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LATEST Advisor Questions  

Can we get one life policy to cover a lender and a shareholder?

5 Oct 2020 /  Craig Torr  
Such policies are generally taken out between spouses and not found in a business environment – and there is generally no cost benefit compared with taking out separate policies on each life.

Do we have recourse against Ecsponent-punting brokers?

2 Oct 2020 /  Gareth Collier   2
There are several possible steps: lodge a complaint with the brokers. If the outcome's unsatisfactory, approach the ombud. If the loss exceeds R800 000, consider instituting a civil claim.

How do we amend an inter-vivos trust amid lockdown restrictions?

30 Sep 2020 /  Eric Jordaan  
With Covid-19 travel limitations there is no way we can get the necessary documents originally signed by my son.

What is the best way to spend my tax refund?

28 Sep 2020 /  Jesse Morgans  
Putting it into an RA, settling debt, investing in a tax-free unit trust, or using it as a deposit for a money market account?

Should I use most of my provident fund as capital in a new business?

25 Sep 2020 /  Jesse Morgans  
Quantify the business risks: this represents the majority of your pension, and you don't have time on your side to build it up again.

Which is more tax-effective: putting R1.5m in a unit trust or my access bond?

23 Sep 2020 /  Devon Card   2
A third option exists that may be the perfect solution.

Can all my investment allocations in my provident fund be invested offshore?

22 Sep 2020 /  Willem Basson  
Unfortunately not. The best thing is to look at the total allocation of your provident fund to ensure the maximum of 30% offshore exposure is fully utilised.

What are the tax implications of transferring my RAs into a living annuity?

17 Sep 2020 /  Adam Bacher  
Transfers to a living annuity are done on a tax-neutral basis, but there are a few things to be aware of.

Can I split my retirement savings into two living annuities without incurring tax?

16 Sep 2020 /  Elke Brink  
It's not necessary – diversification can also be achieved within one vehicle.

How would an offshore dividend be taxed?

15 Sep 2020 /  Trevor Lee  
Most foreign dividends are taxable at a maximum effective rate of 20% via the normal tax system.

Would it be better to invest R500k or deposit it into my bond?

10 Sep 2020 /  Michael Haldene  
The decision is not as simple as one might think.

If a minor inherits immovable property, can it be managed by their guardian?

9 Sep 2020 /  Gareth Collier  
And how many immovable properties can be bequeathed without needing to pay transfer duty?

Should I invest in overseas feeder funds or overseas rental property?

8 Sep 2020 /  Trevor Lee  
The two differ significantly in terms of risk, possible returns and diversification opportunities.

Can I reduce my monthly bond premium instead of the repayment term?

3 Sep 2020 /  Devon Card  
You can. After making your lump sum payment, inform your bank that you want your monthly premiums adjusted accordingly.

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