This examination assesses the candidate to develop in depth financial planning skills related to personal and corporate pensions.
At the end of this unit, candidates should be able to demonstrate an understanding of the: process of decumulating pension funds and the main issues for clients and advisers; main choices facing members of pensions schemes during decumulation; features, risks and tax treatment of the secured pension option; features, risks and tax treatment of the unsecured pension option; features, risks and tax treatment of phased retirement; features, risks and tax treatment of the alternatively secured pension option.
At the end of this unit, candidates should be able to demonstrate an understanding of the: main tax and legal frameworks that govern the accumulation phase of building up retirement benefits under registered pension schemes; features of defined contribution and defined benefit pensions; choices faced by early leavers and use of transfer value analysis; State retirement benefits available, including the risks and suitability of contracting out of the State Second Pension.
At the end of this unit, candidates should be able to demonstrate an understanding of: the basic structure of the tax system and self-assessment; the main taxes on income and capital that may be charged on individuals, the self-assessment system and how tax liabilities are computed; impact of residence and domicile on an individuals liability to UK tax.
At the end of this unit, candidates should be able to demonstrate an understanding of the: legal principles associated with the creation and management of a trust; main types of trusts that are common in the UK; taxation considerations relevant to trusts.
This qualification enables professional advisers to develop specialist planning capabilities, covers topics like: personal tax and trust, business financial, pension and investment planning.
Wouldn't it be easier if you had a financial adviser who could not only give you the best advice, but could do it from a position of greater understanding?
That's why we started CL4Women. I believe it's an essential service for women today. And I want you to know that, whatever your circumstances, you can always turn to us for tailor-made financial support and understanding. CL4Women is effectively the sister company of Cockburn Lucas. That means we share a lot of the same values. Like them, we're dedicated to giving you absolutely impartial and trustworthy financial advice. Like them, we're driven by the same drive to operate responsibly and ethically.
Together, we will create a financial plan that fits the way you live your life.
We have a comprehensive understanding of the subtle differences required when developing a financial plan for women. We have expertise in pension planning and transfers as well as holistic financial planning following divorce and bereavement.
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