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Considering Cash
Last Updated: 17 Aug 23 90 min watch
Les Cameron (Head of Technical, M&G Wealth)
Graeme Robb (Senior Technical Manager, M&G Wealth)
Increased interest rates are raising the question of why should people invest? But there is more to financial planning than investments. What are the considerations for individuals, companies and trustees holding cash directly on deposit, can something better be done?
90 minute video (approximately) I Structured CPD accredited by CII and CISI
Learning outcomes
By the end of this session, you will be able to:
- Describe the tax implications of cash holdings on individuals, trustees and companies
- Describe the financial planning considerations for individuals, trustees and companies holding cash
- Identify how better outcomes could be delivered over direct cash holdings
Claiming your CPD
To claim your CPD certificate, test your knowledge with the questions below.
Write down your answers to each of the following questions and check your answers when you click to claim your CPD certificate on the link below
1. Bob has income of earnings of £11,750 and dividend income of £60,000. How much tax free interest can he receive?
a) £5,000
b) £5,500
c) £6,000
d) £6,500
2. Companies may have Business Asset Disposal relief issues if they have cash holdings exceeding what percentage of their assets?
a) 10%
b) 20%
c) 30%
d) 50%
3. What is the tax liability of bare trustees?
a) 0%
b) 10%
c) 20%
d) 30%
1. Bob has income of earnings of £11,750 and dividend income of £60,000. How much tax free interest can he receive?
a) £5,000
b) £5,500
c) £6,000
d) £6,500
2. Companies may have Business Asset Disposal relief issues if they have cash holdings exceeding what percentage of their assets?
a) 10%
b) 20%
c) 30%
d) 50%
3. What is the tax liability of bare trustees?
a) 0%
b) 10%
c) 20%
d) 30%
Before collecting your certificate, please take a moment to provide us feedback on this session, please email prudential.distribution.team@prudential.co.uk
Complete the form below and we’ll email your CPD confirmation to you. Please use the email address that you would usually use when contacting us.
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