View more on these topics

The Technical Quiz: 21 August


Question one

Why might a basic-rate taxpaying pensioner hold a UK equity income fund via a Nisa rather than directly?

A) To avoid inheritance tax

B) To increase the dividend income

C) To prevent loss of age allowance

D) To minimise costs

Question two

Ben is an additional-rate taxpayer who realises a £30,000 gain in a non-reporting offshore gilt fund. His annual capital gains tax exemption has been used elsewhere. How much tax does he pay?

A) Nil

B) £3,570

C) £12,750

D) £13,500

Question three

Having built up an entitlement to a full basic state pension, Joe retired to live permanently in the south of France. How will this affect his entitlement to receive annual increases to his basic state pension?

A) It will be limited to a maximum increase of 2.5 per cent per annum

B) It would be based on CPI in the UK to the previous September

C) It would be based on the greater of inflation, the increase in average earnings or 2.5 per cent

D) His entitlement to receive the annual increase is not affected – he will receive the annual increase but through the French social security system

Questions supplied by CPD Centre. Answers at:

Scroll down for answers 











1) C

2) D

3) D



FSCS seeks PR firm for contract worth up to £540k

The Financial Services Compensation Scheme has asked PR firms to pitch for a contract worth up to £540,000, Money Marketing can reveal. The FSCS has put out to tender a PR contract which sets the costs at between £360,000 and £540,000. The contract will be for two years initially at a cost of £180,000 a […]


Caerus hit by collapse of member firm

Administrators are seeking £1.2m in pipeline commission from Caerus following the collapse of one of its largest member firms earlier this year. The Welbeck Group, placed into administration in March, includes Welbeck Consulting and Welbeck Wealth Management. Administrators ReSolve have written to network Caerus requesting payment of £1.2m in pipeline commissions on business written by Welbeck […]


Six directors disqualified for £13m land banking scam

Six directors have been disqualified after taking £13m from 300 investors in a land banking scam. An investigation by the Insolvency Service found that two sales agents sold land to consumers using misleading marketing materials, which led them to believe the land would obtain planning permissions and increase in value. In reality, there was no […]

Loney-Phil-Royal London-2013

Royal London: Govt has ‘grossly underestimated’ charge cap costs

Royal London chief executive Phil Loney has attacked the Government’s pension charge cap reforms, saying the costs have been “grossly underestimated” and could yet hit £1bn. Announcing the company’s interim results this morning, Loney argues the Department for Work and Pensions’ “headline-grabbing policy” to cap automatic-enrolment charges at 0.75 per cent from next April “will […]

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm