Personal Income Tax for Financial Planning 2019-20 online course
This course focuses on Personal Income Tax and specifically how it impacts and is impacted by, Financial Planning. This course will equip you to do 4 things:
- Correctly calculate a client’s income tax for a specific year
- In a practical manner, determine the impact of a Financial Plan (or different scenarios) on a client’s tax position
- Identify Financial Planning Opportunities from a client’s tax assessment, and
- Make informed recommendations.
As part of the program, you will receive:
- Personal Income Tax for Financial Planning Handbook (PDF Download)
- Video Lessons
- Examples to help you understand the concepts more easily
- Practical Case Studies
- Challenges to help you gauge your progress
- Downloadable templates
Learning Outcomes / Objectives
- Identify opportunities to structure a client’s remuneration in a tax efficient manner
- Understand the impact of different types of investments on the client’s tax position and vice versa
- Understand the impact of risk strategies on the client’s tax position
- Calculate the tax payable by a client for a given tax year for different scenarios
- Know, understand and apply the Anti Avoidance Measures
- Know and understand the latest tax changes (both implemented and proposed)
- Determine the maximum allowable deduction for Retirement Fund Contributions
- Understand and utilise excess rollover contributions
- Calculate and apply Medical Aid Tax credits correctly
- Assist clients with Travel Allowances to determine how much they should ideally receive annually
- Company Car Fringe Benefit Value Calculations
- Employer Contributions and how it is treated
- Calculate Tax on Retirement Fund Lump Sums.
Prerequisites
- Basic understanding of Income Tax will be beneficial
- Good understanding of financial products
- Eagerness to learn.
Who must enroll in the course
- Financial Planners and Advisers
- Accountants
- Bookkeepers
- Tax Consultants
- Broker Consultants who want to provide enhanced value to their panel
- Paraplanners
- Sales and Branch Managers
- Franchise Principals
- Key Individuals
- Support staff that helps with the Financial Planning process
- Students studying an NQF5, 6, 7 or 8 qualification in Wealth Management / Financial Planning.
Online course details
Online course registration
Register for this online course →
