Tag: WealthPlanning
Estate planning basics – do you really need a will?
National Wills Week may have ended on 18 September 2026, but the questions it raises remain relevant long after the campaign. A will is one of those tasks that many people intend to get around to “one day”. Yet, when that day comes, clear instructions can make an enormous difference to those left behind. You do not have to be wealthy, retired or a homeowner to need a will. You also do not necessarily need an attorney to draft one.
Trusts tax trap – SARS’s warning for young investors
On 26 November 2025, the South African Revenue Service (SARS) released a draft Interpretation Note on section 7C of the Income Tax Act No. 58 of 1962. Section 7C is an anti-avoidance provision. It targets interest-free or low-interest loans used to fund trusts. The tax authority’s message is clear. There is no such thing as an informal, interest-free loan to your trust anymore. This position amounts to a direct warning to young South Africans who increasingly use trusts as wealth vehicles.
