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Old Mutual claims statistics highlight importance of comprehensive risk cover for South Africans

06 August 2015 | General

Claims statistics released by Old Mutual this week highlight the diverse range of illnesses, disabilities and deaths that befall South Africans each year, and emphasises the importance for people to ensure they have appropriate risk cover in place that will provide them and their families with the necessary financial security, should one or more of these events occur.

The Davis Tax Committee's interim report on estate duty

04 August 2015 | Estates & Wills

The first interim report to the Minister of Finance by the Davis Tax Committee (Committee), in respect of estate duty was made public in late July. The Committee's frame of reference was to consider the continued role and relevance of estate duty in South Africa. The context of the Committee's work was to provide a progressive tax base to address the structural inequalities in our society.

You probably need a foreign will if you have invested offshore

04 August 2015 | Estates & Wills

Since the relaxation of exchange control, and as the Rand continues its downward slide, many South Africans are investing offshore with important consequences for their estate planning. If you have invested offshore, consider whether you need a foreign will to deal with your foreign assets on your death.

Expect significant impact once estate duty recommendations come into force

30 July 2015 | Estates & Wills

The initial proposals from the Davis Tax Committee on estate duty and trusts released in mid-July have caused a bit of a stir among taxpayers and practitioners alike. The committee was tasked with assessing South Africa’s tax policy framework and its role in supporting the objectives of inclusive growth, employment, development and fiscal sustainability.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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