Archive for Mar 2009

YOUR WILL – MAKE SURE IT’S VALID!

The last thing you want your grieving loved ones to have to go through after you die is the delay and expense of a legal fight over your estate. Firstly, make sure that you have a valid will. If you die without a will (i.e. “intestate”), your estate will be handled by an executor not…

Read More

VIEW AND PAY TRAFFIC FINES ONLINE

Check whether you have any outstanding traffic fines, view them (often with camera pictures) and pay them via credit card on the Payfine site at www.payfine.co.za (currently only Johannesburg, the Free State, Cape Town, Stellenbosch and Paarl are covered). The cost (R5 per fine) is nominal in comparison to the hassle and travel costs saved…

Read More

YOUR WILL – MAKE SURE IT’S TAX EFFICIENT!

When drawing your will, it is vital to have it checked for tax efficiency. If you don’t, you could lumber your estate (and thus your heirs) with having to pay far more estate duty and other taxes than necessary. To take just one example, a recent decision by the Tax Court confirmed that a trust…

Read More

PENSION DEDUCTIONS … CHECK YOUR SYSTEMS

Employers need to ensure that they have systems in place to make certain that pension fund contributions deducted from employees are correctly paid over to the fund administrators. Failure to do so will be costly – you could well end up compensating your employee for the full pension withdrawal benefit, not just refunding him/her the…

Read More