1
Q
Benefits of JISA
A
Benefits:
- Tax free growth
- Tax free income
- doesn’t count towards David and June’s isa allowance
- range of funds to meet atr
- gift our of normal expenditure so immediately exempt for IHT
2
Q
Drawbacks of JISAs
A
Drawbacks
- children have right to choose investments at 16
- children have right to funds from 18/ David and June lose control of money
- children may not go to university
- Limit to how much can be invested
- minimal impact on reducing the estate
AF5
flashcards
Decks in class (31)
# Cards
-
Risk3
-
Review5
-
Security Of David’s Cash1
-
Additional Info5
-
JISAs2
-
EIS/VCT6
-
Impact Of DAVIDS DB Scheme Entering PPF1
-
Spousal Bypass Trust1
-
DFM2
-
Deferred State Pension Benefits1
-
Benefits Of Stopping SIPP income1
-
Hour/Fund fees4
-
Benefits To Recieving Regular Advice1
-
Risk Profiling4
-
Cashflow Modelling4
-
Factors to Ensure Diversification And Asset Allocation Is Suitable For Income Needs And Risk Profile1
-
Investment Trusts3
-
Benefits Of A Platform1
-
Investment Bond3
-
Current Savings And Investments2
-
University Fees2
-
Options And Tax Treatment Of davids Pension Death Benefits1
-
Weaknesses Of Current IHT Areangements1
-
DGT1
-
IHT4
-
Trustees3
-
Isas0
-
Wills5
-
Powers Of Attorney6
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How IPDI IIP Trusts Can Ensure Estate Distribution Is Correct1
-
Estate planning1
