AF1 (Personal Tax & Trust Planning) Pre Exam Training, Day 2, Thursday 25th June - online distance learning event

Thursday, 25 June 2020
9:30 am – 5:00 pm

AF1 (Personal Tax & Trust Planning) Pre Exam Training, Day 2, Thursday 25th June

The Personal Finance Society Hants and Dorset Regional Committee in association with the Insurance Institutes of Bournemouth and Southampton have organised a ‘distance learning’ training day via an online and interactive conference video facility for those members who are studying for and taking the AF1 examination in July 2020.

The cost of the day’s training will be £82 for PFS members and £92 for non-PFS members. 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.

The day will commence at 0930 sharp and finish by 1700, with breaks timetabled for lunch etc throughout the day.

Due to the COVID-19 pandemic, all face to face training organised by committee has been suspended until further notice by HM Government and the PFS and CII centrally.

NB Online Exams – booking for all MCQ’s (multiple choice questions) examinations can be made from the 1st June – June and July’s capacities are open now – August will follow very shortly. All centres will be requested to have a 2 metre gap between desk / computer pods.

Further details available at:!#online-mcq-exams-coronavirus-update

The AF1 preparation day aims to increase your chances of passing the exam.

AF1 is a challenging exam and candidates need to be well prepared if they are to have a reasonable chance of passing.

This will be very much a revision day so it’s important that you come with a reasonable knowledge of the main subjects of the syllabus.

Day 1 Taxation

By the end of the event delegates will able to:

  • Calculate accurately a liability to income, capital gains, inheritance tax and National Insurance for individuals whose situation is typical of those tested in previous AF1 papers.

  • Understand the main pension input and benefit rules as applied to typical AF1 questions

  • Explain accurately the tax treatment of the main pooled investments, both on and off-shore and apply these rules to practical situations faced by the average investor

Day 2 Trusts

By the end of the event delegates will be able to:Understand how an individual’s status for Residency and Domicile is established and how this affects their liability to UK tax.

  • Explain how trusts can be set up together with the roles and responsibilities of trustees.

  • Explain the main characteristics of Absolute, Interest in Possession and Discretionary trusts and how income and capital gains is calculated for each

  • Identify what is a Relevant Property Trust and a Non-Relevant Property Trust and explain how this status affects liability to IHT

  • Explain the requirements for a will to be valid and the process to be followed by the executors in distributing the estate

  • Explain the rules of intestacy and Deeds of Variation

  • Explain how a Lasting Power of Attorney can be set up and administered

  • Explain the procedures and implications of being made bankrupt.

The course trainer is John Trayner FCII FPFS, a CII approved trainer, who has supported the Personal Finance Society Hants and Dorset Region’s exam revision programme since 2018.

Any questions please email the Hants and Dorset PFS Regional Committee on