Trustees take note! The 2024 Tax Season for trusts opens on 16 September this year and will close on 20 January 2025. During this time, all trusts – including dormant trusts – are required to submit income tax returns aligned with other SARS reporting requirements and accompanied by extensive supporting documents. With the delayed filing […]
How to Survive Trust Tax Season 2024 Read More »
Your will could be the most important document you ever sign. A recent court fight over a poorly-drafted joint will is a stark reminder to make sure that every word in it is correct. In a worst-case scenario, bad drafting will not only subject your loved ones to bitterly-contested litigation but can also put your
Sibling Showdown: How One Missing Word in a Will Divided a Family Read More »
Two new ‘pots’ have been added to SA’s retirement system from 1 September 2024. This allows South Africans to access a portion of their retirement savings before retirement, without having to resign their jobs and withdraw all their savings, as before. Beware, however! There can be significant immediate and long-term tax implications to dipping into
Beware the Taxman When Accessing Your Three-Pot Retirement Savings! Read More »
