One of the regular questions we get asked is does your AF3 study material cover both the R08 and J05 exam as well?

I’ll answer both questions for you.

But, let me tell you about the AF3 exam questions first. There are 3 questions and they are broadly split like this:
Q1 (80 marks): Transitional protection, contributions and TFC (M1-4)
Q2 (40 marks): CETV (M6)
Q3 (40 marks): Pension income drawdown (M5)

Broadly speaking, I’m expecting 30-40 marks in the AF3 exam on the topic of ‘pension income options’ (new pension flexibility rules).
Pension income options is J05. The J05 is a written exam of 2hrs with 15 questions which is fantastic preparation for 30-40 marks in AF3. It’s a no-brainer. Doing the J05 exam as preparation for the AF3 exam makes a lot of sense.

Our modules M2, M3, M4, M5 and M9 (from M1-10) cover the main areas in the J05 syllabus.
If you are already planning to study AF3, J05 makes a perfect study buddy (and sometimes give you tips on subjects coming up in AF3).

What about the R08 exam?
Well the pension update syllabus (R08 syllabus), covers the key changes to retirement options defined within ToPA2014, state pension changes from 2016 and reporting/taxation (essentially). In effect, it’s a lite version of J05 and examined in a different way [40 MCQs + 5 MCQ case study].

If you are going to be studying for AF3, R08 is a nice stepping stone along the way for 10 credits and is covered within your AF3 structured study plan, mainly within M5 and M9.

Studying for AF3 could be worth 60 credits (30 for AF3 exam, 20 for J05 exam and 10 for R08 exam), not just 30 on it’s own and all for the same study time in your diary.

Hope that helps answer that question.
I’ll be updating the R08 essential study notes as required as a result of next week’s budget, but also as a result of various confirmations from HMRC on issues like death benefits and such. As a member you get updates for 12 months to keep you up to speed with everything under ToPA2014 as it develops.

UPDATE for MEMBERS ONLY
Look out for your weekly email tomorrow.

We’ll be confirming the details and dates of our webinar series for all structured study plan members and telling you more about our quiz competition for July.
Look out for the July quiz competition – it’s going to be worth winning!

Are you waiting on the date for the next webinar? Can’t wait until tomorrow?
They are published. Here are the dates for the AF3 webinars

[box title=”2015/16 LIVE Q&A Webinar series” bg_image=”https://expertpensions.co.uk/wp-content/uploads/2014/11/pensions-divider40.png” bg_image_pos=”” align=”center” text_color=”#ffffff”][/box]

[box title=”Weekly webinar series from 2 July 2015″ bg_color=”#66cd00″ align=”center” text_color=”#ffffff”]This is a weekly series of LIVE tutorial teaching Q&A sessions hosted and delivered by John Reynolds. Every week we’ll cover the specific subject being studied as part of our structured study plan for AF3: it’s your chance to quiz John directly and ask any questions about your weekly studies. It’s LIVE, it’s topical and it’s another integral part of your structured study plan for the AF3 exam.

[button href=”http://gowoa.me/i/DMwZ” style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]2 July[/button] [button href=”http://gowoa.me/i/7ngx” style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]10 July [/button] [button href=”http://gowoa.me/i/Mh1″ style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]17 July[/button] [button href=”http://gowoa.me/i/CFsz” style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]24 July [/button] [button href=”http://gowoa.me/i/j6S” style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]31 July[/button] [button href=”http://gowoa.me/i/nhr” style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]14 August [/button] [button href=”http://gowoa.me/i/FVGv” style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]21 August[/button] [button href=”http://gowoa.me/i/FLbF” style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]28 August [/button] [button href=”http://gowoa.me/i/gnT” style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]11 Sept[/button] [button href=”http://gowoa.me/i/FfM” style=”flat” size=”medium” color=”#1081c4″ hovercolor=”#81d742″ textcolor=”#ffffff” texthovercolor=”#ffffff” icon=”chevron-right”]18 Sept [/button] [/box]