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Tax

The estate planning benefit of retirement funds

The estate planning benefit of retirement funds

Retirement Funds are well understood for the income tax benefit in that contributions to retirement funds are tax deductible based on 27.5% of a person’s taxable income, capped on R 350 000 per annum.  Often overlooked is the estate planning benefit

mw@dmin January 23, 2020January 23, 2020 Retirement, Tax Read more

Volatility provides opportunities

Volatility provides opportunities

You had to feel a little sorry for our newest finance minister when he presented the recent mini-budget.  Stuck between “a rock and a hard place” with no room to manoeuvre.  SA has literally hit its fiscal cliff with the

mw@dmin November 9, 2017November 9, 2017 Market behaviour, Market Drivers, Personal Finances, Tax Read more

2017 Budget – Striking a very delicate balance

2017 Budget – Striking a very delicate balance

Several years back I wrote an article titled “Lekker by die See, maar duur by die See”, which translated means “Nice by the Sea, but expensive by the Sea”.  The gist of the article was the prospect of future higher

mw@dmin March 2, 2017March 2, 2017 Tax Read more

Interest-free loans to trusts can have positive spin-offs

Interest-free loans to trusts can have positive spin-offs

The recent Tax Law Amendment Bill included amongst others, changes to the taxation of zero interest and / or low interest loans to trusts, which will come into effect on 1 March 2017.   Zero interest loans and / or loans

mw@dmin February 2, 2017February 2, 2017 Estate Planning, Personal Finances, Tax Read more

Davis Tax Committee’s second Report on Estate Duty a major improvement

Davis Tax Committee’s second Report on Estate Duty a major improvement

After scoring a consensus 3 out of 10 for the 1st report, the Davis Tax Committee has delivered what I consider to be a vastly improved 2nd report, which I will touch on very briefly in this article.   The key

mw@dmin September 8, 2016September 23, 2016 Estate Planning, Tax Read more

Tax the Rich

Tax the Rich

Reading the 1st interim report on estate duty by The Davis Tax Committee (DTC) reminds me of the joke re: a new simplified tax form with only two lines: How much money did you make? Send it to us! Judge

mw@dmin September 10, 2015October 25, 2016 Personal Finances, Tax Read more

Tax Free Savings Accounts (TFSA)

Tax Free Savings Accounts (TFSA)

Now that the hype and fanfare has died down a bit, I would like to discuss tax free fee savings accounts (TFSA), which were introduced 1 March of this year.  TFSA allow taxpayers the opportunity to save R 30 000

mw@dmin July 10, 2014October 27, 2016 Personal Finances, Tax Read more

Avoid Tax Legally

Avoid Tax Legally

The current rules governing the taxation of retirement funds provides for a legal tax avoidance scheme for the very wealthy to consider.  This is why: Retirement funds pay no tax; that is no income, capital gain or dividend tax Non-tax

mw@dmin July 10, 2014October 27, 2016 Retirement, Tax Read more

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