Page 1078 - SAIT Compendium 2016 Volume2

ESTATE DUTY ACT
Age next birthday
Expectation of life
Present value of R1 per annum for life
Age
Male
Female
Male
Female
68
10,28
13,20
5,73403
6,46635
68*
69
9,81
12,57
5,59182
6,32818
69*
70
9,37
11,96
5,45165
6,18466
70*
71
8,94
11,37
5,30775
6,03607
71*
72
8,54
10,80
5,16744
5,88278
72*
73
8,15
10,24
5,02437
5,72222
73*
74
7,77
9,70
4,87876
5,55743
74*
75
7,41
9,18
4,73490
5,38893
75*
76
7,07
8,68
4,59354
5,21727
76*
77
6,73
8,21
4,44663
5,04679
77*
78
6,41
7,75
4,30309
3,87092
78*
79
6,10
7,31
4,15898
4,69389
79*
80
5,82
6,89
4,02440
4,51647
80*
81
5,55
6,50
3,89051
4,34399
81*
82
5,31
6,13
3,76802
4,17315
82*
83
5,09
5,78
3,65276
4,00482
83*
84
4,89
5,45
3,54546
3,83988
84*
85
4,72
5,14
3,45232
3,67921
85*
86
4,57
4,85
3,36864
3,52371
86*
87
4,45
4,58
3,30066
3,37426
87*
88
4,36
4,33
3,24907
3,23175
88*
89
4,32
4,11
3,22597
3,10296
89*
90
4,30
3,92
3,21438
2,98912
90*
N.B.—The age is to be taken as at the next birthday after the date when the right was acquired.
Example.—Find the present value of an annuity or usufruct of R100 per annum for life of: (a) a female who becomes entitled thereto at the age of 42 years 3 months, or (b) a male who becomes entitled thereto at the age of 65 years 9 months.
Table B
Present Value of R1 per Annum Capitalised at 12 per cent over Fixed Periods.
(a)
(b)
Age when acquired
42 years 3 months
65 years 9 months
Age next birthday
43 years
66 years
Present value of R1 per annum for life
R8,13012
R6,00726
Therefore present value of R100 per annum for life equals
R813,01
R600,73
Years
Amount
Years
Amount
Years
Amount
Years
Amount
R
R
R
R
1
0,8929
26
7,8957
51
8,3076
76
8,3318
2
1,6900
27
7,9426
52
8,3104
77
8,3320
3
2,4018
28
7,9844
53
8,3128
78
8,3321
4
3,0374
29
8,0218
54
8,3150
79
8,3323
1070 SAIT CompendIum oF TAx LegISLATIon VoLume 2