Not logged in?
Login / create an account to access free content on the Careers Zone.

CAREERS ZONE

J05 Study Plan (February Sitting)

Exam Information

The J05 Pension Income options unit is a level 4 exam suitable for paraplanners, technical consultants and those supporting financial planning processes. It also helps increase pensions knowledge for any candidate looking to also sit the advanced AF7 Pension Transfers or AF8 Retirement Income Planning. J05 focusses on developing knowledge and understanding of pension crystallisation and the drawing of income via various options.

Exam sitting:

This exam can be taken on two set dates throughout the year, usually in February/March and September.

Suggested J05 Study Plan

This study plan is based on 100 hours of study time over an 12 week period. The CII recommendation is 100 hours of study time, however this is only an indication of how long you will need. You may take more or less time than this depending on your prior knowledge and experience, and work/study/home commitments.

ASAP

Join the BTS J05 forum

Our student-led forums are a space for you to chat to other candidates about all things study and exam.

Click on the ‘BTS Forums’ in the menu on the left and check out the J05 forum.

ASAP
End of November / beginning of December

Self-study period - Starting approx. 12 weeks prior to the exam

Passing J05 needs a very focused approach when it comes to your study plan. This is a challenging exam with a narrow syllabus, which means your knowledge levels and ability to apply this knowledge to short answer questions needs to be good. Last minute cramming will generally not result in an exam pass – a ‘little and often’ approach is recommended, as always with any advanced exam.

Start by working through the BTS study guide covering the full exam syllabus and guidance on the necessary exam question answering techniques.

We have provided a week by week study timetable for you to follow and keep you on track.

End of November / beginning of December
Remember

The J05 exam comprises 15 short answer questions worth a total of 130 marks. You will not see any of these questions before your exam day, so ensure that you factor in plenty of past paper practise to your exam preparations.

Remember
End of January

Practise mock exam questions

Practise as many exam-standard questions as you can before the real thing. It is good practice to start attempting mock exam questions when you are around two-thirds of the way through the study guide. Use them to review your weaker areas and target your revision.

Complete the paper in exam conditions then self-mark using the examiner’s report. BTS recommend you self-mark by applying the examiner’s comments to the letter, only awarding yourself a mark if it is clearly there.

The examiner’s report is a useful document to study as it contains information on candidate performance in previous sittings including common mistakes. Completing as many past papers as you can will allow you to build up a picture of regularly asked question types, examiner favourites, and common pitfalls.

You can access free past papers from the CII website on the J05 pages – they call them ‘Examination Guides’. The most recent ones are also available in the useful downloads section at the top of this page.

 

End of January
Monday 24th February 2025

Exam booking deadline

Have you booked your exam? If not, this date is the final day that you are able to do so.

Monday 24th February 2025
Tuesday 11th March 2025

Sit your exam - Good luck!

Tuesday 11th March 2025
Friday 9th May 2025

Results day

Friday 9th May 2025

Week by week study timetable

Click on the plus sign to discover more helpful tips on where to focus your study time.

Are you ready to get going with your J05 studies?

Understanding the best way for you to study will help you plan when and where to study and how to make the most of your time.

Use this week to order your study guide, join the J05 Forum and plan your own personal study plan. Once you have your study guide, use this week to ready through the welcome pages.

You will then be ready to kick start your J05 studies with Chapter 1 from next week (or sooner if you are chomping at the bit!).

Beginning of December...

Time to open up the BTS study guide and dive into Chapter 1 - HMRC and retirement rules. In this chapter we'll look at what a pension is, building up a pension, allowances, rules around age, health, when an individual can take their pension, who they can leave it to, pension triviality and pensions and divorce. 

It's quite a meaty opening chapter!

Time to tackle Chapter 2 - Secured income options.

Having covered HMRC rules, specifically those around pension simplification and retirement, this next
chapter starts to look at flexible pension options.

We'll introduce flexible pension benefits, then look at scheme pension options, lifetime annuities and then a comparison of the two.

Do think about how best to plan your studies with the festive break looming. How much study will you be able to achieve during this time and do you need to factor this in to the weeks either side of Christmas?

Chapter 3, delving into unsecured income options.

Time to look at drawdown options, UFLPS, taxation, pension trusts and giving advice on flexible pension options.

Let's be realistic here, you are unlikely to be studying on Christmas Day and in some cases, over the festive period. Do factor this time into your studies though. An hour here or there will really help but if that isn't possible - ensure you have a plan in place to catch up.

In Chapter 4, we'll introduce what phasing retirement benefits is all about, consider the options available and whether phasing is suitable or not for different client types.

Time to hit the ground running in the first week of the new year. Are you on track? Let's look at what we'll be covering this week...

Chapter 5 focuses on the State Pension. You'll look at it's history and it's complexities as well as where we are today. Then, what DWP benefits are available and what are the rules?

Chapter 6 - This chapter is split into two sections.

  1. FCA rules specifically COBS and particularly in relation to pensions advice
  2. Regulatory protection - more about rules but the focus being about keeping members and clients safe when it comes to their retirement planning

 

You have an extra week here, which can be used to catch up on anything you still need to cover or go over beyond that of chapter 7.

This next chapter follow the advice process right from your fact find, to assessing the client's needs, considering the pension income options available to them, how to utilise other assets and of course review in the future.

 

End of January...

By this stage you should have completed your initial study of the J05 study guide. Now is the time to start applying what you have learnt to mock exam questions.

You can access free past papers from the CII website on the J05 pages - they call them 'Examination Guides'. The most recent ones are also available in the useful downloads section at the top of this page.

 

Good luck!

J05 Study plan overview

The BTS approach to passing J05

This J05 study plan has been designed by the team at BTS. 

Our highly-qualified and experienced team sit the Chartered Insurance Institute (CII) Level 4 and Level 6 exams annually. This helps to ensure that the materials we produce areas up to date and ‘exam style’ as possible for our customers.  

Study

Work through the BTS study guide

What is the aim of this guide?
As you read each chapter of the guide you will gradually work through the J05 syllabus and practise the necessary exam question answering techniques, using:

Available in a choice of printed or digital format from the BTS shop.

Exam Sitting

Exam bookings are made directly with the CII.

Before booking an exam, candidates must purchase the unit from the CII website.

There is an option to purchase ‘assessment only’ which means just the exam sitting. This allows candidates to purchase study materials elsewhere, e.g. BTS.

Information and  guidance on booking and sitting your exam can be found in our Exam FAQs:

To view Careers Zone Content, Please sign in or Register

Sign in to Careers Zone

Register for Careers Zone