RO3 (Personal Taxation) Pre Exam Training - online distance learning event

Wednesday, 03 March 2021
9:30 am – 4:30 pm
    • Giles Hewitt FPFS

>> Event Overview

The Personal Finance Society Hants & Dorset and Surrey Regional Committees in association with the Insurance Institutes of Bournemouth, Guildford, Reading and Southampton have organised training for those members who are studying for and taking the R03 examination.

Due to the COVID-19 Pandemic the Regional Committees have suspended all Face to Face events for 2021 and this event will be run as an Online Distance Learning event.

By the end of the event, delegates will have covered the key elements of the RO3 syllabus with the emphasis on the CII Learning Outcomes.

>> Learning Objectives

By attending the event, delegates will have covered the key elements of the R03 syllabus including:

Income Tax

  • The four types of income and the order of taxation

  • Non savings income including trading exemption

  • Savings income. Personal Savings Allowance and 0% starting rate.

  • Dividend income and Dividend Allowance

  • Tax benefits of pension contributions and gift aid

  • Adjusted Net Income and its impact on Personal Allowance and Child Benefit

  • Marriage Allowance and children’s income

  • PAYE and Self-Assessment

National Insurance

  • The four classes of NI

  • How to calculate NIC for an employed and a self-employed person

Capital gains tax

  • What assets are taxed and which are exempt

  • Exempt disposals

  • The basic calculation

  • The treatment of losses

  • Inter spousal transfers

  • CGT and chattels

  • Principle Private Residence Relief

  • Entrepreneur Relief

  • Basic CGT planning

Residence and domicile

How residence and domicile are established

The impact of residence and domicile on Income tax and CGT


  • What IHT seeks to task

  • The three types of lifetime gifts

  • The basic IHT death calculation

  • How to calculate transferable Nil Rate Band

  • How to deal with outstanding PET and CLT

  • Charitable donations and the 36% rate

  • Business Relief

  • Basic IHT planning and mitigation

Miscellaneous taxes

An outline of VAT. Stamp duty land tax, stamp duty reserve tax and Corporation Tax

Taxation of investments

  • Unit trust/OEIC taxation

  • ISA including Lifetime ISA

  • Investment Bond taxation (on and offshore)

  • Property exemption, Rent a Room Relief & Real Estate Investment Trusts



  • Outline the three types of Trust, Absolute, Interest in Possession and Discretionary

  • Taxation of Income and gains

  • IHT and trusts, difference between Relevant and Non-Relevant trusts

Cost: The cost of the days training will be £49 for PFS members and £59 for non-PFS members.

>> More about our speaker

Giles Hewitt FPFS, is a CII approved trainer, based in Cornwall who runs his own training consultancy, Hewitt Financial Training Ltd.

>> To book your place / for more info

Your attendance will be confirmed once you have booked online. There is a maximum of 12 attendees. If we are oversubscribed, you will be placed on a waiting list.

To attend, please book online via the following link:

R03 - 3rd March

Any questions please email the Personal Finance Society Hants and Dorset Regional Committee on

  • Webinar

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

6 hours' CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at