Also known as The Commutation of Benefits, there are some big changes coming for retirement and provident fund holders. Essentially, these all relate to how the money is drawn (commuted) or re-invested.After being delayed by a year, the Taxation Laws Amendment Act is being put into place on 1 March 2016 (‘T-day’). The legislation changes […]

Many of my clients run their own businesses, employing staff and looking for ways to grow their business. In this busy way of life, it’s easy to overlook or lose track of changes in the legislative systems that affect employers.Here are some important legislative changes will be affecting all employers and retirement fund members from […]

For all our clients who have investment portfolios structured in trusts – both trustees and beneficiaries – the release of the Davis Tax Committee (DTC) first interim report on 13 July 2015 put forward some concerning proposals.However, I was extremely relieved to hear Professor Davis’ announcement that certain of the proposed amendments, as outlined in […]

Bank statements, municipal bills, phone bills, petrol slips, receipts, the list goes on. It’s that time of year again, when you have to forage through stacks of paper for everything that you need to fill in your tax return. Not everyone is great at admin… and there are piles of things to keep track of; […]

With the introduction of tax free savings accounts (TFSA), people have been wondering what sort of benefits they provide. So what are the main reasons to consider a TFSA?The first reason would be to replace the interest exemption in our tax laws. It was specifically stated that with the introduction of the TFSA, there would […]

WILL THE AWARD OF A BONUS EVER PLACE YOU IN A WORSE FINANCIAL POSITION? (Anthony Priday) At the end of the year it is customary in many businesses to award bonuses to their staff. Often, this is in the form of a 13th cheque, but this is not always the case. Either way, the bonus […]