The purpose of retirement funds is to save for retirement, but when members die prior to retirement, the purpose changes to provision for those who were dependent on the member at the time of their death.
45% tax is real: Time to be tax efficient
The Davis Tax Committee will review the estate duty system this year, which could mean substantial changes are in the making. Professor Lester, a member of the committee, looks at some of the issues taxpayers should consider when devising an estate plan.
Other than the obvious merits of providing an income in retirement, retirement annuities are also one of the most tax efficient investments available.
We all know the basics of wills – why they are important, who should draft them and what can happen if you don’t have one. But what actually happens when the estate has to be administered?
It is important for retirement fund members to understand what happens to their retirement benefits when they die to reduce any potential burden on their dependants and/or beneficiaries.
A client’s marital status and marital property regime impact on almost every aspect of his or her estate and financial planning.
Points to consider why it is important to have a will for your offshore assets.
Matthew Lester discusses National Treasury’s outlook for South Africa and a basic philosophy to deal with challenges facing investment, retirement and estate planning.
Exploring the various reasons why your will should be regularly reviewed.