My Basket0

Personal Taxation (R03)

The default Enrolment option for this unit includes:

(1) 12-month access to the latest study material, in digital format only, delivered on RevisionMate. This includes, the study text, plus revision aids: Key Facts Booklet, Audio Revision, Knowledge Checker, E-learn.

(2) Assessment entry – this includes an exam voucher that is valid for 18 months.

 

Access to digital study material as part of your Enrolment

You will have access to your digital study material on RevisionMate for 12 months from the date of purchase. If a new edition of the study material is released during this period, you will automatically receive access to the material on RevisionMate and will be notified via email.

Study material currently available on RevisionMate

2025–26 edition (applicable to exams sat 01 September 2025 to 31 August 2026)

2024–25 edition (applicable to exams sat 01 September 2024 to 31 August 2025)

A new edition of the study text is usually available in July every year.

Course delivery via RevisionMate

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer.

Printed study text

If you have chosen the ‘Digital and print’ option when purchasing your Enrolment, you will receive the latest edition of the printed study text (2025–26, which will be available by 31 July). This is in addition to the digital material on RevisionMate.

If the next edition (2026–27) is released during your 12-month enrolment, you will automatically receive access to the digital copy on RevisionMate. You can contact Customer Service to also receive a printed study text.

The default Enrolment option for this unit includes:

(1) 12-month access to the latest study material, in digital format only, delivered on RevisionMate. This includes, the study text, plus revision aids: Key Facts Booklet, Audio Revision, Knowledge Checker, E-learn.

(2) Assessment entry – this includes an exam voucher that is valid for 18 months.

 

Access to digital study material as part of your Enrolment

You will have access to your digital study material on RevisionMate for 12 months from the date of purchase. If a new edition of the study material is released during this period, you will automatically receive access to the material on RevisionMate and will be notified via email.

Study material currently available on RevisionMate

2025–26 edition (applicable to exams sat 01 September 2025 to 31 August 2026)

2024–25 edition (applicable to exams sat 01 September 2024 to 31 August 2025)

A new edition of the study text is usually available in July every year.

Course delivery via RevisionMate

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer.

Printed study text

If you have chosen the ‘Digital and print’ option when purchasing your Enrolment, you will receive the latest edition of the printed study text (2025–26, which will be available by 31 July). This is in addition to the digital material on RevisionMate.

If the next edition (2026–27) is released during your 12-month enrolment, you will automatically receive access to the digital copy on RevisionMate. You can contact Customer Service to also receive a printed study text.

Personal Taxation (R03) develops your knowledge and understanding of the UK taxation system, and the ability to analyse the taxation treatment of individuals and trusts during the investment advice process.

Tax can make a substantial difference to the returns on savings, investments and many business transactions. Paying more tax than necessary can make all the difference as to whether an investment is worthwhile or whether it should be avoided. A general knowledge of tax is important for all financial advisers, especially:

  • The ability to calculate the tax liability on the total of an individual’s income and gains from all sources, taking into account allowances and deductions. This will tell you what rate of tax an individual will pay on the income and chargeable gains from any investments you recommend.
  • Knowledge of the rules for taxing the income and gains from the main types of investment.
  • An understanding of inheritance tax (IHT) in order to advise clients on reducing the impact of tax on the estate they pass on to their heirs.

We start by looking at the UK tax system as relevant to the needs and circumstances of individuals and trusts. We then look at the taxation of investments as relevant to the needs and circumstances of individuals and trusts and the role and relevance of tax in the financial affairs of individuals and trusts. Finally, we look at how to apply the knowledge of personal taxation to the provision of investment advice. 

Building a successful career in personal finance

Personal Taxation (R03) is a core unit for the Diploma in Regulated Financial Planning which meets the FCA’s qualification requirements for retail investment advisers. This unit is relevant for paraplanners, technical consultants and those in financial planning support roles. It is also relevant for those seeking additional CII credits towards completion of the Diploma in Financial Planning. those who do not hold additional CII credits counting towards completion of the Diploma in Financial Planning.

Purpose

At the end of this unit, candidates will have investigated the:

  • basic structure of the UK tax system;
  • main taxes on income and capital that may be charged on individuals and trusts, the self assessment system and how tax liabilities are computed;
  • taxation of investments as relevant to the needs and circumstances of individuals and trusts.

Assessment

  • 1 hour exam
  • 50 multiple choice questions
  • The standard pass mark is 65% (for more information on standard pass marks please see here)
  • The 2024 pass rate for this unit was 60.1%

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units

Revision aids available

The revision aids available for this unit are listed below. Find out more details.

  • Revision Extra
  • Key Facts Booklet
  • Audio Revision
  • Knowledge Checker
  • E-learn 

Note for purchasing revision aids: please make sure you do not already have the revision aid(s) as part of any Enrolment plus purchase.   

We are sorry but this item is not currently available. You can also try changing your chosen country/region under 'select country' to see if this affects visibility of the product.
Edition Preferences:
Language Preferences:
Enrolment Preferences:
Format Preferences:
  • Members: {{selectedFormat.Product.DisplayPriceMember}}
  • Non-members: {{selectedFormat.Product.DisplayPriceNonMember}}

The following products are also available for your unit:

{{prod.Description}}

Format: {{prod.Format}}

Edition: {{prod.Edition}}

  • Members: {{prod.DisplayPriceMember}}
  • Non-members: {{prod.DisplayPriceNonMember}}