IT IS common for business owners to take out a policy for the purpose of enabling a person to acquire a deceased person’s share in a business.
TURBULET MARKET aside, owning a home has never been more affordable or attractive. Defying the status quo and spurred on by the low interest rates, there’s currently a huge buzz around whether it is cheaper to buy or rent a home.
MONEY MATTERS and finances continue to be a widely talked-about subject. The pandemic has not only been onerous and taxing on everyone’s lives, but it has also created undue financial pressure on households globally.
AS WE approach yet another tax year-end, many South Africans are again thinking about ways to minimise their tax liabilities.
DESPITE THE inevitability of your death, the subject of what happens after you’re gone is all too often ignored. Rather than leaving matters to chance (or the courts), estate planning should be seen as a life-long responsibility of reviewing and adapting your plan to ever-changing circumstances.
IT IS no secret that many industries have been hit hard by the 2020 pandemic, with the rental industry being particularly vulnerable. As tenants’ income became unpredictable, many landlords were placed in the grey area between being understanding of changing economic circumstances and be-coming an accidental financier of their tenant’s homes.
Serious jail time on the cards for non-compliant taxpayers.
Many fund members face the prospect of not being able to afford their full contributions. Fortunately, funds may make appropriate provisions for reduced contributions, with the blessing of the FSCA and SARS.
SPEAK TO any individual taxpayer and tax practitioner these days, and no doubt ‘auto-assessments’ will feature in the conversation. Whilst many agree that the auto-assessment process is a good idea and there is appreciation of SARS’ intention to simplify tax compliance, there are mixed feelings regarding the implementation and practicality thereof.
WEALTH MANAGERS throughout the financial industry are often asked: “Is my money safe with you?” The answer has to be “yes”, and not just because the advisor says so. This assurance of safety must genuinely be the case. As an investor, there are ways of ensuring that you are dealing with a repu-table professional who operates according to the rules and with an ethical stance.
PERSONAL FINANCE is South Africa’s leading monthly investment strategy magazine aimed at individuals who are serious about saving money, securing their financial future, building wealth, and preserving it for future generations.
TAX BREAKS draws from the collective wisdom of the country’s leading tax experts, helping subscribers minimise their tax bills, understand their compliance obligations, structure their affairs in a tax-efficient manner, interact with SARS, and be kept on all the latest tax issues.