APS, Trusts & C&C

What does APS stand for?

• Additional Personal Subscription

• Added Permitted Subscription

• Additional Permitted Subscription

• Additional Permitted Support

How long does a spouse have from the date of death to use their APS allowance?

• 1 year

• 3 years

• 5 years

• Unlimited time

Mr Smith has got 3 ISA’s, £12k at Natwest, £15k at Leeds and £32k at YBS, how much APS would his fiancee inherit

• £0

• £59k

• £20k

• £58k

How many times can an APS allowance be transferred into a Legacy ISA?

• Unlimited

• 2

• 5

• 1

What forms are needed for an APS transfer from another provider?

• Cash ISA App Form, APS TAF, APS Paying in Form

• Legacy ISA App Form, TAF, APS Paying in Form

• Legacy Cash ISA App Form, APS TAF, APS Paying in Form

• APS TAF, APS Paying in Form

How many trustees can be named on a Clubs and Charities account?

• 1

• 2

• 4

• Unlimited

Which way can you withdraw from a Clubs & Charites account over the phone

• By Cheque in the name of the Club or Charity

• Faster Payment in the Trustees name

• None

• Cheque in the Trustees name

Who can vote in the AGM?

• Beneficiary

• Trustee

• Settler

• Solicitor

The Settler's will states the trustee can decide who the funds will go to and when, this is known as a...

• A Discretionary Trust

• A Non-Discretionary Trust

Who can't open a Clubs and Charities account?

• Clubs

• Limited Companies

• Charities

• Unincorporated Bodies