Below you can find the latest updates to our learning resources. We recommend checking this section regularly to stay informed of any changes. Updates may arise from:
• Revisions to the exam syllabus
• Amendments to the relevant CII study texts that directly impact our materials
• Corrections to typographical errors
• Adjustments addressing more complex issues
By reviewing these updates, you can ensure your study materials remain accurate and aligned with current requirements. Simply click onto the Study Material required and any updates will display below.
Please note: The Categories for the filters will only appear if there are posts within that category. If a category doesn’t have any posts within it, it wont display to users.
Question 289: Fred, Paul and Eric have each received £800 in interest from their bank savings accounts. It is the only savings income they have received this tax year. If Fred is a basic rate, Paul a higher rate and Eric an additional rate tax payer which of the following statements will be correct?
The correct answer should have been option B: Fred will not have an income tax liability on the interest.
Question 91: Octavian is considering taking out both an income protection insurance (IPI) and life assurance policy. In terms of the IPI application form, questions asked are likely to have…
The correct answer should have been option A: 1 month.
The correct end-of-chapter coursework question has now been added to the digital study guide. PDF copy of the coursework question attached.
Clarification regarding Onshore Bond taxation
Chapter 2.2.6b and example 2.14. See attached for revised paragraph and example.
Activity 9.2: The correct answer to activity 9.2 should have been (in order) Principle 6, Principle 1, Principle 5, Principle 7.
See attached for correct answer.
L06 consolidation test part 1
Question 2: David and Eric have made gains of £22,000 and £31,000 respectively in their open-ended investment company (OEIC) holdings. Neither has made any other gains or losses. If David is a basic rate tax payer and Eric a higher rate tax payer, what is their combined Capital Gains Tax liability on these gains?
The correct answer should have been option C – £11,280
Question 176: Roger and Chastity were married and both were UK residents. Roger was of UK domicile but Chastity is of Belgium domicile. When Roger died earlier this year, his £1,050,000 estate, including the mortgage-free family home, was inherited by Chastity. How much inheritance tax, if any, was due?
This question has been re-written to reflect the new residency rules. The re-worded question now reads: Roger and Chastity were married. Roger was a UK long term resident but Chastity was from Belgium and was not a UK long term resident. When Roger died earlier this year, his £1,050,000 estate, including the mortgage-free family home, was inherited by Chastity. How much inheritance tax, if any, was due?
Question 35: Brian and Rhianna are married and have one daughter, Heather. Brian is a UK long term resident and Rhianna a Brazilian resident and not UK long term resident. Brian has died, leaving an estate of £850,000, including the mortgage-free family home valued at £600,000. What inheritance tax (IHT) liability will there be on his death if everything passes to Rhianna?
The correct answer is C – £80,000
Clarification: the £175,000 Residence Nil‑Rate Band (RNRB)is only applicable to Brian’s direct descendants (children / grandchildren) therefore Rhianna would not be able to use this even though the entire estate has been passed to her. We had previously calculated the answer with Rhianna being eligible to use this benefit which was incorrect.
The question has been amended to state that Brian and Rhianna had a daughter to avoid any further confusion.
The correct answer therefore is £850,000 – £325,000 NRB – £325,000 (for non-UK LTR spouse) = £200,000 x 40% = £80,000 (answer C).
Keeping your study materials up to date is essential for exam success.
To ensure you are working with the most accurate resources, we recommend checking this page regularly. Here you will find updates that directly affect your study materials, helping you stay aligned with the latest requirements
Updates to your study materials are published directly on the CII website at www.cii.co.uk. To locate them, select your exam unit and look for the “Unit Updates” section displayed in the right‑hand column. We recommend reviewing both the “Learning Solutions Update” and “Qualification Update” headings to ensure you are working with the most current information.
