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Categories
Monthly Archives: October 2020
The role of your child’s guardian
Choosing a guardian for your children is a huge decision to make and takes careful consideration. If you have minor children, it is always advisable to nominate a guardian in your will who will love and care for your children … Continue reading
Posted in Will
Tagged Children’s Act, financial planning, legal guardian
Comments Off on The role of your child’s guardian
Choose your trustees carefully
Many people who agree to take on the role of trustee are not fully aware of their duties and obligations, nor the extent to which they can personally be held liable. When setting up your trust, whether through a trust … Continue reading
Posted in Trusts
Tagged inter vivos trust, testamentary trust, Trustees
Comments Off on Choose your trustees carefully
Exemption of foreign pensions in South Africa
Although there has been an increasing trend in recent times of emigrations from South Africa, there are many projects by the Department of Home Affairs to market South Africa as a friendly retirement destination for foreigners. The question, therefore, often … Continue reading
Posted in Tax
Tagged Department of Home Affairs, Income Tax Act, SARS
Comments Off on Exemption of foreign pensions in South Africa
Beware of scams during filing season
In late August 2020, a large credit bureau in South Africa was the target of a data breach where millions of private individual and company data records were compromised. This data leakage, coupled with the tax filing season, makes for the perfect opportunity for taxpayers’ information to be abused, subjecting taxpayers to potential financial loss. Scammers thrive on the inherent vulnerability … Continue reading