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AAFM CTEP Exam - Topic 3 Question 50 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 50
Topic #: 3
[All CTEP Questions]

There is no overall limit on how much a person can have invested in ISA accounts, but additional investments are currently limited to ________per person per year: a maximum of _________ in cash funds, with the balance being allocated either to mutual funds (Units Trusts and OEICs) or individual self-selected shares.

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Suggested Answer: C

by Lezlie at Sep 16, 2024, 07:39 AM

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Alona
3 months ago
Yeah, I agree with C, sounds accurate to me!
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Lera
4 months ago
Wait, are you sure about those numbers? Seems off.
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Joni
4 months ago
Definitely C, 11,520 and 57,605!
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Rodolfo
4 months ago
I thought it was 11,320, not sure about that!
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Joanne
4 months ago
It's 11,520 for cash funds, right?
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Virgie
5 months ago
I thought the cash limit was lower than 11,320, but I can't recall the exact number. This is tricky!
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Chandra
5 months ago
I’m not sure about the cash limit, but I remember the total investment limit being around 20,000.
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Alonzo
5 months ago
I feel like I practiced a question similar to this, but the numbers are fuzzy. Was it 11,520 for cash?
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Darci
5 months ago
I think the overall limit is something like 20,000, but I can't remember the exact figures for cash and investments.
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Bambi
5 months ago
This seems straightforward enough. The annual limit on cash investments is clearly stated, and the total limit across all ISA accounts is also provided. I'm confident I can select the right answer here.
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Meghan
5 months ago
I'm a bit confused by the wording here. Is the total limit per person per year, or is the cash limit per year with the rest allocated to other investments? I'll need to re-read this a few times to make sure I'm interpreting it correctly.
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Quentin
5 months ago
Okay, I think I've got this. The key is remembering the annual limit on cash investments and the total limit across all ISA accounts. Let me double-check the numbers in the options.
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Johnetta
5 months ago
Hmm, this looks like a tricky question about ISA investment limits. I'll need to carefully read through the details and options to make sure I understand the right answer.
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Gail
5 months ago
Ah, I see what they're asking now. The total limit is the important part, and the cash limit is just a sub-limit within that. I'll make sure to double-check the numbers in the options to get this right.
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Maile
5 months ago
I remember we discussed how the with statement helps with resource management in Python, but I'm not entirely sure about its impact on closing connections specifically with ncclient.
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Margo
1 year ago
I'm going with C. Who would even invest 57,650 in an ISA? That's just crazy talk, D is not happening.
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Bernadine
1 year ago
Haha, the limit is definitely not 11,250 for cash funds. That's way too low, D is out of the question.
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Marquetta
1 year ago
Yeah, D is definitely too low. C sounds more reasonable.
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Josue
1 year ago
I think it's C) 11,520; 57,605
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Omega
1 year ago
C) 11,520; 57,605
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Ryan
1 year ago
A) 11,320; 57,605
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Johnna
1 year ago
Wait, isn't the limit 11,520 for cash funds and 56,705 overall? I'm pretty sure that's the right answer, B.
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Theola
1 year ago
Thanks for confirming, I'll go with that answer then.
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Lou
1 year ago
Yes, that's correct. The answer is B) 11,520; 56,705.
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Misty
1 year ago
I think you're right, the limit for cash funds is 11,520 and the overall limit is 56,705.
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Na
1 year ago
I'm not sure, but I think D) 11,250; 57,650 could also be a possibility. It seems like a reasonable option too.
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Dorcas
2 years ago
I agree with Sheldon, C) 11,520; 57,605 makes sense because it allows for a good balance between cash funds and other investments.
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Vi
2 years ago
I think the answer is C, 11,520 for cash funds and 57,605 overall. Sounds about right to me.
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Gayla
1 year ago
That makes sense, thanks for clarifying!
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Aileen
1 year ago
I agree, the answer is C, 11,520 for cash funds and 57,605 overall.
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Sheldon
2 years ago
I think the answer is C) 11,520; 57,605.
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