PLEASE NOTE THAT THIS VERSION USES RATES AND ALLOWANCES FOR THE TAX YEAR 2015/16. HENCE THE DISCOUNTED PRICE.
The majority of lump sum investments are still made using single premium life assurance bonds.
Bonds can both defer and mitigate personal tax liabilities.
How confident are you if you had to explain the personal taxation implications of chargeable events? Would your client be better with the partial surrender option even though it may be in excess of their 5% allowance or would the better option be to encash some segments or policies? Will the chargeable event be assessed in this current tax year or in the next tax year Ð this could be critical depending on the level of the clientÕs taxable income?
This guide is designed to improve the level of your knowledge in this important area so that you can genuinely add value through your advice.It is also invaluable if you are studying for CII R02 or AF4 exams or the IFP Certified Financial Planner exam.