View more on these topics

The Technical Quiz: 29 August

To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these questions. Answers below.

The Technical Quiz MM 480

The following questions all relate to investments.

QUESTION 1: In which circumstances can the 10% dividend tax credit be reclaimed?

A) If the client is a non-taxpayer
B) Where funds are held in an Isa
C) Where funds are held in a pension
D) It is not reclaimable

QUESTION 2: Bob has interest income of £2,000. If he were to receive rental income of £25,000, at what rate would it be taxed?

A) 10% and 20%
B) 20%
C) 20% and 40%
D) 40%


QUESTION 3: What is the maximum amount of capital which can be withdrawn from an investment bond on an annual basis without triggering an immediate tax charge?

A) 4%
B) 5%
C) 7%
D) 7.5%

QUESTION 4: How much can be contributed to a junior Isa?

A) £3,600 in the 2013/14 tax year
B) £3,600 from the date of the child’s birthday to the day before their next birthday
C) £3,720 in the 2013/14 tax year
D) £3,720 from the date of the child’s birthday to the day before their next birthday

QUESTION 5: Which of the following national savings products is taxable?

A) Income bonds
B) Children’s bonds
C) Premium bonds
D) Fixed interest savings certificates

Questions supplied by Technical Connection



1 D
2 B
3 B
4 C
5 A


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