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The ‘Clean Break’ Principle

The ‘Clean Break’ Principle

The clean break principle was first introduced by the Pension Fund Amendment Act 11 of 2007 and allows pension funds to deduct an amount or percentage from a member spouse’s pension benefit and transfer to the non-member spouse. The underlying philosophy of this...
Tax and deceased estates

Tax and deceased estates

‘Nothing is certain except death and taxes’ – Benjamin Franklin, 1789. Not much has changed in the more than two centuries since that statement was made. Together with the Master of the High Court, the South African Revenue Service (SARS) plays an...