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APS, Trusts & C&C

Total questions: 13

Worksheet time: 5mins

Name
Class
Date
1.

What does APS stand for?

a)

Additional Personal Subscription

b)

Added Permitted Subscription

c)

Additional Permitted Subscription

d)

Additional Permitted Support

2.

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

a)

1 year

b)

3 years

c)

5 years

d)

Unlimited time

3.

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

a)

£0

b)

£59k

c)

£20k

d)

£58k

4.

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

a)

Unlimited

b)

2

c)

5

d)

1

5.

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

a)

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

b)

Legacy ISA App Form, TAF, APS Paying in Form

c)

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

d)

APS TAF, APS Paying in Form

6.

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

a)

1

b)

2

c)

4

d)

Unlimited

7.

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

a)

By Cheque in the name of the Club or Charity

b)

Faster Payment in the Trustees name

c)

None

d)

Cheque in the Trustees name

8.

Who can vote in the AGM?

a)

Beneficiary

b)

Trustee

c)

Settler

d)

Solicitor

9.

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

a)

A Discretionary Trust

b)

A Non-Discretionary Trust

10.

Who can't open a Clubs and Charities account?

a)

Clubs

b)

Limited Companies

c)

Charities

d)

Unincorporated Bodies

11.

Who can view a trust account online?

a)

Beneficiary

b)

Trustee

c)

Both

d)

Nobody

12.

What account can a Club or Charity open?

a)

Community Bond

b)

Community Saver

c)

Community ISA

d)

Community Access

13.

Who is the CEO of the Money at SBS?

a)

Tom Girling

b)

Charlotte Harrison

c)

Jaz Gakhal

d)

Kenny Stewart