Tax Planning & Investments

This module is defined by four units. They are:

• Income tax and capital gains tax
• Inheritance tax
• Trusts
• Specialist investments

During this module, you will:

• Understand the various components of an income tax calculation.
• List the various tax planning techniques that can reduce an individual's income tax liability.
• Explain CGT and how it works alongside income tax.
• Outline the ways CGT can be mitigated.
• Understand how inheritance tax is calculated and explain the difference between PETs and CLTs.
• Identify mitigation strategies and the wider implications of CLTs.
• Evaluate where specialist investments fits into an individual's financial plan.