Daily Maverick Articles #tax

As we've spoken about before, it's important to have some assets overseas if possible, as it diversifies your portfolio to optimise growth. However, what are the advantages of having it in a wrapper? Let's take some time and unpack this scenario, with special interest on inheraitance and taxation.

The idea of planning for retirement can seem like quite a daunting task, and often times, people leave it a bit later than they should. Then when it comes to crunch time, it can lead to much anxiety and stress. Let's take some time and discuss ways to circumvent this problem, should you find yourself in it.

As we've spoken about before, death is never an easy topic to talk about, but every now and then, life forces you to face the music. It is, however, important to arm yourself with the relevant knowledge. Let's take some time to understand death benefit payouts and their relevant tax implications.

"Nothing is certain but death and taxes", and unfortunately the older you get, the more those two factors can loom heavily over you. However, with some strategic work you can ease the tax burden on your retirement income quite significantly. Let me walk you through some ways to circumvent this issue.

To retire is easy; having enough money to sustain you post-retirement isn't quite as easy. However, with some clever planning and strategic thinking, you can ease the tax burden and lower your portfolio's overall risk, resulting in more, safer money for your future.

With many investors now adopting a more optimal approach with their investment strategy by having money offshore, an important thing to take note of is "situs tax". Let's take some time and discuss what it means, what implications it can have, and how it can be worked around with some careful consideration.

A bit of clever financial planning can reduce your CGT bill by 70%

The lump sum you take when you retire can have major income tax implications. If you are clever, you can save a lot of unnecessary tax.

Over the past few months, I have received several specific questions that may be of interest to others.

Sometimes being a good person can quite literally come at a price. Many people are oblivious to the existence of donations tax and the rates it includes. If you're fortunate enough to be able to help someone financially, you should be aware of this and know of the possible ways of circumventing the extra costs it can attract.

We all work with the intention of retiring as comfortably as possible, but we often come across a few obstacles and worries, one of which being the question regarding the tax in relation to retirement savings. Let's take some time and discuss how you can navigate your way through this, from the implications regarding estate duty, to considering a combination of different annuity types.

Running a business can be one of the most rewarding experiences, but should you want to step away from the business or retire you need a succession plan in place to pass the torch on to the next person while still extracting benefit. Let's address some of the things you need to put in place for this to be successful.