Fundamentals of life funds chargeable events
Course
In
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Institute of Broking
Training London / Classroom-based£ 99 -
Knightsbridge College of Management and Technology
NVQ London / Classroom-basedPrice on request -
Oxford College of London
Bachelor's degree London / Classroom-basedPrice on request -
Holborn College
Bachelor's degree London / Classroom-basedPrice on request -
The London Academy for Higher Education
Postgraduate London / Classroom-basedPrice on request -
City and Islington College
Course London / Classroom-basedPrice on request -
City of Westminster College
NVQ London / Classroom-basedPrice on request
Description
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Type
Course
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Start date
Different dates available
Background
The course is intended as a basic grounding in life chargeable events and is based primarily upon examples. It covers the fundamentals of the taxation of qualifying and non-qualifying products, complex taxation issues are covered on the Life Products Taxation Course. It does not cover in depth OLAB, Fiscal Representation and new non-resident policies. These are covered in our more advanced course Life Products Taxation.
Facilities
Location
Start date
Start date
Reviews
Subjects
- Taxation
- Planning
- Joint
- Tax System
- Tax
- Policies and taxation
- Qualifying and non-qualifying products
- Calculation of a basic chargeable event
- Qualifying products becoming non-qualifying
- Enhancements and the qualifying rules
Course programme
- Basic outline of tax system, capital v income, IHT
- The policy process and underwriting contact 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 including 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. Details on request.
Todays Date: 8 September 2017
Duration 1 day
Fundamentals of life funds chargeable events
-
Institute of Broking
Training London / Classroom-based£ 99 -
Knightsbridge College of Management and Technology
NVQ London / Classroom-basedPrice on request -
Oxford College of London
Bachelor's degree London / Classroom-basedPrice on request -
Holborn College
Bachelor's degree London / Classroom-basedPrice on request -
The London Academy for Higher Education
Postgraduate London / Classroom-basedPrice on request -
City and Islington College
Course London / Classroom-basedPrice on request -
City of Westminster College
NVQ London / Classroom-basedPrice on request