Premiums & Problems 2019, 119e (eBook)

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    Edition: 119th Edition
  • Format: eBook
  • ISBN: 9781485134121
  • Language(s): English
  • Published:
  • Category: Financial Services

R396.00

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The print version of Premiums & Problems Edition 119 is now available for purchase via the Old Mutual Brand Shop’s online store at: https://oldmutual.brandnamemarketing.co.za/premiums-and-problems

Multiple-user pricing is available on request.

Premiums & Problems Edition 119 is a publication designed to provide a source of information on aspects relevant to personal financial planning and the financial sector in general.

Updated annually, it keeps readers abreast of new developments in that discipline. Over the years, this publication has become an invaluable source of reference for financial advisers, specifically and, generally, for those interested in financial planning. 

Premiums & Problems is endorsed by the Financial Planning Institute (FPI) and is recommended as a study reference guide for those aiming to attain their Post Graduate Diploma in Financial Planning (CFP® designation), Higher Certificate in Financial Planning, Advanced Certificate in Financial Planning or Bachelor of Commerce (with a major in Financial Planning).

This edition has been updated in accordance with the Budget Speech delivered in February 2019. Certain interpretations are based on the editors’ understanding of the Budget Speech and correspondence with the Commissioner for Inland Revenue. 

Highlights include:     

  • Updates on the latest FAIS: Fit & Proper requirements 
  • All the new tax rates as proposed in the 2019 national budget speech
  • Updates subsequent to the Taxation Laws Amendment Act of 2018 
  • A discussion of the foreign pension exemption contained in the Section 10(1)(gC) of the Income Tax Act read with SARS Interpretation Note 104
  • Amendments pertaining to divorce and GEPF members as provided for in the Financial Matters Amendment Act of 2019
  • Various other updates as it applies to financial planning and the financial services environment

 

 

A - INCOME & CAPITAL GAINS TAX

  • General Notes A1
    • Introduction A1
    • Residence-based tax A1
    • The taxpayer A2
    • Employee’s Tax and Provisional Tax A3
    • The steps in calculating the tax liability of a natural person A5
    • Gross income A5
    • Exempt income A18
    • Basic steps to be followed in determining the exemption A24
    • Deductions A29
    • Calculating the tax liability A30
    • Income tax rates for natural persons & special trusts A31
    • Income Tax Calculation Sheet A36
  • Spouses A38
    • Income deemed to have accrued to the spouse  s.7(2) A38
    • Spouses married in community of property A38
  • Dividends Withholding Tax A39
    • Regulated Intermediary (RI) A39
    • Exemptions (s 64F, read with s 64FA(2), 64G(2) & s64H(2)(a), Income Tax Act) A40
    • Generic product examples A42
    • Impact of DWT on companies and shareholders A44
  • Capital Gains Tax A45
    • Who is liable for CGT? A45
    • What is capital gain? A45
    • Assets A46
    • Disposals A46
    • Exclusions A47
    • Determining the base cost A49
    • Attribution of capital gains A52
    • Aggregate capital gain or aggregate capital loss A52
    • Capital losses A54
    • Record-keeping A54
  • Summary of capital gains tax liability calculation A55

B - INVESTMENT PLANNING

  • General Notes B1
    • What is investment planning? B1
    • The investment planning process B1
  • Factors Affecting Investment Strategy B4
    • Risk B4
    • Liquidity B10
    • Taxation B10
    • Inflation B12
  • Miscellaneous Investment Formulae B14
    • Bank acceptances B14
    • Values of gilts (e.g. Eskom stock) in phases of rising and falling interest rates B14
    • Calculation to determine return on redemption of existing debt (e.g. bond on house or motor vehicle lease) B15
    • A guide to interest rate calculations using basic interest tables B19
    • Bond Redemption Tables B21, B22 and B23
  • Investment Planning Worksheet B25
    • Step 1: Financial data B26
    • Step 2: Income growth objective B29
    • Step 3: Determine investor’s marginal rate of tax B29
    • Step 4: Determine whether debt should be repaid from capital available B31
    • Step 5: Invest the capital required for emergency purposes at the best available call rate B32
    • Step 6: Provide for future capital needs B32
    • Step 7: Determine income deficit in year 6 B32
    • Step 8: Determine the amount to be invested in an income portfolio B33
    • Step 9: Determine future cash flows B34
    • Step 10: Determine total annual income from income portfolio B35
    • Step 11: Incorporating the figures determined in steps 7 to 10 do a comprehensive cash flow analysis B36
    • Step 12: Investment of balance of capital B37
  • Investment Comparison B38
  • Collective Investment Scheme B44
    • What is a collective investment scheme? B44
    • Benefits of CIS B44
    • Classification of South African regulated collective investment portfolios B45
    • Categories of unitised investment products B48
  • Tax-Free Investments B52
    • Tax implications B52
    • Estate duty B52
    • Contribution limits B52
    • Fees B52
    • Comparison with Life and LISP Products B55
  • Offshore Investments B56
    • Introduction B56
    • Diversifying risk B56
    • Exploiting international markets and enhancing returns B56
    • Selecting an offshore centre B56
    • Offshore investment options for SA residents B58
    • Estate planning & tax implications B61
    • Exchange control odds & ends B63

C - RETIREMENT PLANNING

  • Retirement Planning Worksheet C1
  • Notes to Retirement Planning Worksheet C2
  • Table A: Capital Preservation C4
  • Table B: Annuity Rates C6
  • Retirement Planning Vehicles: A Comparison C8
  • Preservation Funds C23
    • Regulations C23
    • Contributions C23
    • Eligibility C24
    • Translocation benefits C24
    • Retirement benefits C25
    • Disability benefits C25
    • Withdrawal benefits C25
    • Emigration and Preservation Fund C26
  • Severance Benefits C28
  • Comparison Between Defined Benefit and Defined Contribution Funds C29
  • Allowable Deductible Retirement Fund Contribution Calculation Sheet C31
  • Calculating the tax payable when retiring from more than one retirement fund (after 1 October 2007) C36
  • Calculating the tax payable when retiring from a retirement fund (or upon death, redundancy/retrenchment or when receiving a severance benefit) after having taken previous lump sums and/or severance benefits C37
  • Calculating the tax payable when withdrawing from a retirement fund after having taken previous lump sums and/or severance benefits C38
  • Techniques to Reduce Income Tax at Retirement C39
    • Introduction C39
    • Investment of capital in investments generating tax-free returns C39
    • Limiting lump sums to tax-free amount C39
    • Preserve retirement fund benefits upon withdrawal C39
    • Retire later from retirement annuities C39
  • Divorce Order Awards from Retirement Funds C41
  • Divorce Orders and the Government Employees Pension Fund C43 (GEPF)
  • Commutation of a Retirement Annuity Policy on Retirement C45
  • Commutation of Living Annuities (GN18 or Member Owned Annuities) C47

D – BUSINESS ASSURANCE

  • Business Entities: A Comparison D1
  • Business Entities: Advantages and Disadvantages D10
    • Sole Proprietorship D10
    • Partnership D11
    • Close Corporation D12
    • Company D13
  • Companies Act 71 of 2008 – New Structure of Companies D14
    • Non-profit companies D14
    • Types of profit companies D14
    • Close corporations D15
  • Company Owned Policies - Summary of Tax Implications D16
    • Paragraph (m) of the definition of gross income D16
    • Paragraph (d) of the definitions of gross income D17
    • Deductibility of premiums - Section 11(w) D18
    • Exemptions D20
    • Summary of developments D23
    • Other considerations D25
  • Deferred Compensation D28
    • Definition D28
    • Income tax implications D28
    • Estate duty implications D30
    • Capital gains tax implications D30
  • Keyperson Assurance D31
    • Definition D31
    • Income tax implications D31
    • Estate duty implications D31
    • Capital gains tax implications D32
    • Keyperson valuation D32
    • Keyperson valuation guideline D33
    • Calculation of cover required where policies are owned by third parties D34
  • Preferred Compensation D38
    • Definition D38
    • How the plan works D38
    • Income tax implications D38
    • Estate duty consequences D39
    • Important considerations D39
    • Capital gains tax implications D39
  • Buy-and-Sell Agreement D41
    • Definition D41
    • The elements of a buy and sell agreement D41
    • How the plan works D41
    • Income tax implications D43
    • Estate duty implications D44
    • Capital gains tax implications D44
  • Income Tax Implications of Restraint of Trade Payments D45
    • Implications for the company D45
    • Implications for the employee D46
  • Loan Account Cover D47
    • Debit loan accounts D47
    • Credit loan accounts D47
  • Loan Account Redemption Plan D49
    • Introduction D49
    • Income tax implications D50
    • Estate duty implications D50
    • Capital gains tax implications D50
  • Business Contingency Plan D51
    • Introduction D51
    • Working of the plan D51
    • Income tax implications D51
    • Estate duty implications D51
    • Capital gains tax implications D52
  • The Balance Sheet: Business Assurance Leads D53
    • Introduction D53
    • Assurance leads D53
    • Redeemable preference shares D53
    • Long-term liabilities D54
    • Directors’ loan accounts (by the directors to the company) D54
    • Fixed assets D54
    • Investments: loans (i.e. made to outsiders) D55
    • Directors’ loans (loans by the company to directors) D55
    • Debtors D55
    • Directors’ emoluments D55
    • Contingent liabilities D55
    • Employee assurance - keyperson policies D56
  • Valuing Business Interests D57
    • Introduction D57
    • Assumptions used in business valuations D57
    • Valuation methods D57
  • Financial Ratios D64
    • Introduction D64
    • Categories of financial ratios D64
    • Interpretation of financial ratios D69

E - ESTATE PLANNING

  • Estate Planning E1
    • Introduction E1
    • Methods to save estate duty E1
    • Estate Planning: Capital gains tax and Income Tax E2
    • Taxation of trusts E4
  • Donations Tax: Exemptions E5
  • Estate Pegging Worksheet Comparison of Costs and Benefits E7
  • Costs Involved in Transferring Assets E8
  • Costs Involved in the Setting Up and Administration of Trusts E10
  • The Taxation of Trust Income E11
  • Interest Free Loans E16
    • Income and donations tax considerations E16
    • Section 7C of the Income Tax Act E16
    • CGT consequences E19
  • Anti-Tax Avoidance Measures E20
    • Section 7 E20
    • Sections 54 - 64 (donations tax) E20
    • Section 80A E20
    • Section 103(5) (cession of interest) E21
  • Tax Implications of Retaining Control in Trusts E22
    • General E22
    • Companies: Unquoted shares E22
  • Limited Interests E24
    • Tax implications E24
    • Valuing limited interests for estate duty purposes: deaths before and after 1 April 1977 E25
    • Valuation of limited interests: examples E27
  • Tables for Valuation of Limited Interests E31- E36
  • Estate Duty: Rebate of Duty on Successive Deaths E37
  • Calculation for Apportionment of Estate Duty E39
  • Estate Duty Worksheet: Marriage out of Community of Property E42
  • Marriage out of Community of Property Residue Bequeathed to the Surviving E44
  • Spouse Residue Calculation Worksheet
  • Estate Planning Liquidity Analysis: Marriage out of Community of Property E45
  • In Community of Property Marriage Estate Duty Worksheet E46
  • In Community Marriages Where Residue is Bequeathed to Surviving Spouse Estate Duty Worksheet E48
  • Liquidity Analysis: Marriage in Community of Property E50
  • Capital Needs Analysis Worksheet E51
  • Calculation of Shortfall and Capital Needs in Estate E52
  • Trust Worksheet - Income Tax Saving E54
  • Calculation of Accrual in Terms of the Accrual System E55
  • Life Assurance and Estate Planning E56
  • Retirement Fund Lump Sums E58
  • Retirement Funds and Estate Duty E61
  • Intestate Succession E62
    • The surviving spouse E62
    • Descendants E63
  • The Wills Act, No. 7 of 1953 - The Signing of Wills E65
    • Where testator has died before 1 October 1992 E65
    • Where testator has died after 1 October 1992 E66

F - GENERAL

  • Report Writing F1
    • Introduction F1
    • Areas of concern F1
    • Objectives F2
    • Possible courses of action and their appraisal and evaluation F2
    • Conclusion F2
  • Exchange Control Guidelines F4
    • Capital transactions F4
    • Portfolio investments by South African institutional investors F4
    • Emigration F5
    • The single discretionary and other allowances for Private Individuals F6
    • Credit and debit cards F6
    • Estates and transfers to beneficiaries F7
  • Section 54 of the Long-Term Insurance Act F9
    • Definitions F9
    • Provisions relating to policies (excluding annuities) F11
    • Provisions relating to annuities F12
  • Basic Interest Calculations on a Financial Calculator F14
    • Introduction F14
    • Valuation of market value of long-term gilts (e.g. Eskom stock) F17
    • Nominal and effective rate of interest F18
    • Debt repayments F19
    • Resultant rate F19
  • Life Expectancy Tables F21
  • Compound Interest Tables F23 - F34
  • Present Value Tables F35 - F41
  • Medical Schemes F42
    • Introduction F42
    • Purpose of the Act F42
    • Role players F42
    • General F48
    • Duties and obligations of the broker F53
    • Penalties F57
  • Money Laundering F58
    • Introduction F58
    • Prevention of Organised Crime Act 121 of 1988 (POCA) F59
    • Financial Intelligence Centre Act 38 of 2001 (FICA) F60
  • Compliance in terms of the Policyholder Protection Rules (Long-term Insurance Act 52 of 1998) F78
  • The Financial Advisory and Intermediary Services Act F79
    • Introduction F79
    • Pertinent definitions F79
    • Licensing F81
    • Key individuals F82
    • Representatives F82
    • Competence requirements F83
  • Summary of the Requirements of Board Notice 106 (Qualifications, Regulatory Examinations and CPD) F86
    • Compliance officer F88
    • General Code of Conduct for FSP’s and Representatives F89
    • Record keeping F99
    • Offences & penalties F99
    • Retail Distribution Review F100
    • Conduct of Financial Institutions (COFI) Bill F103

  • Lecturers
  • Faculty Heads  
  • Financial Planning Program Directors
  • Tax Advisors
  • Certified Financial Planners ®
  • Financial Planners
  • Financial Planning Students
  • Legal Advisors

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The print version of Premiums & Problems Edition 119 is now available for purchase via the Old Mutual Brand Shop’s online store at: https://oldmutual.brandnamemarketing.co.za/premiums-and-problems

Multiple-user pricing is available on request.

Premiums & Problems Edition 119 is a publication designed to provide a source of information on aspects relevant to personal financial planning and the financial sector in general.

Updated annually, it keeps readers abreast of new developments in that discipline. Over the years, this publication has become an invaluable source of reference for financial advisers, specifically and, generally, for those interested in financial planning. 

Premiums & Problems is endorsed by the Financial Planning Institute (FPI) and is recommended as a study reference guide for those aiming to attain their Post Graduate Diploma in Financial Planning (CFP® designation), Higher Certificate in Financial Planning, Advanced Certificate in Financial Planning or Bachelor of Commerce (with a major in Financial Planning).

This edition has been updated in accordance with the Budget Speech delivered in February 2019. Certain interpretations are based on the editors’ understanding of the Budget Speech and correspondence with the Commissioner for Inland Revenue. 

Highlights include:     

  • Updates on the latest FAIS: Fit & Proper requirements 
  • All the new tax rates as proposed in the 2019 national budget speech
  • Updates subsequent to the Taxation Laws Amendment Act of 2018 
  • A discussion of the foreign pension exemption contained in the Section 10(1)(gC) of the Income Tax Act read with SARS Interpretation Note 104
  • Amendments pertaining to divorce and GEPF members as provided for in the Financial Matters Amendment Act of 2019
  • Various other updates as it applies to financial planning and the financial services environment

 

 

A - INCOME & CAPITAL GAINS TAX

  • General Notes A1
    • Introduction A1
    • Residence-based tax A1
    • The taxpayer A2
    • Employee’s Tax and Provisional Tax A3
    • The steps in calculating the tax liability of a natural person A5
    • Gross income A5
    • Exempt income A18
    • Basic steps to be followed in determining the exemption A24
    • Deductions A29
    • Calculating the tax liability A30
    • Income tax rates for natural persons & special trusts A31
    • Income Tax Calculation Sheet A36
  • Spouses A38
    • Income deemed to have accrued to the spouse  s.7(2) A38
    • Spouses married in community of property A38
  • Dividends Withholding Tax A39
    • Regulated Intermediary (RI) A39
    • Exemptions (s 64F, read with s 64FA(2), 64G(2) & s64H(2)(a), Income Tax Act) A40
    • Generic product examples A42
    • Impact of DWT on companies and shareholders A44
  • Capital Gains Tax A45
    • Who is liable for CGT? A45
    • What is capital gain? A45
    • Assets A46
    • Disposals A46
    • Exclusions A47
    • Determining the base cost A49
    • Attribution of capital gains A52
    • Aggregate capital gain or aggregate capital loss A52
    • Capital losses A54
    • Record-keeping A54
  • Summary of capital gains tax liability calculation A55

B - INVESTMENT PLANNING

  • General Notes B1
    • What is investment planning? B1
    • The investment planning process B1
  • Factors Affecting Investment Strategy B4
    • Risk B4
    • Liquidity B10
    • Taxation B10
    • Inflation B12
  • Miscellaneous Investment Formulae B14
    • Bank acceptances B14
    • Values of gilts (e.g. Eskom stock) in phases of rising and falling interest rates B14
    • Calculation to determine return on redemption of existing debt (e.g. bond on house or motor vehicle lease) B15
    • A guide to interest rate calculations using basic interest tables B19
    • Bond Redemption Tables B21, B22 and B23
  • Investment Planning Worksheet B25
    • Step 1: Financial data B26
    • Step 2: Income growth objective B29
    • Step 3: Determine investor’s marginal rate of tax B29
    • Step 4: Determine whether debt should be repaid from capital available B31
    • Step 5: Invest the capital required for emergency purposes at the best available call rate B32
    • Step 6: Provide for future capital needs B32
    • Step 7: Determine income deficit in year 6 B32
    • Step 8: Determine the amount to be invested in an income portfolio B33
    • Step 9: Determine future cash flows B34
    • Step 10: Determine total annual income from income portfolio B35
    • Step 11: Incorporating the figures determined in steps 7 to 10 do a comprehensive cash flow analysis B36
    • Step 12: Investment of balance of capital B37
  • Investment Comparison B38
  • Collective Investment Scheme B44
    • What is a collective investment scheme? B44
    • Benefits of CIS B44
    • Classification of South African regulated collective investment portfolios B45
    • Categories of unitised investment products B48
  • Tax-Free Investments B52
    • Tax implications B52
    • Estate duty B52
    • Contribution limits B52
    • Fees B52
    • Comparison with Life and LISP Products B55
  • Offshore Investments B56
    • Introduction B56
    • Diversifying risk B56
    • Exploiting international markets and enhancing returns B56
    • Selecting an offshore centre B56
    • Offshore investment options for SA residents B58
    • Estate planning & tax implications B61
    • Exchange control odds & ends B63

C - RETIREMENT PLANNING

  • Retirement Planning Worksheet C1
  • Notes to Retirement Planning Worksheet C2
  • Table A: Capital Preservation C4
  • Table B: Annuity Rates C6
  • Retirement Planning Vehicles: A Comparison C8
  • Preservation Funds C23
    • Regulations C23
    • Contributions C23
    • Eligibility C24
    • Translocation benefits C24
    • Retirement benefits C25
    • Disability benefits C25
    • Withdrawal benefits C25
    • Emigration and Preservation Fund C26
  • Severance Benefits C28
  • Comparison Between Defined Benefit and Defined Contribution Funds C29
  • Allowable Deductible Retirement Fund Contribution Calculation Sheet C31
  • Calculating the tax payable when retiring from more than one retirement fund (after 1 October 2007) C36
  • Calculating the tax payable when retiring from a retirement fund (or upon death, redundancy/retrenchment or when receiving a severance benefit) after having taken previous lump sums and/or severance benefits C37
  • Calculating the tax payable when withdrawing from a retirement fund after having taken previous lump sums and/or severance benefits C38
  • Techniques to Reduce Income Tax at Retirement C39
    • Introduction C39
    • Investment of capital in investments generating tax-free returns C39
    • Limiting lump sums to tax-free amount C39
    • Preserve retirement fund benefits upon withdrawal C39
    • Retire later from retirement annuities C39
  • Divorce Order Awards from Retirement Funds C41
  • Divorce Orders and the Government Employees Pension Fund C43 (GEPF)
  • Commutation of a Retirement Annuity Policy on Retirement C45
  • Commutation of Living Annuities (GN18 or Member Owned Annuities) C47

D – BUSINESS ASSURANCE

  • Business Entities: A Comparison D1
  • Business Entities: Advantages and Disadvantages D10
    • Sole Proprietorship D10
    • Partnership D11
    • Close Corporation D12
    • Company D13
  • Companies Act 71 of 2008 – New Structure of Companies D14
    • Non-profit companies D14
    • Types of profit companies D14
    • Close corporations D15
  • Company Owned Policies - Summary of Tax Implications D16
    • Paragraph (m) of the definition of gross income D16
    • Paragraph (d) of the definitions of gross income D17
    • Deductibility of premiums - Section 11(w) D18
    • Exemptions D20
    • Summary of developments D23
    • Other considerations D25
  • Deferred Compensation D28
    • Definition D28
    • Income tax implications D28
    • Estate duty implications D30
    • Capital gains tax implications D30
  • Keyperson Assurance D31
    • Definition D31
    • Income tax implications D31
    • Estate duty implications D31
    • Capital gains tax implications D32
    • Keyperson valuation D32
    • Keyperson valuation guideline D33
    • Calculation of cover required where policies are owned by third parties D34
  • Preferred Compensation D38
    • Definition D38
    • How the plan works D38
    • Income tax implications D38
    • Estate duty consequences D39
    • Important considerations D39
    • Capital gains tax implications D39
  • Buy-and-Sell Agreement D41
    • Definition D41
    • The elements of a buy and sell agreement D41
    • How the plan works D41
    • Income tax implications D43
    • Estate duty implications D44
    • Capital gains tax implications D44
  • Income Tax Implications of Restraint of Trade Payments D45
    • Implications for the company D45
    • Implications for the employee D46
  • Loan Account Cover D47
    • Debit loan accounts D47
    • Credit loan accounts D47
  • Loan Account Redemption Plan D49
    • Introduction D49
    • Income tax implications D50
    • Estate duty implications D50
    • Capital gains tax implications D50
  • Business Contingency Plan D51
    • Introduction D51
    • Working of the plan D51
    • Income tax implications D51
    • Estate duty implications D51
    • Capital gains tax implications D52
  • The Balance Sheet: Business Assurance Leads D53
    • Introduction D53
    • Assurance leads D53
    • Redeemable preference shares D53
    • Long-term liabilities D54
    • Directors’ loan accounts (by the directors to the company) D54
    • Fixed assets D54
    • Investments: loans (i.e. made to outsiders) D55
    • Directors’ loans (loans by the company to directors) D55
    • Debtors D55
    • Directors’ emoluments D55
    • Contingent liabilities D55
    • Employee assurance - keyperson policies D56
  • Valuing Business Interests D57
    • Introduction D57
    • Assumptions used in business valuations D57
    • Valuation methods D57
  • Financial Ratios D64
    • Introduction D64
    • Categories of financial ratios D64
    • Interpretation of financial ratios D69

E - ESTATE PLANNING

  • Estate Planning E1
    • Introduction E1
    • Methods to save estate duty E1
    • Estate Planning: Capital gains tax and Income Tax E2
    • Taxation of trusts E4
  • Donations Tax: Exemptions E5
  • Estate Pegging Worksheet Comparison of Costs and Benefits E7
  • Costs Involved in Transferring Assets E8
  • Costs Involved in the Setting Up and Administration of Trusts E10
  • The Taxation of Trust Income E11
  • Interest Free Loans E16
    • Income and donations tax considerations E16
    • Section 7C of the Income Tax Act E16
    • CGT consequences E19
  • Anti-Tax Avoidance Measures E20
    • Section 7 E20
    • Sections 54 - 64 (donations tax) E20
    • Section 80A E20
    • Section 103(5) (cession of interest) E21
  • Tax Implications of Retaining Control in Trusts E22
    • General E22
    • Companies: Unquoted shares E22
  • Limited Interests E24
    • Tax implications E24
    • Valuing limited interests for estate duty purposes: deaths before and after 1 April 1977 E25
    • Valuation of limited interests: examples E27
  • Tables for Valuation of Limited Interests E31- E36
  • Estate Duty: Rebate of Duty on Successive Deaths E37
  • Calculation for Apportionment of Estate Duty E39
  • Estate Duty Worksheet: Marriage out of Community of Property E42
  • Marriage out of Community of Property Residue Bequeathed to the Surviving E44
  • Spouse Residue Calculation Worksheet
  • Estate Planning Liquidity Analysis: Marriage out of Community of Property E45
  • In Community of Property Marriage Estate Duty Worksheet E46
  • In Community Marriages Where Residue is Bequeathed to Surviving Spouse Estate Duty Worksheet E48
  • Liquidity Analysis: Marriage in Community of Property E50
  • Capital Needs Analysis Worksheet E51
  • Calculation of Shortfall and Capital Needs in Estate E52
  • Trust Worksheet - Income Tax Saving E54
  • Calculation of Accrual in Terms of the Accrual System E55
  • Life Assurance and Estate Planning E56
  • Retirement Fund Lump Sums E58
  • Retirement Funds and Estate Duty E61
  • Intestate Succession E62
    • The surviving spouse E62
    • Descendants E63
  • The Wills Act, No. 7 of 1953 - The Signing of Wills E65
    • Where testator has died before 1 October 1992 E65
    • Where testator has died after 1 October 1992 E66

F - GENERAL

  • Report Writing F1
    • Introduction F1
    • Areas of concern F1
    • Objectives F2
    • Possible courses of action and their appraisal and evaluation F2
    • Conclusion F2
  • Exchange Control Guidelines F4
    • Capital transactions F4
    • Portfolio investments by South African institutional investors F4
    • Emigration F5
    • The single discretionary and other allowances for Private Individuals F6
    • Credit and debit cards F6
    • Estates and transfers to beneficiaries F7
  • Section 54 of the Long-Term Insurance Act F9
    • Definitions F9
    • Provisions relating to policies (excluding annuities) F11
    • Provisions relating to annuities F12
  • Basic Interest Calculations on a Financial Calculator F14
    • Introduction F14
    • Valuation of market value of long-term gilts (e.g. Eskom stock) F17
    • Nominal and effective rate of interest F18
    • Debt repayments F19
    • Resultant rate F19
  • Life Expectancy Tables F21
  • Compound Interest Tables F23 - F34
  • Present Value Tables F35 - F41
  • Medical Schemes F42
    • Introduction F42
    • Purpose of the Act F42
    • Role players F42
    • General F48
    • Duties and obligations of the broker F53
    • Penalties F57
  • Money Laundering F58
    • Introduction F58
    • Prevention of Organised Crime Act 121 of 1988 (POCA) F59
    • Financial Intelligence Centre Act 38 of 2001 (FICA) F60
  • Compliance in terms of the Policyholder Protection Rules (Long-term Insurance Act 52 of 1998) F78
  • The Financial Advisory and Intermediary Services Act F79
    • Introduction F79
    • Pertinent definitions F79
    • Licensing F81
    • Key individuals F82
    • Representatives F82
    • Competence requirements F83
  • Summary of the Requirements of Board Notice 106 (Qualifications, Regulatory Examinations and CPD) F86
    • Compliance officer F88
    • General Code of Conduct for FSP’s and Representatives F89
    • Record keeping F99
    • Offences & penalties F99
    • Retail Distribution Review F100
    • Conduct of Financial Institutions (COFI) Bill F103

  • Lecturers
  • Faculty Heads  
  • Financial Planning Program Directors
  • Tax Advisors
  • Certified Financial Planners ®
  • Financial Planners
  • Financial Planning Students
  • Legal Advisors

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