It is imperative that independent trustees now charge therefore for their services and that clients appreciate the reasons.
Category: Trusts
Accounting SA (ASA): Trust services – low-hanging fruit for the accountant?
In Accounting SA, trusts expert Phia van der Spuy looks afresh at the role played by accountants in respect of trusts and what the increasing compliance demands require. She points…
Netwerk: Wie kyk na hulle wanneer jy weg is?
Angélique Krügel bepaal of u ‘n testamentêre trust of ‘n ander finansiële produk soos ‘n uittree-annuïteit sou gebruik as u na u geliefdes wil omsien wanneer u sterf. Ongeag, maak…
FISA on Moneyweb
FISA features in a Moneyweb campaign this week, with two articles and a podcast. Read more.
iol Personal Finance: SARS webinar report-back
A SARS workshop was held recently titled “Trusts and tax compliance”. She goes through the various points raised as a useful summary for trustees.
iol: What exactly is trust administration?
In this trust column, Phia van der Spuy sets out what is involved in trust administration. This can be an onorous task with many complexities and is best undertaken by…
Personal Finance – Do trustees receive the service they require?
Trusts expert Phia van der Spuy unpacks four types of services that boards of trustees require; they should ask themselves which of the services their service providers provide, and obtain…
IOL: The year in review and ahead for trusts
Phia van der Spuy looks back at the year that was for trusts.
iol: Is a once-off beneficial ownership register sufficient?
beneficial ownership
iol: Trusts and greylisting – when do trustees have to comply?
Trusts and greylisting – when do trustees have to comply?
Permanent beneficial ownership register introduced
A permanent register to log the prescribed particulars of parties to trusts was introduced.
iol: Advisers and accountants cannot look the other way
Phia van der Spuy writes in her regular Personal Finance column this week on the need for professional accountants, whether they act as accountants, advisers, and/or trustees of trusts, play…
iol: Which beneficiaries to include as beneficial owners?
Which beneficiaries to include as beneficial owners?
Independent: SARS expects ongoing compliance for trusts
SARS and trusts compliance
Moneyweb: Major compliance risks pile higher costs on trusts
Major compliance risks pile higher costs on trusts
Rapport: Spaar vir aftrede? Kyk liewer verby ‘n trust
Hierdie week in Rapport weerlê Nico van Gijsen ‘n paar halwe waarhede oor familietrusts, en die geskiktheid daarvan, al dan nie, as dit kom by spaar vir aftrede. Hy verduidelik…
Citywire: The ins and outs of special trusts
Special trusts
iol.co.za: Is the trust practitioner becoming the final verifier of trust compliance?
Is the trust practitioner becoming the final verifier of trust compliance?
Moonstone: TCSP guidance welcome, but grey areas remain, says FISA
FISA has welcomed the guidance for trusts and company service providers published by the Financial Intelligence Centre (FIC), but it says grey areas remain in respect of the compliance obligations…
Cover: Fiduciary advisers face major challenges following General Laws Amendment Act 22 of 2022
Trusts
Personal Finance: Book Review: Demystifying trusts in South Africa
Personal Finance editor, Martin Hesse, reviews Phia van der Spuy’s seminal book on trusts in South Africa. Read here. Phia is a CA with a Masters degree in tax,…
iol: Is the trust still serving a purpose?
Is the trust still serving a purpose?
Saturday Star: Are you pulling your weight as a trustee?
Are you pulling your weight as a trustee?
IOL: Should I resign as trustee given the new onerous measures?
Should trustees resign?