When more units or shares can be created on demand, this describes the features of:

Nigel, a higher-rate taxpayer, receives a dividend distribution of £9,540 from his unit trust holding, his only equity investment. How much Income Tax will he need to pay on this distribution?

Carol works for a small open ended investment company (OEIC). She is responsible for the preparation of accounts as well as ensuring the OEIC complies with its investor protection requirements. This means that Carol must be:

If a fund of funds is described as ‘fettered’, what restriction is imposed on it?

Lance and Richard are both UK residents and higher rate taxpayers. They have both realised a gain of £15,000. Lance’s is from his reporting offshore fund and Richard’s is from his non-reporting offshore fund. Assuming they have both fully utilised their CGT exemption and their personal savings allowance in the 2017/18 tax year, their tax liabilities will result in:

Jeff is surrendering his single premium with profits bond. The final value he receives could be affected by the application of a:

Mr and Mrs Smith have three children aged 17, 10 and 5. What is the MAXIMUM amount that can be paid per year by the family into friendly society policies if the premium is paid annually?

Jacquie, an additional rate taxpayer, invested £80,000 in an onshore investment bond. After six and a half years she makes her first withdrawal of £30,000. The income tax liability as a result of this withdrawal will be:

The early surrender value of Malcolm’s life policy was £46,000, so he sold it on the second-hand market for £60,000 to Natasha. It is TRUE to say that:

An important difference between exchange traded funds (ETFs) and exchange traded notes (ETNs) is that only:

Property funds may only be held within an Individual Savings Account (ISA) if:

James is a non taxpayer who has invested into a real estate investment trust. The distributions he receives from his investment:

NSP Limited has gross assets of £14.8 million. The maximum the company can raise from subscriptions to an Enterprise Investment Scheme (EIS) is:

Which of Martina’s clients is INELIGIBLE to invest in an Individual Savings Account (ISA)?

Mark has purchased an investment that gives him the right but no obligation to buy some shares at a fixed price at a set date in the future. He has purchased a[n]: