Do tax wrappers go to heaven? CPD
1. Neena died age 50 leaving her husband Suraj and two children, Anu (age 17) and Rakesh (age 24). She did not make a nomination in respect of her money purchase pension scheme. However, as the scheme has full discretion on paying death benefits, income and lump sum death benefits are available for all three beneficiaries.
True or False
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True
False
2. John’s Will, last updated in 2014, states his ISA investments are to be split equally between his two children. If he dies before his wife can she make use of the ISA Additional Permitted Subscription?
Yes or No
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Yes
No
3. Ella and Jamal are joint owners and lives assured on a UK investment bond. Following Ella’s death the bond is surrendered. Who’s assessed for the chargeable event gain on the bond?
Please select one of the following
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Ella only
Jamal only
50% Ella & 50% Jamal
50% at personal representative rate & 50% assessed on Jamal
CPD certificate details
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Last Name
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Firm name
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