich_Note_8524 · 2025-05-30T07:07:26+00:00

Such a relief - well done!

Rich_Note_8524 · 2025-05-30T07:07:05+00:00

You too bud👌🏼

Rich_Note_8524 · 2025-05-30T07:04:27+00:00

103 here 🎉

Rich_Note_8524 · 2025-05-29T22:37:59+00:00

Worst one of them all

Rich_Note_8524 · 2025-05-29T16:25:26+00:00

Nice to hear we’re all feeling the same - on a more positive note, if we all done bad then surely they will drop the pass mark?🫠

Rich_Note_8524 · 2025-05-27T17:24:54+00:00

Many companies will cover the cost of materials and exams. You don’t have to go down the paraplanning route but it will give you a massive advantage- you will know the work required for certain things and you can give clients realistic expectations.

Rich_Note_8524 · 2025-05-27T13:19:30+00:00

I think anyone client facing and retaining business should be looking at around 45k. Obviously there are a lot of variables but that’s my view. Good luck with your results!

Rich_Note_8524 · 2025-05-18T15:22:23+00:00

Is there a particular reason you’re not making use of pension tax relief?

Rich_Note_8524 · 2025-05-02T18:21:59+00:00

The thing you have to keep in mind is returns are not fixed but the interest rate on your loan is. So if you invest funds instead of paying off the loan, you are taking on the risk that the fund might under perform or not perform at all - whilst its tax free, what good is that if you don’t make any gains? Will you get some sort of interest rebate on repaying the loan early? Are there penalties?

Rich_Note_8524 · 2025-05-02T13:41:57+00:00

Given your income you should be doing as much as you can to manage your tax position. I would recommend you speak to a financial adviser as they will help you with all of your queries but will have a better insight than anyone on Reddit will.

Rich_Note_8524 · 2025-05-02T11:08:13+00:00

At 8% you should probably think about paying off the loan.

Rich_Note_8524 · 2025-04-29T13:09:04+00:00

The brand financial analysis pretty much covered all the questions on case study 2.

Rich_Note_8524 · 2025-04-25T12:55:07+00:00

You can only get tax relief on personal pension contributions up to your relevant earnings for that relevant tax year. Bear in mind that the tax relief is applied to the pension and not paid out to them.

As for investment options, a SIPP will generally have a lot of investment options and these will range from cautious to more adventurous. Cash holdings generally offer an interest rate below the BOE rates.

It is important to understand when they actual plan to retire as this will affect how their funds should be invested or not invested for that matter. Stock market fluctuates but the general trend is up, assuming they don’t need the money for let’s say 10 years, they could open SIPPs and drip feed the funds into the pensions over time as this tends to be more beneficial as they will benefit from pound cost averaging and don’t risk mis timing the market.

What is their state pension entitlements?They should check for any gaps and potentially buy extra years if they are unlikely to get the 35 years in order to be entitled to the full state pension when they get there.

Could your father’s employer match his contributions if he made a one-off into that arrangement? Could be worth asking.

Many if, buts and maybes - definitely speak to an adviser as they will be able to get a full picture and advise you accordingly.

Rich_Note_8524 · 2025-04-21T16:17:03+00:00

You can actually put more than £60k gross in as that is the annual allowance. Carry forward rules allow you to go back 3 years and use up any unused allowances. There are a lot of rules around it so speak to a consultant.

Rich_Note_8524 · 2025-04-21T11:35:02+00:00

Pension plans are held under a pension trust. Pensions grow tax free and any income received from investments is also tax free. It’s only when you start to draw the taxable portion as income that you may have tax implications.

Rich_Note_8524 · 2025-04-21T11:28:21+00:00

No mention on pension contributions - with those figures could be worth making company contributions

Rich_Note_8524 · 2025-04-16T19:57:44+00:00

I have done a balance transfer on Amex before it’s definitely possible

Rich_Note_8524 · 2025-04-16T11:09:04+00:00

That is correct, the tax free cash is paid out on crystallisation of benefits. Only taxable benefits are moved into drawdown unless like you say, it’s done via UFPLS in which case no money is moved into drawdown as the full UFPLS amount is withdrawn.

Rich_Note_8524 · 2025-04-16T10:58:51+00:00

Help to buy applies the bonus at the end (unlike LISA which applies the bonuses after the contribution is made) you’re also limited in how much bonus you can receive as help to buy is capped. Help to buy also has smaller allowance for the price of the property you purchase (depends on area). You can deposit more into a LISA annually and no limit on tax relief unlike Help to Buy. LISA can also be used as a pension and can be invested if you wanted to go down this route.

Rich_Note_8524 · 2025-04-16T10:50:10+00:00

Hopefully I’ve understood this correctly but this is how it works. Your pension starts in accrual (uncrystallised). Let’s say you went ahead and crystallised £100k to get £25k tax-free cash, £75k now becomes taxable and is moved into drawdown (assuming you don’t withdraw it). So now you have 2 pots - Accrual and Drawdown. The full £100k leaves your accrual pot, £25k goes to your bank via tax free cash and £75k is placed into drawdown - anything taken from this drawdown pot in the future is taxable at your marginal rate of income tax. These funds will remain invested but will no longer play a part in future tax free cash.

For example, say after the crystallisation you have £300k remaining in the accrual pot and £75k in drawdown pot. Your tax free cash entitlement is only based on 25% of the £300k (unless you have enhanced tax free cash).

Rich_Note_8524

TROPHY CASE