R06 April 2023
Just wondered if anyone is studying for R06 this month, the case studies are out. Wondered how you might be getting on.
I had a few thoughts, Nick and Shirin have set up a Discretionary Trust in their will for their children to inherit at 18, however I am not sure this is the most tax efficient solution as you potentially lose the RNRB unless trustees make an absolute gift within 2 years of death? Might as well just use a bare trust from the outset?
For Ken and Mary, it looks like Mary has not got a full state pension having been contracted out in her old NHS pension. With her state pension already in payment, is she still able to pay NIC3 to top it up, looks she might have until July 31st 2023?