Inheritance tax planning using Whole of Life protection

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Inheritance tax planning using Whole of Life protection"

Transcription

1 For customers Iheritace tax plaig usig Whole of Life protectio Fid out more

2 02 At Aego, we wat to help families across the UK pass o their wealth to those they love the most. So we ve desiged our Whole of Life protectio policy specifically to provide moey to cover a iheritace tax (IHT) bill that s payable o your estate so more of your legacy ca pass to your beeficiaries.

3 Iheritace tax plaig 03 IHT plaig is a complex area, but is somethig you should cosider if you wat to leave behid a legacy. If this is somethig you re thikig about, you should speak to a fiacial adviser they ll be able to help you with this. The iformatio i this booklet is based o our uderstadig of curret legislatio, taxatio law ad practice, which may chage. What s IHT? IHT is collected by HM Reveue & Customs whe you die if the value of your property ad possessios (also kow as your estate) is worth more tha 325,000 if you re a sigle perso, or 650,000 if you re married or i a civil partership ad the IHT threshold is t used o the first death. The rate of IHT is 40%, which meas that if your estate is valued at 500,000 whe you die ad you re a sigle perso, your persoal represetatives will have to pay 70,000 i tax. This has to be paid withi six moths of you dyig, otherwise iterest is added. About IHT With the IHT threshold froze at 325,000 util 2017/18, ad property prices o the rise agai, IHT is somethig that could affect more people tha ever before. I fact, accordig to The Telegraph, 10% of the UK will be liable for IHT i 2018, compared to just 3% i The average size of estates payig IHT are valued betwee 500,000 ad 1 millio, highlightig that IHT impacts more tha just high-et-worth idividuals. I the 2013/14 tax year, aroud 3.4 billio was paid i IHT. You ca use our iheritace tax calculator to help you fid out if IHT will be payable o your estate.

4 Maagig a potetial IHT liability 04 There are thigs you ca do ow to help reduce your potetial IHT bill ad help cover the cost of it. Giftig your wealth Cosider giftig your wealth to your loved oes, which will allow them to beefit from ay iheritace early, while also helpig to reduce your potetial IHT bill. Tax-free gifts Each year, you ca gift up to 3,000 free of IHT. Ad if you do t use this allowace i a particular year, you ca carry it forward to the ext year for oe year oly. I additio, every year you ca make small gifts of up to 250 to each gift recipiet. There are also other exemptios that you ca cosider, which your fiacial adviser will be able to go through with you. Makig larger gifts I additio to your 3,000 yearly allowace, you ca also make larger gifts to other people. These are kow as potetially exempt trasfers (PETs). For larger gifts to be exempt from IHT, you eed to live for seve years from the date you make the gift. If you die withi this seve-year period, IHT will be payable by the perso you made the gift to. As you re more likely to survive this seve-year period the youger you are, it ca be beeficial to start giftig your wealth as early as possible to icrease the chace of this ot beig liable for IHT.

5 05 Here s a example of how giftig your wealth could work: Julie gifts her holiday home i Corwall to her daughter Kare. She has recetly divorced ad does t ited to use the holiday home ever agai. It s worth 500,000 ad the gai for capital gais tax (CGT) purposes is covered by Julie s CGT yearly exemptio. If she lives for seve years from the date she makes the gift, this will stay outside her IHT estate. But if she dies withi the seve-year period, Kare will have to pay IHT for it. This meas that the amout potetially liable for IHT is: 500, ,000 = 175,000 Julie s 325,000 IHT threshold wo t be available to offset agaist her remaiig estate for this seve-year period. Taper relief will apply after three years. This reduces the amout of IHT due i relatio to the gift over the seve-year period after you make the gift. Survival period Gift amout liable for IHT Taper relief percetage applied to the IHT due Iheritace tax due 0-3 years 175,000 0% 70, years 175,000 20% 56, years 175,000 40% 42, years 175,000 60% 28, years 175,000 80% 14,000 More tha 7 years Nil 100% Nil

6 06 Usig life isurace to cover your estate s IHT bill You ca take out life isurace to help cover the cost of ay IHT due o your estate whe you die. But did you kow that a term isurace policy will expire oce you live to a certai age? Aother optio available which could be more suitable for iheritace tax plaig is a whole of life policy. This will pay the beefit amout whe you die regardless of whe that is. If your policy is held i trust, your policy paymets will be treated as gifts. They ll be exempt from IHT if they re covered by the 3,000 yearly allowace or if the ormal expediture out of icome exemptio applies. For the ormal expediture out of icome exemptio to be available: the policy paymets have to be paid from your icome after tax regular paymets have to be made, ad you should t have to use your capital to maitai your lifestyle after these gifts are made Placig your life isurace cover i trust Ubiased s Tax Actio 2014 campaig foud that 530 millio is paid uecessarily each year i IHT due to life isurace policies ot beig placed i trust. By placig your life isurace policy i trust, the beefit amout will be paid to your trustees ad remai outside your estate so it wo t be liable for IHT o your death. The beeficiaries of the trust ca use this to help the persoal represetatives pay the IHT bill due o your estate. This meas that your estate ca be passed o to those you ited it to, rather tha beig used to pay a tax bill.

7 Our Whole of Life policy 07 We ve desiged our Whole of Life policy specifically for IHT plaig, so that you ca make sure that your legacy is passed to your loved oes. You ca choose to apply o your ow to provide isurace o your life, kow as a sigle-life policy, or apply with aother perso usually your husbad, wife or civil parter to provide isurace o both your lives, kow as a joit-life policy. How we outshie the market We ve built some features ito our policy that are uique to the market ad make our Whole of Life policy particularly suitable for estate plaig. Itegrated trust ad applicatio We wat to put a stop to the 530 millio that s paid uecessarily each year i IHT, so we ve made it as easy as possible to place your policy i trust. What s more, if you re eligible for free cover ad your adviser uses our itegrated trust process, your free cover will also be placed i trust. So if you die while we re processig your applicatio, ay free cover claim wo t add to your IHT bill. You ca fid full details of our free cover i our Key features of the Whole of Life policy. The trust we use for Whole of Life is a discretioary trust. With a discretioary trust, the trustees have the power to make paymets to a wide rage of beeficiaries, so it remais flexible eve if your circumstaces chage. They ll cotrol who beefits from your policy ad how much they ll receive. To help them, you ca choose to complete a omiatio form to ask the trustees to cosider your preferred beeficiaries. Whe applyig for our Whole of Life policy, it ca be placed i trust at the same time so there s o delay or chace of forgettig to do this oce the policy s set up. We re curretly the oly provider offerig this itegratio.

8 Cover that ca icrease with your chagig circumstaces No-oe ca predict the future. So we ve made sure that the amout you re covered for ca icrease as your circumstaces chage without havig to provide ay more medical iformatio. We do this by offerig a rage of guarateed isurability optios, coverig a diverse rage of circumstaces, icludig: a rise i your potetial IHT liability gettig married movig home What s more, you ca use our guarateed isurability optio for a risig IHT liability up to the age of 70, which is the highest age available i the market. You ca fid full details of all the guarateed isurability optios available, alog with ay limits that apply i our Policy coditios Protectig IHT payable o ay gifts you make If you make a PET to gift some of your wealth ad the value of the PET is more tha the amout of your available IHT threshold, you ca choose to covert some of your beefit amout ito gift iter vivos (GIV) isurace. GIV is cover that reduces over the seve-year period i lie with curret tax legislatio to protect the IHT liability that might arise if you die withi this period. As this cover reduces, you ca make sure that you re ot payig for excess cover ow that you have a reduced IHT liability. You ll also have the reassurace that you wo t be leavig ay upleasat IHT surprises for the perso you made the gift to whe you die. 08 We also iclude a legislatio optio with our GIV isurace. This meas that if IHT legislatio chages durig the seve-year period, you ca choose to either icrease your amout of isurace or exted the term of your isurace. After seve years, the value of the PET will fall outside your IHT estate ad the IHT threshold will be available agai to offset agaist the remaider of your IHT estate. You should cosider reviewig the level of cover at this stage to make sure that you re ot payig for too much cover. Splittig a joit-life policy i future If the upredictable happes ad you divorce or dissolve a civil partership, you could split your joit-life policy ito two sigle-life policies regardless of whether your policy is set up o a joit-life first death or a joit-life secod death basis so you do t have to lose your IHT protectio. If you have a joit-life first death policy, both parties (or the trustees) will receive a sigle-life policy for 100% of the beefit amout o the origial policy. If you have a joit-life secod death policy, the beefit amout will be split i lie with each party s IHT liability followig the divorce. The combied total of both sigle-life policies ca t be more tha 100% of the origial total beefit amout.

9 09 What else our Whole of Life policy offers We do t just stop there we also iclude the followig value-added features. Free cover We ll offer up to 1 millio free cover for up to 90 days, to help cover ay IHT liability while we re processig your applicatio. So you ll have the reassurace that you re covered from day oe. Free cover is t available if at the time of your applicatio: you ve applied, or are i the process of applyig, for similar cover with aother isurace compay ay perso to be isured by the policy is aged 70 or older you have a dimiished metal capacity You ca fid full details about our free cover i our Key features of the Whole of Life policy Future-proofig your policy As the cost of livig icreases due to iflatio, you ca choose to future-proof your policy by choosig our iflatio-liked feature. This meas that the amout you re covered for will icrease each year i lie with the Retail Prices Idex (RPI). Your policy paymets will also icrease at the same time. To make sure that your policy remais as flexible as possible, you ca choose to stop iflatio-likig at ay time, for example if you feel that your beefit amout is at a reasoable level or your paymets are gettig too high. If you chose to do this, we d freeze your beefit amout at that level, ad your paymets would stay at the same level. Protectig your paymets If you have a accidet or become ill, ad you re ot able to work, your IHT liability wo t disappear. To make sure that you ca keep your cover i place, you ca choose to protect your paymets. This meas that if you re uable to work due to sickess or accidet ad meet your chose defiitio of icapacity, we ll make your paymets for you, so that your IHT liability stays protected. If you choose this optio, it will ed whe you tur 67 years old. Termial illess cover We do t oly cover you whe you die. We ll also pay the beefit amout if you re diagosed with a termial illess. For this to be payable before you die, you ll eed to meet our defiitio of termial illess, which you ca fid i our Policy coditios. The termial illess cover will be i trust if your policy is held i trust.

10 Whole of Life policies i practice 10 We ve looked at what IHT is, how you ca reduce your potetial liability ad what our Whole of Life policy has to offer. So ow let s look at some case studies showig how our Whole of Life protectio policy could work. Remember these are oly examples ad do t take accout of your persoal circumstaces. Case study 1 A retired married couple James ad Elizabeth are both aged 68 ad retired. They have two grow-up childre ad four gradchildre i their tees. They receive a combied pesio icome of 50,000 a year i total from their workplace pesios ad state pesios, ad 5,000 from their loa trust. Both are basic-rate taxpayers. They ve writte wills which state that whe the first oe dies, everythig is to go to the survivig spouse, icludig the outstadig loa repaymets o the loa trust. O secod death, everythig passes to their two childre. James ad Elizabeth s combied wealth is as follows: House (with o outstadig mortgage) 450,000 ISAs 70,000 Ivestmets i uit trusts ad ope-eded ivestmets compaies (OEICs) through a geeral ivestmet accout (GIA) 80,000 Loa trust (outstadig loa due to estate) 80,000 Cash i the bak 60,000 Others (cars, jewellery, atiques, paitigs) 160,000 Total 900,000 IHT liability James, as his mother s persoal represetative, faced a IHT bill whe his mother passed away ad had to sell her house to fud this. He does t wat his childre to face the same problem. James ad Elizabeth have made o previous gifts ad therefore each have a full IHT il rate threshold available. This meas that the persoal represetatives will have a total IHT threshold of 650,000 (2 x 325,000) to use o the secod death. The IHT payable if both were to die ow would be: ( 900, ,000) x 40% = 100,000

11 They re reluctat to make large gifts just ow that would reduce their estate as they re worried about their care i retiremet particularly as their childre both live may miles away. However, they d like to do somethig to help their childre pay their potetial IHT bill. The solutio James ad Elizabeth take out a joit-life secod death Whole of Life policy, which is held i trust for the beefit of their childre. The iitial beefit amout is 100,000 ad, as they ve chose the iflatio-likig feature, this will icrease each year i lie with the retail prices idex (RPI). Their policy paymets will also rise each year. James thought that this was sesible give the recet house price icreases. This policy will provide the fuds to pay ay IHT due after they both die. The trust optios By placig the policy i trust, the beefit amout payable whe both James ad Elizabeth die wo t be icluded i their estate. Paymet ca be made to the trustees without the eed to wait o the grat of probate. The trustees ca be James ad Elizabeth s childre or a professioal trustee, such as the lawyer who drafted their wills. Their adviser recommeded they set up a discretioary trust at the same time as they apply for their Whole of Life cover. This meas the free cover offered will be i trust ad the policy will be issued to their trustees. 11 The policy paymets where a discretioary trust is used Each policy paymet is treated as a gift for IHT purposes uless it s covered by oe of the available exemptios. As James ad Elizabeth have made o gifts this year they each have the 3,000 yearly gift exemptio ( 6,000 i total). As their gradchildre are about to go to uiversity they might i future use this exemptio to make gifts to them. I this case, they could use the ormal expediture out of icome exemptio istead. This meas that they ca make the paymet out of their icome without reducig their ormal stadard of livig. Pesio icome would be classed as icome for this purpose, but the icome from the loa trust would t. Summary As it stads, if James ad Elizabeth were to die, their persoal represetatives would face a IHT bill of 100,000. A joit-life secod death Whole of Life policy, held i a discretioary trust with a iitial beefit amout of 100,000, will give their childre the fuds to pay ay bill without eedig to wait for a grat of probate. The cover icreases each year by RPI to help take accout of ivestmet returs or icreases i house prices. The discretioary trust allows the trustees to pay the beefits to a rage of beeficiaries. Where the policy is to be held i trust, the policy paymets will likely be covered by oe of the available exemptios. Without puttig this policy i place, James ad Elizabeth s beeficiaries would receive 40% less iheritace whe they die, as they d have to use some of the value i the estate to pay the IHT bill.

12 12 Case study 2 A widow A is a 58-year-old widow. Her husbad died three years ago ad this has focused her mid o what will happe whe she dies. Her estate is curretly made up of the followig assets: Residetial property 700,000 Cash i the bak 250,000 ISAs 300,000 Ivestmets 150,000 Less Outstadig mortgage 50,000 Total 1,350,000 IHT liability Whe A s husbad died, his full IHT threshold of 325,000 was used as he left legacies totallig 325,000 to his childre. If A were to die ow, her persoal represetatives will oly have her IHT threshold of 325,000 available. A s will leaves everythig to her two grow-up childre i equal proportios. If she were to die ow, her persoal represetatives face a IHT bill of: ( 1,350, ,000) x 40% = 410,000 A s reluctat to make ay substatial gifts at the momet as she does t wat to reduce her stadard of livig. However, she s kee to make sure that her childre have the fuds available to pay her IHT bill. The solutio A takes out a Whole of Life policy with a beefit amout of 410,000. This is placed i a discretioary trust to make sure that it s ot icluded i her estate. I the evet of a valid claim, the beefit amout ca be paid to her trustees without the eed to wait for the grat of probate. 10 years later A is 68 ad has paid off her mortgage. Her estate is ow made up of the followig assets: Residetial property 700,000 Cash i the bak 200,000 ISAs 400,000 Ivestmets 50,000 Total 1,350,000 A decided to withdraw the moey from her ISAs ad gift it to her childre to help with property purchases. Although ISAs are icome tax ad capital gais tax efficiet, they re subject to IHT whe she dies. By giftig this 400,000 to her childre, she ll be makig a potetially exempt trasfer (PET), which will remove the value from her estate as log as she survives the seve-year period after makig it. As the gift is above the IHT threshold of 325,000, taper relief would apply to the IHT that would be payable if she were to die withi seve years. Taper relief reduces the IHT due if she lives for more tha three years from whe the gift was made.

13 13 Oly the amout above the IHT threshold will be liable for IHT. I this case that s: 400, ,000 = 75,000 The iitial 325,000 of the gift will be covered by A s IHT threshold. This meas that this wo t be available to offset agaist her remaiig IHT estate durig this seve-year period. The IHT due o the gift would be as follows: Survival period Gift amout liable for IHT Taper relief percetage applied to the IHT due 0-3 years 75,000 0% 30, years 75,000 20% 24, years 75,000 40% 18, years 75,000 60% 12, years 75,000 80% 6,000 More tha 7 years Nil 100% Nil Iheritace tax due The trustees covert 30,000 of A s Whole of Life policy ito GIV isurace to protect the potetial IHT liability, should she die withi the seve-year period. The cover will reduce based o the IHT due i the table above. After seve years this cover will stop ad there will be 380,000 worth of Whole of Life cover remaiig. As her IHT threshold will be available agai to offset agaist her IHT estate, she should cosider reviewig the level of cover to make sure that she s ot payig for too much. Summary A took out a Whole of Life policy for 410,000, held i trust, to help her childre pay the IHT bill that s due whe she dies. 10 years later A made a gift of 200,000 to each of her childre usig her ISA savigs. This gift of 400,000 is treated as a PET. The trustees coverted 30,000 of A s Whole of Life cover ito GIV isurace to cover this PET. This isurace stopped after seve years, leavig the trustees with 380,000 of Whole of Life cover remaiig. If A did t take this actio, her beeficiaries would have to use some of the value from her estate to pay the IHT bill, which would leave them with a iheritace worth 40% less tha she d iteded.

14 14 Case study 3 Divorcig couple Laura ad Craig are both aged 49. They both work ad receive 50,000 salary each. They re both i good health ad do t smoke. They have the followig assets, which they ve left to each other i their wills: Residetial property (o mortgage, joitly-owed) 500,000 House i Devo (o mortgage, joitly-owed) 250,000 Cash i joit bak accout 50,000 Joitly-owed ivestmets held i a geeral ivestmet accout (GIA) 75,000 ISAs ( 75,000 each) 150,000 Share pla (from Craig s previous employmet) 100,000 Total 1,125,000 Iheritace tax liability They both kow that if they were to die their persoal represetatives would be left with a IHT bill. As a married couple they have a combied IHT threshold of 650,000 available to their persoal represetatives o the secod death. If they were both to die ow their IHT liability would be: ( 1,125, ,000) x 40% = 190,000 The solutio As they re still youg, they re reluctat to make ay gifts to reduce their estate, so take out a joit-life secod death Whole of Life policy with a beefit amout of 190,000. This is placed i a discretioary trust for the beefit of their two childre, with the itetio that it covers their IHT bill. Five years later Laura ad Craig have bee livig apart for two years ad decide to divorce. They ve come to a agreemet that Craig will keep his salary, his shares, his ISA ad the property i Devo which he ll live i. Laura will keep the residetial home, her ISA ad her salary. Their joit bak accout ad other ivestmets will be split i half. Neither of them has ay plas to get married agai. Laura s IHT liability Laura s assets are ow made up as follows: Residetial property (o mortgage) 500,000 Cash i the bak 25,000 Ivestmet held i a GIA 37,500 ISA 75,000 Total 637,500 If Laura were to die ow, her IHT liability would be: ( 637, ,000) x 40% = 125,000

15 15 Craig s IHT liability Craig s assets are ow made up as follows: House i Devo (o mortgage) 250,000 Cash i the bak 25,000 Share pla 100,000 Ivestmets held i a GIA 37,500 ISA 75,000 Total 487,500 If Craig were to die ow, his IHT liability would be: ( 487, ,000) x 40% = 65,000 The trustees use the separatio optio icluded i their Whole of Life policy, to split their beefit amout ito two separate policies. The trustees receive two sigle-life Whole of Life policies, oe with a beefit amout of 125,000 ad oe with a beefit amout of 65,000. Both policies are held uder the origial discretioary trust. Laura ad Craig, as trustees, seek legal advice o how to deal with this. Laura ad Craig s IHT liability will have chaged as they ca o loger make IHT exempt gifts to a spouse or iherit their spouse s uused IHT threshold. Now, their persoal represetatives will potetially face IHT bills o the death of both Laura ad Craig. Summary Laura ad Craig took out a joit-life secod death Whole of Life policy, placed i a discretioary trust, while they were married to make sure that their childre had fuds to help pay their IHT bill. Five years after takig out the policy, Laura ad Craig divorced. Their trustees used the joit life separatio optio uder their Whole of Life policy ad received two ew sigle-life policies i lie with their revised IHT positio, both held i the origial discretioary trust. Laura ad Craig took legal advice o how the discretioary trust would work goig forward. Laura ad Craig s IHT liabilities have chaged as their persoal represetatives ca o loger claim the first spouse to die s IHT threshold o the secod death. Neither Laura or Craig ca make IHT exempt gifts to a spouse, ad their assets have bee split betwee them. If either Laura or Craig were to die, their childre would have eough moey to help meet the IHT liability. Without their Whole of Life policy, Laura ad Craig s childre would have to use 40% of both their parets estates to pay the iheritace tax bills due o each estate so their iheritace would be 40% less tha expected.

16 16 Next steps Dyig is t somethig we wat to thik about. But by doig some IHT plaig ow ad puttig some simple measures i place, you ca reduce the potetial tax bill that will eed to be paid o your estate, ad help cover the cost of this. So your wealth ca pass to those you ited it to. Do t delay speak to a fiacial adviser ad start your IHT plaig today. We re proud to be the Lead Parter of British Aego is a brad ame of Scottish Equitable plc. Scottish Equitable plc, registered office: Ediburgh Park, Ediburgh EH12 9SE. Registered i Scotlad (No ). Authorised by the Prudetial Regulatio Authority ad regulated by the Fiacial Coduct Authority ad the Prudetial Regulatio Authority. Fiacial Services Register umber A Aego compay Aego UK plc C IP /14

PENSION ANNUITY. Policy Conditions Document reference: PPAS1(7) This is an important document. Please keep it in a safe place.

PENSION ANNUITY. Policy Conditions Document reference: PPAS1(7) This is an important document. Please keep it in a safe place. PENSION ANNUITY Policy Coditios Documet referece: PPAS1(7) This is a importat documet. Please keep it i a safe place. Pesio Auity Policy Coditios Welcome to LV=, ad thak you for choosig our Pesio Auity.

More information

For customers Key features of the Guaranteed Pension Annuity

For customers Key features of the Guaranteed Pension Annuity For customers Key features of the Guarateed Pesio Auity The Fiacial Coduct Authority is a fiacial services regulator. It requires us, Aego, to give you this importat iformatio to help you to decide whether

More information

Information about Bankruptcy

Information about Bankruptcy Iformatio about Bakruptcy Isolvecy Service of Irelad Seirbhís Dócmhaieachta a héirea Isolvecy Service of Irelad Seirbhís Dócmhaieachta a héirea What is the? The Isolvecy Service of Irelad () is a idepedet

More information

For customers Income protection the facts

For customers Income protection the facts For customers Icome protectio the facts We ve desiged this documet to give you more iformatio about our icome protectio beefits. It does t form part of ay cotract betwee you ad/or us. This iformatio refers

More information

How to use what you OWN to reduce what you OWE

How to use what you OWN to reduce what you OWE How to use what you OWN to reduce what you OWE Maulife Oe A Overview Most Caadias maage their fiaces by doig two thigs: 1. Depositig their icome ad other short-term assets ito chequig ad savigs accouts.

More information

Flexible Trust. (Settlor as trustee with optional survivorship clause) Your questions answered. What is a trust? What is a Flexible Trust?

Flexible Trust. (Settlor as trustee with optional survivorship clause) Your questions answered. What is a trust? What is a Flexible Trust? Flexible Trust (Settl as trustee with optioal survivship clause) Your questios aswered Uderstadig trusts ad their implicatios ca be pretty complicated. You should always get advice from your legal adviser

More information

For customers Whole of Life. Policy conditions. Pays a lump sum on death or diagnosis of a defined terminal illness.

For customers Whole of Life. Policy conditions. Pays a lump sum on death or diagnosis of a defined terminal illness. For customers Whole of Life Policy coditios Pays a lump sum o death or diagosis of a defied termial illess. Cotets Welcome to Aego 03 What we mea by you 03 Your cotract 03 Plai Eglish 03 Cotact us 03 1

More information

Enhance Your Financial Legacy Variable Annuity Death Benefits from Pacific Life

Enhance Your Financial Legacy Variable Annuity Death Benefits from Pacific Life Ehace Your Fiacial Legacy Variable Auity Death Beefits from Pacific Life 7/15 20172-15B As You Pla for Retiremet, Protect Your Loved Oes A Pacific Life variable auity ca offer three death beefits that

More information

Current Year Income Assessment Form

Current Year Income Assessment Form Curret Year Icome Assessmet Form Academic Year 2015/16 Persoal details Perso 1 Your Customer Referece Number Your Customer Referece Number Name Name Date of birth Address / / Date of birth / / Address

More information

Get advice now. Are you worried about your mortgage? New edition

Get advice now. Are you worried about your mortgage? New edition New editio Jauary 2009 Are you worried about your mortgage? Get advice ow If you are strugglig to pay your mortgage, or you thik it will be difficult to pay more whe your fixed-rate deal eds, act ow to

More information

Enhance Your Financial Legacy Variable Annuities with Death Benefits from Pacific Life

Enhance Your Financial Legacy Variable Annuities with Death Benefits from Pacific Life Ehace Your Fiacial Legacy Variable Auities with Death Beefits from Pacific Life 9/15 20188-15C FOR CALIFORNIA As You Pla for Retiremet, Protect Your Loved Oes A Pacific Life variable auity ca offer three

More information

Amendments to employer debt Regulations

Amendments to employer debt Regulations March 2008 Pesios Legal Alert Amedmets to employer debt Regulatios The Govermet has at last issued Regulatios which will amed the law as to employer debts uder s75 Pesios Act 1995. The amedig Regulatios

More information

Two people, one policy. Affordable long-term care coverage for both.

Two people, one policy. Affordable long-term care coverage for both. Log-term care rider, available o Natiowide YourLife No-Lapse Guaratee SUL II Feature guide LIFE INSURANCE + LONG-ERM CARE wo people, oe policy. Affordable log-term care coverage for both. NAIONWIDE LIFE

More information

FM4 CREDIT AND BORROWING

FM4 CREDIT AND BORROWING FM4 CREDIT AND BORROWING Whe you purchase big ticket items such as cars, boats, televisios ad the like, retailers ad fiacial istitutios have various terms ad coditios that are implemeted for the cosumer

More information

For customers Key features of the Personal Protection policy

For customers Key features of the Personal Protection policy For customers Key features of the Persoal Protectio policy The Fiacial Coduct Authority is a fiacial services regulator. It requires us, Aego, to give you this importat iformatio to help you to decide

More information

For customers Key features of the Business Protection policy

For customers Key features of the Business Protection policy For customers Key features of the Busiess Protectio policy The Fiacial Coduct Authority is a fiacial services regulator. It requires us, Aego, to give you this importat iformatio to help you to decide

More information

International Delegation A summary for financial advisers

International Delegation A summary for financial advisers Iteratioal Delegatio A summary for fiacial advisers Cotets Please ote For fiacial adviser use oly. It should ot be distributed to, or relied upo by, retail cliets. AXA Wealth Iteratioal is the brad used

More information

.04. This means $1000 is multiplied by 1.02 five times, once for each of the remaining sixmonth

.04. This means $1000 is multiplied by 1.02 five times, once for each of the remaining sixmonth Questio 1: What is a ordiary auity? Let s look at a ordiary auity that is certai ad simple. By this, we mea a auity over a fixed term whose paymet period matches the iterest coversio period. Additioally,

More information

Life Insurance: Your Blueprint for Wealth Transfer Planning. Producer Guide to Private Split Dollar Arrangements. Your future. Made easier.

Life Insurance: Your Blueprint for Wealth Transfer Planning. Producer Guide to Private Split Dollar Arrangements. Your future. Made easier. Life Isurace: Your Blueprit for Wealth Trasfer Plaig Producer Guide to Private Split Dollar Arragemets These materials are ot iteded to be used to avoid tax pealties ad were prepared to support the promotio

More information

INCOME PROTECTION POLICY CONDITIONS GUARANTEED PREMIUMS

INCOME PROTECTION POLICY CONDITIONS GUARANTEED PREMIUMS INCOME PROTECTION POLICY CONDITIONS GUARANTEED PREMIUMS Documet referece: MIMIIP12G This is a imptat documet Please keep it i a safe place. Icome Protectio Guarateed Premiums Policy Coditios Welcome to

More information

TIAA-CREF Wealth Management. Personalized, objective financial advice for every stage of life

TIAA-CREF Wealth Management. Personalized, objective financial advice for every stage of life TIAA-CREF Wealth Maagemet Persoalized, objective fiacial advice for every stage of life A persoalized team approach for a trusted lifelog relatioship No matter who you are, you ca t be a expert i all aspects

More information

PFF2 2015/16. Assessment of Financial Circumstances For parents and partners of students. /SFEngland. /SF_England SFE/PFF2/1516/B

PFF2 2015/16. Assessment of Financial Circumstances For parents and partners of students. /SFEngland. /SF_England SFE/PFF2/1516/B PFF2 2015/16 Assessmet of Fiacial Circumstaces For parets ad parters of studets SFE/PFF2/1516/B /SF_Eglad /SFEglad Who should complete this form? Complete this form if you are: The studet s atural or adoptive

More information

Tenants handbook Booklet 4. Paying your rent. June 2015

Tenants handbook Booklet 4. Paying your rent. June 2015 Teats hadbook Booklet 4 Payig your ret Jue 2015 Your Ret ad other charges Payig your ret ad other charges is a coditio of your teacy. If you do ot pay, you will have broke your teacy agreemet with us.

More information

Handling. Collection Calls

Handling. Collection Calls Hadlig the Collectio Calls We do everythig we ca to stop collectio calls; however, i the early part of our represetatio, you ca expect some of these calls to cotiue. We uderstad that the first few moths

More information

PDF version for 75+vat, or Printed version from 249+vat for 200 copies. Web: www.bluestonepublishing.co.uk

PDF version for 75+vat, or Printed version from 249+vat for 200 copies. Web: www.bluestonepublishing.co.uk P rotectio BULLETIN New ewsletter! Persoalised Protectio Newsletter Logo ad/or photo would go here (compliace checked by the Networks) - Geerate more value from each cliet - Protect yourself by flaggig

More information

Evidence requirements guide June 2016

Evidence requirements guide June 2016 INTERMEDIARIES & INVESTMENT PROFESSIONALS ONLY: NOT FOR PUBLIC DISTRIBUTION Page1of6 Evidece requiremets guide Jue 2016 The followig tables show our stadard documetatio requiremets for evidece. Sectio

More information

I apply to subscribe for a Stocks & Shares ISA for the tax year 20 /20 and each subsequent year until further notice.

I apply to subscribe for a Stocks & Shares ISA for the tax year 20 /20 and each subsequent year until further notice. IFSL Brooks Macdoald Fud Stocks & Shares ISA Trasfer Applicatio Form IFSL Brooks Macdoald Fud Stocks & Shares ISA Trasfer Applicatio Form Please complete usig BLOCK CAPITALS ad retur the completed form

More information

A Resource for Free-standing Mathematics Qualifications Working with %

A Resource for Free-standing Mathematics Qualifications Working with % Ca you aswer these questios? A savigs accout gives % iterest per aum.. If 000 is ivested i this accout, how much will be i the accout at the ed of years? A ew car costs 16 000 ad its value falls by 1%

More information

Insure the financial future of your loved ones, and your financial independence, when you need it the most! LIFE INSURANCE WITH LONG-TERM CARE ADVANCE

Insure the financial future of your loved ones, and your financial independence, when you need it the most! LIFE INSURANCE WITH LONG-TERM CARE ADVANCE LIFE INSURANCE WITH LONG-TERM CARE ADVANCE Isure the fiacial future of your loved oes, ad your fiacial idepedece, whe you eed it the most! Desjardis Isurace refers to Desjardis Fiacial Security Life Assurace

More information

Trusteed IRAs. Integrate and simplify your retirement and estate plans

Trusteed IRAs. Integrate and simplify your retirement and estate plans Trusteed IRAs Itegrate ad simplify your retiremet ad estate plas Trusteed IRAs from Merrill Lych Trust Compay To create the legacy of your dreams, you may eed more tha a Idividual Retiremet Accout ad a

More information

Savings and Retirement Benefits

Savings and Retirement Benefits 60 Baltimore Couty Public Schools offers you several ways to begi savig moey through payroll deductios. Defied Beefit Pesio Pla Tax Sheltered Auities ad Custodial Accouts Defied Beefit Pesio Pla Did you

More information

Create Income for Your Retirement. What You Can Expect. What to Consider. Page 1 of 7

Create Income for Your Retirement. What You Can Expect. What to Consider. Page 1 of 7 Page 1 of 7 RBC Retiremet Icome Plaig Process Create Icome for Your Retiremet At RBC Wealth Maagemet, we believe maagig your wealth to produce a icome durig retiremet is fudametally differet from maagig

More information

Best of security and convenience

Best of security and convenience Get More with Additioal Cardholders. Importat iformatio. Add a co-applicat or authorized user to your accout ad you ca take advatage of the followig beefits: RBC Royal Bak Visa Customer Service Cosolidate

More information

I apply to subscribe for a Stocks & Shares NISA for the tax year 2015/2016 and each subsequent year until further notice.

I apply to subscribe for a Stocks & Shares NISA for the tax year 2015/2016 and each subsequent year until further notice. IFSL Brooks Macdoald Fud Stocks & Shares NISA trasfer applicatio form IFSL Brooks Macdoald Fud Stocks & Shares NISA trasfer applicatio form Please complete usig BLOCK CAPITALS ad retur the completed form

More information

CHAPTER 3 THE TIME VALUE OF MONEY

CHAPTER 3 THE TIME VALUE OF MONEY CHAPTER 3 THE TIME VALUE OF MONEY OVERVIEW A dollar i the had today is worth more tha a dollar to be received i the future because, if you had it ow, you could ivest that dollar ad ear iterest. Of all

More information

Grow your business with savings and debt management solutions

Grow your business with savings and debt management solutions Grow your busiess with savigs ad debt maagemet solutios A few great reasos to provide bak ad trust products to your cliets You have the expertise to help your cliets get the best rates ad most competitive

More information

5.4 Amortization. Question 1: How do you find the present value of an annuity? Question 2: How is a loan amortized?

5.4 Amortization. Question 1: How do you find the present value of an annuity? Question 2: How is a loan amortized? 5.4 Amortizatio Questio 1: How do you fid the preset value of a auity? Questio 2: How is a loa amortized? Questio 3: How do you make a amortizatio table? Oe of the most commo fiacial istrumets a perso

More information

CHAPTER 11 Financial mathematics

CHAPTER 11 Financial mathematics CHAPTER 11 Fiacial mathematics I this chapter you will: Calculate iterest usig the simple iterest formula ( ) Use the simple iterest formula to calculate the pricipal (P) Use the simple iterest formula

More information

summary of cover CONTRACT WORKS INSURANCE

summary of cover CONTRACT WORKS INSURANCE 1 SUMMARY OF COVER CONTRACT WORKS summary of cover CONTRACT WORKS INSURANCE This documet details the cover we ca provide for our commercial or church policyholders whe udertakig buildig or reovatio works.

More information

France caters to innovative companies and offers the best research tax credit in Europe

France caters to innovative companies and offers the best research tax credit in Europe 1/5 The Frech Govermet has three objectives : > improve Frace s fiscal competitiveess > cosolidate R&D activities > make Frace a attractive coutry for iovatio Tax icetives have become a key elemet of public

More information

Art & Private Client insurance policy SUMMARY OF COVER

Art & Private Client insurance policy SUMMARY OF COVER Art & Private Cliet isurace policy SUMMARY OF COVER 2 SUMMARY OF COVER DIOCESAN SCHOOLS LEGAL EXPENSES INSURANCE ART AND PRIVATE CLIENT POLICY SUMMARY SUMMARY OF COVER 3 Policy ref: ME773 1 07/16 What

More information

Life & Disability Insurance. For COSE Employer Groups with 10+ Employees

Life & Disability Insurance. For COSE Employer Groups with 10+ Employees Life & Disability Isurace For COSE Employer Groups with 10+ Employees Life ad Disability Isurace Offerig a great beefit like life ad disability isurace is a excellet way to help attract ad retai taleted

More information

Personal Retirement Savings Accounts (PRSAs) A consumer and employers guide to PRSAs

Personal Retirement Savings Accounts (PRSAs) A consumer and employers guide to PRSAs Persoal Retiremet Savigs Accouts (PRSAs) A cosumer ad employers guide to PRSAs www.pesiosauthority.ie The Pesios Authority Verschoyle House 28/30 Lower Mout Street Dubli 2 Tel: (01) 613 1900 Locall: 1890

More information

Quadratics - Revenue and Distance

Quadratics - Revenue and Distance 9.10 Quadratics - Reveue ad Distace Objective: Solve reveue ad distace applicatios of quadratic equatios. A commo applicatio of quadratics comes from reveue ad distace problems. Both are set up almost

More information

Health and dental coverage that begins when your group health benefits end

Health and dental coverage that begins when your group health benefits end Health ad detal coverage that begis whe your group health beefits ed Uderwritte by The Maufacturers Life Isurace Compay Page 1 of 5 FollowMeTM Health ca be your solutio. Life is full of chages. Some are

More information

DC College Savings Plan Helping Children Reach a Higher Potential

DC College Savings Plan Helping Children Reach a Higher Potential 529 DC College Savigs Pla Helpig Childre Reach a Higher Potetial reach Sposored by Govermet of the District of Columbia Office of the Mayor Office of the Chief Fiacial Officer Office of Fiace ad Treasury

More information

In addition to information provided under the regular headings, this issue of Tax Briefing contains:

In addition to information provided under the regular headings, this issue of Tax Briefing contains: Tax Briefig ISSUE 11 - July 1993 Itroductio I additio to iformatio provided uder the regular headigs, this issue of Tax Briefig cotais: Prelimiary iformatio regardig the Amesty - see opposite A summary

More information

Retirement System for Employees and Teachers of the State of Maryland. MARYLAND STATE RETIREMENT and PENSION SYSTEM. Benefits

Retirement System for Employees and Teachers of the State of Maryland. MARYLAND STATE RETIREMENT and PENSION SYSTEM. Benefits Retiremet System for Employees ad Teachers of the State of Marylad hadbook ed 0 vis 01 R e ly 2 Ju MARYLAND STATE RETIREMENT ad PENSION SYSTEM Beefits RETIREMENT SYSTEM FOR EMPLOYEES AND TEACHERS OF THE

More information

About our services and costs

About our services and costs About our services ad costs Cotets Whose products do we offer 2 Ivestmet 2 Isurace 2 Mortgages 2 Which services will we provide you with? 3 Ivestmet 3 Isurace 3 Mortgages 3 What will you have to pay us

More information

MainStay Funds IRA/SEP/Roth IRA Distribution Form

MainStay Funds IRA/SEP/Roth IRA Distribution Form MaiStay Fuds IRA/SEP/Roth IRA Distributio Form Do ot use for IRA Trasfers or SIMPLE IRA INSTRUCTIONS Before completig this form, please refer to the applicable Custodial Agreemet ad Disclosure Statemet

More information

A GUIDE TO BUILDING SMART BUSINESS CREDIT

A GUIDE TO BUILDING SMART BUSINESS CREDIT A GUIDE TO BUILDING SMART BUSINESS CREDIT Establishig busiess credit ca be the key to growig your compay DID YOU KNOW? Busiess Credit ca help grow your busiess Soud paymet practices are key to a solid

More information

Determining the sample size

Determining the sample size Determiig the sample size Oe of the most commo questios ay statisticia gets asked is How large a sample size do I eed? Researchers are ofte surprised to fid out that the aswer depeds o a umber of factors

More information

Withdrawals with SunAmerica Income Plus 6% SM

Withdrawals with SunAmerica Income Plus 6% SM Guaratee cliets Withdrawals with SuAmerica Icome Plus 6% SM More Now More Later More Flexibility Growth with SuAmerica Icome Builder 8% SM For fiacial professioal use oly. Not for distributio to the public.

More information

Choosing a Mortgage FIXED-RATE MORTGAGES. ADJUSTABLE-RATE MORTGAGES (ARMs)

Choosing a Mortgage FIXED-RATE MORTGAGES. ADJUSTABLE-RATE MORTGAGES (ARMs) Choosig A Mortgage Like homes, home mortgages come i all shapes ad sizes: short-term, log-term, fixed, adjustable, jumbo, balloo these are all terms that will soo be familiar to you, if they re ot already.

More information

Revised Special Terms & Conditions

Revised Special Terms & Conditions Call: 0191 505 0033* Lies are ope betwee 9am to 6pm Moday to Friday (excludig UK bak holidays) Email us: customerservice@highyieldaccout.co.uk** Write to us: High Yield Vaquis Bak, Freepost RSGY-CKJA-BKCS,

More information

Voluntary Life and AD&D Insurance

Voluntary Life and AD&D Insurance Volutary Life ad AD&D Isurace Date: March 2014 To: All JMA beefit eligible members From: Wells Fargo Isurace Services Re: Volutary Life & Accidetal Death ad Dismembermet (AD&D) isurace If you choose to

More information

National Institute on Aging. What Is A Nursing Home?

National Institute on Aging. What Is A Nursing Home? Natioal Istitute o Agig AgePage Nursig Homes: Makig The Right Choice Lucille has lived i her home for 33 years. Eve after her husbad died 3 years ago, she was able to maage o her ow. Recetly, she broke

More information

Use Your Home to Stay at Home. The official reverse mortgage consumer booklet approved by the U.S. Department of Housing & Urban Development

Use Your Home to Stay at Home. The official reverse mortgage consumer booklet approved by the U.S. Department of Housing & Urban Development Use Your Home to The official reverse mortgage cosumer booklet approved by the U.S. Departmet of Housig & Urba Developmet The Natioal Coucil o Agig (NCOA) is committed to helpig older persos maximize all

More information

How deductible plans work

How deductible plans work Idividual ad Family Plas DEDUCTIBLE PLANS How deductible plas work Deductible plas geerally offer lower mothly premiums i exchage for payig more out of your ow pocket for services covered by your health

More information

HSAs the American Fidelity Way:

HSAs the American Fidelity Way: Health Ser vices Admiistratio, LLC HSAs the America Fidelity Way: Kowledge, Experiece, Commitmet With over 30 years experiece i providig pre-tax services, America Fidelity is a pioeer i Sectio 125 flexible

More information

Recursion and Recurrences

Recursion and Recurrences Chapter 5 Recursio ad Recurreces 5.1 Growth Rates of Solutios to Recurreces Divide ad Coquer Algorithms Oe of the most basic ad powerful algorithmic techiques is divide ad coquer. Cosider, for example,

More information

Retirement By the Numbers

Retirement By the Numbers Retiremet By the Numbers Fiacial priorities may vary depedig o your age, but every perso wats a successful retiremet. This workbook ca help you estimate your retiremet eeds ad explai the optios available

More information

auction a guide to buying at Residential

auction a guide to buying at Residential Residetial a guide to buyig at auctio Allsop is the market leader for residetial ad commercial auctios i the UK Aually sells approximately 1 billio of property at auctio i the UK Holds at least seve residetial

More information

Disability Income Insurance

Disability Income Insurance Disability Icome Isurace Admiistered by The Parters Group ad Member Compay Kerr Cruickshak Member Compay: Negotiated Limited Time Offer INDIVIDUAL DISABILITY COVERAGE PROGRAM HIGHLIGHTS: Discouted, Specialty,

More information

I. Why is there a time value to money (TVM)?

I. Why is there a time value to money (TVM)? Itroductio to the Time Value of Moey Lecture Outlie I. Why is there the cocept of time value? II. Sigle cash flows over multiple periods III. Groups of cash flows IV. Warigs o doig time value calculatios

More information

for producer use only Term Insurance M25260_0510

for producer use only Term Insurance M25260_0510 for producer use oly Term Isurace M25260_0510 May 2010, Mutual of Omaha Isurace Compay, publisher. All rights reserved. No part of this publicatio may be reproduced, stored i a retrieval system or trasmitted

More information

Preserving Your Financial Legacy with Life Insurance Premium Financing.

Preserving Your Financial Legacy with Life Insurance Premium Financing. Preservig Your Fiacial Legacy with Life Isurace Premium Fiacig. Prepared by: Keeth M. Fujita, Natioal Director, The Private Bak Specialty Fiace Group Life Isurace Premium Fiace. James Mosrie, Seior Wealth

More information

Types of Trusts: This guide provides an overview of seven. An Overview

Types of Trusts: This guide provides an overview of seven. An Overview Types of Trusts: A Overview This guide provides a overview of seve types of trusts, while also reviewig their advatages ad disadvatages for differet types of ivestors Table of Cotets Charitable Lead Trusts...

More information

Indexed Survivor Universal Life. Agent product guide 15887 7/10

Indexed Survivor Universal Life. Agent product guide 15887 7/10 Idexed Survivor Uiversal Life Aget product guide 15887 7/10 Idexed Survivor Uiversal Life is a flexible premium survivor uiversal life isurace policy with a idex-liked iterest creditig feature. Buildig

More information

Basic Current Account

Basic Current Account Curret Accouts Basic Curret Accout Applicatio form Please fill i the form usig BLOCK CAPITALS ad black ik. Tick ay boxes which apply. Satader is able to provide literature i alterative formats. The formats

More information

Investing in Stocks WHAT ARE THE DIFFERENT CLASSIFICATIONS OF STOCKS? WHY INVEST IN STOCKS? CAN YOU LOSE MONEY?

Investing in Stocks WHAT ARE THE DIFFERENT CLASSIFICATIONS OF STOCKS? WHY INVEST IN STOCKS? CAN YOU LOSE MONEY? Ivestig i Stocks Ivestig i Stocks Busiesses sell shares of stock to ivestors as a way to raise moey to fiace expasio, pay off debt ad provide operatig capital. Ecoomic coditios: Employmet, iflatio, ivetory

More information

Direct Online Mortgage application

Direct Online Mortgage application Virgi Moey plc Direct Olie Mortgage applicatio Welcome to Virgi Moey plc. Thak you for choosig a mortgage with us. I this applicatio form, refereces to we, us ad our are refereces to Virgi Moey plc ad

More information

Simple Annuities Present Value.

Simple Annuities Present Value. Simple Auities Preset Value. OBJECTIVES (i) To uderstad the uderlyig priciple of a preset value auity. (ii) To use a CASIO CFX-9850GB PLUS to efficietly compute values associated with preset value auities.

More information

Online Banking. Internet of Things

Online Banking. Internet of Things Olie Bakig & The Iteret of Thigs Our icreasigly iteretcoected future will mea better bakig ad added security resposibilities for all of us. FROM DESKTOPS TO SMARTWATCHS Just a few years ago, Americas coducted

More information

New job at the Japanese company, would like to know about the health insurance. What's the process to apply for the insurance?

New job at the Japanese company, would like to know about the health insurance. What's the process to apply for the insurance? Cabiet ねん かせんぶ ねん しゅが かせんぶ じてん しゅうせい 8-4-2 (2008 年 下 線 部 &2009 年 朱 書 き 下 線 部 時 点 修 正 ) Level 3 Chapter Illess Sectio Public health isurace Cotets Health isurace 1 Possible questio ad backgroud. New job

More information

Time Value of Money. First some technical stuff. HP10B II users

Time Value of Money. First some technical stuff. HP10B II users Time Value of Moey Basis for the course Power of compoud iterest $3,600 each year ito a 401(k) pla yields $2,390,000 i 40 years First some techical stuff You will use your fiacial calculator i every sigle

More information

RISK TRANSFER FOR DESIGN-BUILD TEAMS

RISK TRANSFER FOR DESIGN-BUILD TEAMS WILLIS CONSTRUCTION PRACTICE I-BEAM Jauary 2010 www.willis.com RISK TRANSFER FOR DESIGN-BUILD TEAMS Desig-builD work is icreasig each quarter. cosequetly, we are fieldig more iquiries from cliets regardig

More information

Comparing Credit Card Finance Charges

Comparing Credit Card Finance Charges Comparig Credit Card Fiace Charges Comparig Credit Card Fiace Charges Decidig if a particular credit card is right for you ivolves uderstadig what it costs ad what it offers you i retur. To determie how

More information

Pre-Suit Collection Strategies

Pre-Suit Collection Strategies Pre-Suit Collectio Strategies Writte by Charles PT Phoeix How to Decide Whether to Pursue Collectio Calculatig the Value of Collectio As with ay busiess litigatio, all factors associated with the process

More information

Introducing Your New Wells Fargo Trust and Investment Statement. Your Account Information Simply Stated.

Introducing Your New Wells Fargo Trust and Investment Statement. Your Account Information Simply Stated. Itroducig Your New Wells Fargo Trust ad Ivestmet Statemet. Your Accout Iformatio Simply Stated. We are pleased to itroduce your ew easy-to-read statemet. It provides a overview of your accout ad a complete

More information

5/gallon. Earn. Then save. Cash Management. Control. Must Apply by 6/30/16. Save 25 /gallon on fuel purchases for the first 2 billing periods * ; then

5/gallon. Earn. Then save. Cash Management. Control. Must Apply by 6/30/16. Save 25 /gallon on fuel purchases for the first 2 billing periods * ; then Ear The save 25/gallo for the first 2 billig periods o fuel purchases with the ExxoMobil Busiess Card. * No miimum purchase requiremets ad o maximum savigs cap. Limited-time offer. Must apply by 6/30/16.

More information

FI A CIAL MATHEMATICS

FI A CIAL MATHEMATICS CHAPTER 7 FI A CIAL MATHEMATICS Page Cotets 7.1 Compoud Value 117 7.2 Compoud Value of a Auity 118 7.3 Sikig Fuds 119 7.4 Preset Value 122 7.5 Preset Value of a Auity 122 7.6 Term Loas ad Amortizatio 123

More information

Income from property

Income from property 2 Icome from property this chapter covers... I this chapter we will examie how icome from reted UK property is taxed. We will start by examiig what exactly is covered by the rules that we eed to lear,

More information

1. C. The formula for the confidence interval for a population mean is: x t, which was

1. C. The formula for the confidence interval for a population mean is: x t, which was s 1. C. The formula for the cofidece iterval for a populatio mea is: x t, which was based o the sample Mea. So, x is guarateed to be i the iterval you form.. D. Use the rule : p-value

More information

INVESTMENT PERFORMANCE COUNCIL (IPC)

INVESTMENT PERFORMANCE COUNCIL (IPC) INVESTMENT PEFOMANCE COUNCIL (IPC) INVITATION TO COMMENT: Global Ivestmet Performace Stadards (GIPS ) Guidace Statemet o Calculatio Methodology The Associatio for Ivestmet Maagemet ad esearch (AIM) seeks

More information

GCSE STATISTICS. 4) How to calculate the range: The difference between the biggest number and the smallest number.

GCSE STATISTICS. 4) How to calculate the range: The difference between the biggest number and the smallest number. GCSE STATISTICS You should kow: 1) How to draw a frequecy diagram: e.g. NUMBER TALLY FREQUENCY 1 3 5 ) How to draw a bar chart, a pictogram, ad a pie chart. 3) How to use averages: a) Mea - add up all

More information

WHAT IS YOUR PRIORITY?

WHAT IS YOUR PRIORITY? MOVE AHEAD The uderlyig priciples of soud ivestmet should ot alter from decade to decade, but the applicatio of these priciples must be adapted to sigificat chages i the fiacial mechaisms ad climate. BENJAMIN

More information

APPLICATION FORM. Henderson Investment Funds. Valid from 11 May 2015. SECTION 1 About yourself

APPLICATION FORM. Henderson Investment Funds. Valid from 11 May 2015. SECTION 1 About yourself Hederso Ivestmet Fuds APPLICATION FORM Valid from 11 May 2015 You should use this form if you wish to ivest i the Hederso Ivestmet Fuds rage. Further iformatio is cotaied i the Prospectus, the Additioal

More information

Confidence Intervals. CI for a population mean (σ is known and n > 30 or the variable is normally distributed in the.

Confidence Intervals. CI for a population mean (σ is known and n > 30 or the variable is normally distributed in the. Cofidece Itervals A cofidece iterval is a iterval whose purpose is to estimate a parameter (a umber that could, i theory, be calculated from the populatio, if measuremets were available for the whole populatio).

More information

TO: Users of the ACTEX Review Seminar on DVD for SOA Exam FM/CAS Exam 2

TO: Users of the ACTEX Review Seminar on DVD for SOA Exam FM/CAS Exam 2 TO: Users of the ACTEX Review Semiar o DVD for SOA Exam FM/CAS Exam FROM: Richard L. (Dick) Lodo, FSA Dear Studets, Thak you for purchasig the DVD recordig of the ACTEX Review Semiar for SOA Exam FM (CAS

More information

e-trader user guide Introduction

e-trader user guide Introduction User guide e-trader user guide Itroductio At UK Geeral our aim is to provide you with the best possible propositio for you ad your customers. We believe i offerig brokers a choice of how they trade with

More information

Present Value Tax Expenditure Estimate of Tax Assistance for Retirement Saving

Present Value Tax Expenditure Estimate of Tax Assistance for Retirement Saving Preset Value Tax Expediture Estimate of Tax Assistace for Retiremet Savig Tax Policy Brach Departmet of Fiace Jue 30, 1998 2 Preset Value Tax Expediture Estimate of Tax Assistace for Retiremet Savig This

More information

Your guide to the Prepaid Funeral Plan 2016

Your guide to the Prepaid Funeral Plan 2016 Your guide to the Prepaid Fueral Pla 2016 I am ow i the happy positio of ot havig to worry, or ideed thik about, my fueral at all. I feel quite secure that my wishes will be followed while still leavig

More information

Domain 1: Designing a SQL Server Instance and a Database Solution

Domain 1: Designing a SQL Server Instance and a Database Solution Maual SQL Server 2008 Desig, Optimize ad Maitai (70-450) 1-800-418-6789 Domai 1: Desigig a SQL Server Istace ad a Database Solutio Desigig for CPU, Memory ad Storage Capacity Requiremets Whe desigig a

More information

PAYG instalments how to complete your activity statement

PAYG instalments how to complete your activity statement Istructios for busiesses ad ivestors PAYG istalmets how to complete your activity statemet For more iformatio visit www.ato.gov.au NAT 7393-11.2012 Our commitmet to you We are committed to providig you

More information

TIAA-CREF WEALTH MANAGEMENT A HIGHLY PERSONALIZED, SOPHISTICATED SERVICE DESIGNED TO MATCH ONE OBJECTIVE: YOURS

TIAA-CREF WEALTH MANAGEMENT A HIGHLY PERSONALIZED, SOPHISTICATED SERVICE DESIGNED TO MATCH ONE OBJECTIVE: YOURS TIAA-CREF WEALTH MANAGEMENT A HIGHLY PERSONALIZED, SOPHISTICATED SERVICE DESIGNED TO MATCH ONE OBJECTIVE: YOURS TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD. OUR HISTORY We are TIAA-CREF. A full-service

More information

Learning objectives. Duc K. Nguyen - Corporate Finance 21/10/2014

Learning objectives. Duc K. Nguyen - Corporate Finance 21/10/2014 1 Lecture 3 Time Value of Moey ad Project Valuatio The timelie Three rules of time travels NPV of a stream of cash flows Perpetuities, auities ad other special cases Learig objectives 2 Uderstad the time-value

More information

Professional Networking

Professional Networking Professioal Networkig 1. Lear from people who ve bee where you are. Oe of your best resources for etworkig is alumi from your school. They ve take the classes you have take, they have bee o the job market

More information

FIRST AID AT WORK. What is First Aid? Why is First Aid Important? What the law says. Benefits of First Aid WSPS.CA

FIRST AID AT WORK. What is First Aid? Why is First Aid Important? What the law says. Benefits of First Aid WSPS.CA FIRST AID AT WORK What is First Aid? First aid is the immediate care give to a perso who is ijured or who suddely becomes ill. It ca rage from cleaig a cut ad applyig a badage to helpig someoe who is chokig

More information

BCP ABSOLUTE RETURN BOND 16

BCP ABSOLUTE RETURN BOND 16 AVAILABLE TO INVESTMENT PENSION ARF/AMRF INVESTORS BCP ABSOLUTE A CAPITAL SECURE, ACTIVELY MANAGED, ABSOLUTE RETURN BOND THAT AIMS TO ACHIEVE CONSISTENT, POSITIVE RETURNS Uderlyig Fud has a exceptioal

More information