Tax 

Chartered Insurance Institute testing to proceed as planned

Chartered Insurance Institute testing to proceed as planned

The Chartered Insurance Institute has confirmed it will proceed with its scheduled qualification testing periods, despite changes to when the government will announce new financial policy.

The CII was responding to Chancellor’s announcement, made in the 2016 Autumn Statement, that following the Spring 2017 Budget all future Budgets will be delivered in the autumn of each year.

The CII had reviewed whether this would affect its exam and learning timetables. But it has now stated the timing of when its learning materials will be available will be unaffected.

Students will be able to access current assessment and course materials, including information for the latest tax year, from July.

In the event of changes to the tax system, qualification updates will be provided, including information on when the changes will be tested.

Jason Witcombe, director of Evolve Financial Planning, said: “I have every faith in the CII to make sure all exam sitters are given a clear brief as to what the tax rates are, and any other information they require ahead of their exams. I’m sure the institute will ensure sitters receive clear advice and ample warning of any changes in a timely fashion.” 

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