REC­OM­MEN­DA­TIONS

Colin Long from Con­sol­i­dated Fi­nan­cial Plan­ning

Finweek English Edition - - MONEY - Can­di­date A should have a will drafted for the fol­low­ing rea­sons:

• To en­sure that that his wishes and be­quests

are car­ried out ac­cord­ingly. • To pro­tect his daugh­ter’s in­come re­quire­ments i n the event of his and his spouse’s si­mul­ta­ne­ous deaths. • To ex­pe­dite the wind­ing up of his

es­tate. • To en­sure the suc­cess­ful in­te­gra

tion of the en­tire fi­nan­cial plan. next most tax ef­fec­tive in­vest­ment ve­hi­cle for Can­di­date A to in­vest his money in.

Based on the in­vest­ment strat­egy that Can­di­date A needs to fol­low, he can in­vest as much as R2.9m in a unit trust struc­ture be­fore hav­ing any tax li­a­bil­ity.

When in­vest­ing, Can­di­date A must al­ways be aware that in­vest­ment ve­hi­cles have very lit­tle to do with in­vest­ment re­turns and they should pre­dom­i­nantly be used for tax and liq­uid­ity re­quire­ments.

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