Fundamentals of Life Funds Chargeable Events Course

 Location: Available Globally

Delegates

·         Client Service Representatives
·         Call Centre Advisers
·         Junior Tax Assistants
·         Life Marketing Staff
·         Junior Actuarial and Underwriting Staff
·         Sales Representatives and Brokers

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.

Course categories:Tax Inhouse

COVERED TOPICS

·         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.

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Location: Available Globally
Event date: Open date - Open date
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CONTACT US

Email: info@financialveritas.com

Phone: +44 208 133 5917