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AF1 Personal Tax & Trust Planning

The AF1 exam (Personal Tax and Trust planning) forms part of the Advanced Diploma in Financial Planning and upon successful completion will give you 30 credits at advanced level and take you a step closer to Chartered Financial Planner. The exam is based on 7 study modules  (plus 2 optional modules) with varying emphasis given to each section.

Course Overview

Forms part of
The Advanced Diploma in Regulated Financial Planning
Credit awarded
30
Exam Length
3 hours
Exam Type
Written
Exam Content
Case study based exam. 160 marks spread over 3 compulsory questions.
Pass Mark
In the region of 55%

Please note that whilst we recommend you study each module week to week, the full learning programme is released to you upon purchase. This allows you to learn at your own pace. 

Click on the tab below to reveal the full course content and topics we cover

Week & Topic
Week / Module 1
R03 part 1 review 
  • AF1 intro document
  • Our guide to effective study
  • Full access to R03 study materials from weeks 1 & 2 of the programme
  • Exercises and supporting materials
  • Multi-choice QBs to assess understanding
Week / Module 2
R03 part 2 review
  • Intro to week 2
  • Full access to R03 study materials from weeks 3 & 4 of the programme
  • Exercises and supporting materials
  • Multi-choice QBs to assess understanding
Week / Module 3
Income Taxation  & National Insurance
  • Intro to week 3
  • Income taxation walkthroughs including relevant feedback
  • Income taxation exam standard questions
  • Completed versions of the above for debrief
  • Three new NICs exam standard questions
  • Completed versions of the above for debrief
Week / Module 4
Capital Gains Tax & Residence/Domicile 
  • Intro to week 4
  • CGT walkthroughs including relevant feedback
  • CGT exam standard questions
  • Completed versions of the above for debrief
  • Residence & domicile critical information handout – framed for AF1 questioning
  • Residence & domicile scenario
  • Completed version of the above exercise
Week / Module 5
Inheritance Tax
  • Intro to week 5
  • IHT walkthroughs including relevant feedback
  • IHT exam standard questions
  • Completed versions of the above for debrief
  • In depth walkthrough of cumulation with examples
  • POAT & GWR handout – framed for AF1 questioning
Week / Module 6
Wills, intestacy, powers of attorney and the taxation of Collective Investment Schemes
 
  • Intro to week 6
  • POAs & wills exercise
  • Completed version of the above for delegate notes
  • EIS/SEIS/VCT exercise
  • Completed version of the above for delegate notes
  • Investment bond calculation walkthrough
  • Taxation of collective investment schemes summary– including property
  • Investment taxation scenario
  • Completed version of the above exercise
Week / Module 7
Trusts & Bankruptcy
 
  • Intro to week 7
  • Trusts overview – the basics (key J02 summary)
  • Trustees powers and responsibilities (key J02 summary)
  • Trusts in the context of financial planning (including taxation) exercise
  • Completed version of the above for delegate notes
  • Bankruptcy & alternatives summary
  • Using trusts scenario
  • Completed version of the above exercise
Week  8 – Recommended study
CII Mock examination 1 & Self-directed revision
  • Intro to week 8
  • Optional CII mock 1 (recommended)
Week  9 – Recommended study
CII Mock examination 2 & Self-directed revision
  • Intro to week 9
  • Optional CII mock 2 (recommended)

 

AF1 Personal Tax and Trust Planning Course

Course Price: £299.00 + VAT

Access Duration: 6 months

How to Purchase

Order online via our secure platform. Pay via Credit/Debit card and receive instant access to your course! We accept the following cards:

Programme Details

Exam guidance

Structured, weekly learning

Mock exam with instant feedback

Downloadable workbooks

6 months access

Revisit content at any time

Re-sit exam multiple times

‘Ask the instructor’ messaging system

Tracks learning progress throughout

24-hour access to our learning platform

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I want to give a special thanks to Jon Dodson at Redmill Advance for all your support. Without our 1-to-1’s I think R04 would have been the end of the road, but thanks to Jon’s persistence and profound knowledge of the material, I was able to walk in and out of the examination centre confidently and with my head held high. Thanks again for your hard work. I couldn’t have done it without you.

Davio D’Ercole - Associate Partner Practice of St James Place Wealth Management

I passed the R04 exam! Thank you for all your help, not just with the content and questions but you gave me confidence that I could pass it which meant a lot.

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