Stream 1: Wealth Preservation and Financial Planning
08:30 to 09:30
Pros and Cons of Domestic Savings Products: Ensuring Your Savings Outlive Your Old Age (Panel Discussion)
Taxpayers have many options to choose from in terms of savings (e.g., pensions, collective investment schemes, bank accounts, endowment policies and real estate investment trusts). Each of these instruments has a different commercial and tax profile. The panel will cover the various aspects of these options.
Ascor Financial Advisors
09:30 to 10:30
Investing Offshore: Is the Cost Worth the Risk? (Panel Discussion)
With the release of the Panama Papers and other scandals, multiple efforts are being made to end global tax secrecy and other international tax reduction techniques utilised by the wealthy. The question presented is whether offshore havens remain a meaningful tool for tax reduction in terms of wealth planning, especially given the higher level of audit once revealed.
Hugo van Zyl
FNB Fiduciary Premium
Geneva Management Group
10:30 to 11:00
11:00 to 11:45
Funding Trusts in the Aftermath of Section 7C (Panel Discussion)
The use of loan funding has historically been a prime tool for funding trusts. The question presented is the viability of this tool with the 2017 enactment of section 7C as well as an examination of alternative funding options.
University of Johannesburg
11:45 to 12:30
The Trials and Tribulations of Dismantling Trusts (Panel Discussion)
Government has waged a long-standing fight to reduce the tax benefits of trusts. Many tax benefits have been lost with numerous taxpayers wondering whether the administrative and other costs of their trusts make the effort worthwhile. For discussion is how to dismantle trusts for those seeking a smooth exit.
Cliffe Dekker Hofmeyr
University of Johannesburg
12:30 to 13:30
13:30 to 14:00
Continued Viability of Domestic Trusts (Solo Speaker)
Given the government crackdown on domestic trusts, the question presented is whether domestic trusts are still a viable planning tool. This session covers the commercial and remaining tax benefits of domestic trusts and how risks can be minimised.
The Tax House
14:00 to 14:30
Moving Funds Offshore: Exchange Control and Similar Limitations (Solo Speaker)
The political situation in South Africa has given rise to growing currency risks with many seeking to shift their excess funds offshore. This session will cover the ongoing flexibility and challenges of shifting money offshore in terms of individual and family wealth planning.
Charles van Staden
14:30 to 15:00
The Davis Tax Committee and the Renewed Assault on Wealth (Mini-Panel Discussion)
The Davis Tax Committee has been heavily influenced by various global discussions about the growing gap between rich and poor. For debate is whether further tax tools (such as a wealth tax) are needed or are useful to ease this gap without hindering growth in the South African context.
Ruaan van Eeden
15:00 to 15:30
15:30 to 16:30
Income Tax and VAT Refunds: What is the Real Story? (Town Hall Discussion)
Much has been said in the media about the stickiness of obtaining refunds. For examination is the veracity and source of this narrative as well as whether all taxpayers or only certain taxpayers are being impacted.