Archive | Estate Planning

Estate Planning: Get the details right!

Whilst it is good and proper that we should enjoy life and make the most of every opportunity that life presents us with, it is also a fact of life that the mortality rate for all of us is still at 100%. Getting your affairs in order before you die, or otherwise referred to as […]

Offshore Estate Planning

In recent years, many South Africans have availed themselves of the opportunity to diversify a portion of their investment portfolio offshore. With political uncertainty and tough local economic headwinds, this offshore investment exposure has become rather significant for those South Africans with any sort of significant wealth. With offshore asset diversification comes a whole new […]

The Long Arm of SARS

Special mention was made of the Special Voluntary Disclosure Programme (SVDP) or amnesty v3 in the 2017 budget speech. Pravin Gordhan mentioned that to date SARS has received applications totaling R3,8bn in assets which will yield revenues of about R600m. He also waxed lyrical about the automatic exchange of information between tax authorities around the […]

Personal Retirement Strategies – 2

We continue our discussion around key questions that retirees should be asking themselves and what strategies they should be adopting. How can I potentially grow my assets during retirement? Retirees must continue to view themselves as long term investors. Retirement now is likely to last far longer than pre-ceding generations. This means that a significant […]

Budget Predictions for the 22nd

On the 22nd February 2017, Pravin Gordhan will be presenting his 2nd budget in his 2nd stint as Finance Minister. Time will tell as to whether it will his swansong budget speech, hopefully recent reports of renewed shenanigans within the government come to naught. It is no secret that to appease the rating agencies, who […]

Making Your Financial New Year’s Resolutions Stick

A new year inevitably arrives full of hope and promise, and so it should! There are well intentioned resolutions that lead to a promise of better things to come. Whether it’s to lose weight, achieve a certain level of fitness, or reduce debt, it’s always a long ask for most people. Many resolutions hardly make […]

Trusts: The Long and Winding Road

We have known for quite a while that government is not at all fond of trusts and the manner in which they allow wealth to be efficiently transferred from one generation to the next. This dislike has manifested itself in a number of ways. Trusts are taxed at a flat rate equivalent to the top […]

A Testing Time for Trusts

On the 8th July 2016 National Treasury released the much anticipated Taxation Laws Amendment Bill (TLAB). Finance Minister Pravin Gordhan in his February budget speech had made some pretty scary remarks about where he wanted legislation to go as pertaining to trusts. The TLAB gives us a window as to exactly where that legislation is […]