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Cecil Kilpin | Setember 2021 Newsletter

By |2022-01-19T17:02:14+02:00Oct 7th, 2021|Business, Finance + Economics, Goverment, Newsletter, Tax|

Medium Term Budget Policy Statement (MTBPS) set for the 4th of November 2021 Newly appointed Minister of Finance, Mr Enoch Godongwana. Will table the MTBPS on the 4th of November at 14h00. The MTBPS sets out the policy framework for the Budget that is presented every February, updates National Treasury's economic forecasts, adjusts the budgets of government departments and makes emergency changes to spending. The minister faces a tough challenge to balance the books. South Africa was facing an uphill battle prior to the pandemic and has pretty much exhausted all avenues of emergency funding to help the man in the street survive. At the recent National Investment Dialogue, the Minister presented a speech titled “Investment Challenges and Opportunities [...]

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Cecil Kilpin | August 2021 Newsletter

By |2022-01-19T16:45:20+02:00Sep 13th, 2021|Business, Finance + Economics, Newsletter, Tax|

Revising Your Estate Plan While one should review their estate plan annually, here are some key events which should ring a bell for an estate planner to revise their estate plan: Divorce  The Wills Act states that except where expressly otherwise provided, a bequest to a divorced spouse will be deemed revoked if the testator dies within three months of the divorce. This provision is to allow a divorced person a period of three months to amend their Will, after the trauma of a divorce. Should he/she fail to amend their Will within three months after their divorce, the deemed revocation rule will fall away, and the divorced spouse will benefit as indicated in the Will In addition, review beneficiary nominations on [...]

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