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Breast cancer awareness for October.
Recent case law has clarified a grey area of ‘The Wills Act of 1953’, namely the position of surviving ex-spouses if a testator passes away less than three months after a divorce.
As a result of recent legislative changes, the tax structures some financial planners had set up solely to assist their clients avoid or defer donations tax and estate duty might no longer be effective. Section 7C of the Income Tax Act, introduced by the 2016 Taxation Laws Amendment Act, in particular, is already making the estate planning advisory work of financial planners more challenging.
October is Mental Health Awareness month in South Africa. According to the South African Depression and Anxiety Group (Sadag), one out of every four South African employees has been diagnosed with depression. This is increasing due to the current economic climate, job shortages and financial challenges.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?