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CTFA – Certified Trust and Financial Advisor

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Showing 1–3 of 20 questions

Question 1

A broker is:

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    Far more than a salesperson
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    Mostly interested in his own commission
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    May not be socially known
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    Can trade your stock without your permission
Question 2

Negligence is:

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    Failing to act in a reasonable manner
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    Failing to take necessary steps to protect others from harm
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    Causing a loss
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    Losing the judgment
Question 3

Pauline, a basic-rate taxpayer, has a portfolio which comprises of various equity and fixed-interest unit trusts and OEICs. She should be aware that:

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    Any losses from this portfolio are allowable for Capital Gains Tax calculations
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    Her entire portfolio will be subject to a 10% tax credit
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    Only the proceeds of sale from the OEICs could be subject to Capital Gains Tax
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    The taxation of dividends on the OEICs held will be treated the same way as the unit trusts
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    She can never reclaim any tax deducted at source