Life assurance and your estate

by | Mar 20, 2017 | estate planning

A life assurance policy is an essential part of an estate plan. In the event of your death, your dependents will be taken care of, especially if your estate is low in liquid cash. These kind of policies do not form part of your estate and will be paid directly to the...

Investing basics and terms

by | Mar 20, 2017 | investments

Part of managing your estate for long term growth and profitability involves you investing your money into different investment types. This video will give you a brief overview into the different types of investments you can use in South Africa. Remember this is not a...

What are the tax implications of dying?

by | Mar 20, 2017 | tax planning

The following taxes and costs would be applied to your estate. Capital Gains Tax (CGT) Income Tax Estate Duty Funeral Costs Executor Fees Master of the High Court Fees Newspaper adverts Bank charges Asset Valuation fees Mortgage cancellation fees Property transfer...

More about cgt and estate duty

by | Mar 20, 2017 | tax planning

Capital gains tax (CGT) is not a separate tax but forms part of income tax. A capital gain arises when you dispose of an asset on or after 1 October 2001 for proceeds that exceed its base cost. The relevant legislation is contained in the Eighth Schedule to the Income...

Death and taxes

by | Mar 20, 2017 | tax planning

There are 4 general taxes applicable to estate planning. These are Income tax (tax payable by the deceased, the estate or beneficiaries) Individual income tax (otherwise known as Personal income tax) rates in South Africa range from 18% (for income below R188,000 p.a)...