Ad­van­tages of off­shore en­dow­ments

Weekend Argus (Saturday Edition) - - FRONT PAGE -

• In­vest­ment choice: you can choose from hun­dreds of off­shore in­vest­ments. • Tax: you don’t have to de­clare your re­turns to the tax­man, be­cause they are taxed in the hands of the life com­pany. The rate is 30 per­cent, so you ben­e­fit only if your mar­ginal tax rate is 30 per­cent or higher. • Es­tate plan­ning: you don’t need a sep­a­rate will for your off­shore as­sets. If you nom­i­nate a ben­e­fi­ciary, on your death the pro­ceeds are paid di­rectly to the ben­e­fi­ciary, and your es­tate does not pay ex­ecu­tor’s fees on the pro­ceeds.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.