Basics of life chargeable events

Investment Education Plc

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Description

  • Type

    Course

  • Start date

    Different dates available

Background

This course is designed as a basic grounding in Life Chargeable Events and is illustrated with numerous examples. It covers the fundamentals of the taxation of qualifying and non-qualifying products, Tax Exempt products and will be of interest to Life Companies, Friendly Societies, IFAs etc.
It does not cover OLAB, Fiscal Representation and new non-resident policies in depth.
Complex taxation issues are covered on the Life Products Taxation Course - details on this on request.

Delegates
Junior tax assistants
Life Marketing staff
Junior Actuarial and underwriting staff
Sales representatives and brokers
Client Service Representatives in Life Assurance
Life Assurance Call Centre Advisers

Facilities

Location

Start date

Start date

Different dates availableEnrolment now open

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Subjects

  • Taxation
  • Call Centre
  • Staff
  • Marketing
  • Sales
  • Joint
  • Tax System
  • Sales Representatives
  • Sales Training
  • Tax

Course programme

Content
-Basic Outline of Tax system, Capital VS. Income, IHT.

-The Policy Process and Underwriting Contract of Life Policies and Taxation.

-Qualifying and Non-Qualifying Products.

-The Enduring Effects of LAPR.

-Calculation of a Basic Chargeable Event.

-Qualifying Products becoming Non-Qualifying.

-Regular Premium Policies Calculation of Events.

-Substitutions including examples.

-Variations inclulding examples.

-Enhancements and the Qualifying Rules.

-Friendly Society Policy Enhancements (increase of the limit).

-Part-Withdrawals.

-Cancellations, Paid-Up Policies and Early Surrenders.

-Assignments and Joint Policies.

-Tax Effects of putting a Life Policy into Trust for IHT Planning
This course is ideally suited for adaptation for in-house training and use by offshore companies and friendly societies.



Todays Date: 8 September 2017
Duration 1 day

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Basics of life chargeable events

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