R03 - Exam

Credit-Crunched

Hi,

Has anyone sat the CII R03 exam?

I have it in 3 weeks and I am struggling with the txt.

I have R01 and R06 but this one seems much tougher and only 1 hour to do it in.

Any hints or tips would be much appreciated.

Regards

Aegis

Haven't sat that one, but I did sit J01 a while back, so feel free to PM me if you have any specific questions that might come up.

I obviously can't tell you how to learn, but I might be able to explain a couple of things here and there.

Credit-Crunched

'Dave is about to make a donation of £2,000 to charity. In the tax year 2010/11 his income
is £60,000. What is the gross value of the gift to the charity if Peter makes a gift aid
declaration in respect of the donation?'

Grossed up i make this 2,500 however the answer is 2,564.

Can you explain this please.

cheers

Please ignore my stupidity, the question is for last tax year with the transitional 22% taxation in place 2,000 / 0.78 = 2,564

Credit-Crunched

'Dave is about to make a donation of £2,000 to charity. In the tax year 2010/11 his income
is £60,000. What is the gross value of the gift to the charity if Peter makes a gift aid
declaration in respect of the donation?'

Grossed up i make this 2,500 however the answer is 2,564.

Can you explain this please.

cheers

Aegis

I like questions that answer themselves before I get involved

Credit-Crunched

Aegis wrote: »

I like questions that answer themselves before I get involved

Wish they did for the exam?

Aegis you RDR sorted yet?

Aegis

Credit-Crunched wrote: »

Wish they did for the exam?

Aegis you RDR sorted yet?

Just need to do some CPD for pensions. Either that or I just need to sit a pension exam next year. Probably diploma and advanced diploma units at the same time to make life easier.

Credit-Crunched

Aegis wrote: »

Just need to do some CPD for pensions. Either that or I just need to sit a pension exam next year. Probably diploma and advanced diploma units at the same time to make life easier.

I have r03 and r02 to go then some gap fill for pensions

dunstonh

I did R03 last year. I found it quite easy for information but the 1 hour timescale was difficult. If you get a lot of calculations you may well run out of time. Most I have spoken too have found time tight on it (although not all but then they may not have had the same number of calc questions).

Credit-Crunched

dunstonh wrote: »

I did R03 last year. I found it quite easy for information but the 1 hour timescale was difficult. If you get a lot of calculations you may well run out of time. Most I have spoken too have found time tight on it (although not all but then they may not have had the same number of calc questions).

Cheers both, I have heard timing is key to this exam.

c0ver_p0int

I looking to do my JO1 (also RO1). Is anyone willing to pass on their study text for a small fee?
Thanks