Trusts can be a fantastic tool for protecting assets, planning for the future, and even saving on tax—but only if they’re managed correctly. Many people assume that trusts automatically reduce tax, but without proper planning, they can actually create huge tax burdens. In this article, we explain the key tax rules with practical examples to help you avoid common mistakes. If you’ve ever wondered whether a trust is the right choice for your clients or how to legally minimise tax, this article will give you the answers.

This year’s budget is all about striking a balance—managing the country’s rising debt while still investing in things that matter, like education, healthcare, and energy security. Our government plans to draw from reserves to cut borrowing instead of hiking tax rates—but don’t get too excited just yet. Income tax brackets won’t be adjusted for inflation, so many people will end up paying more tax anyway. Expect higher prices on alcohol and cigarettes, possible fuel levy increases, and tax breaks for green energy businesses. With debt climbing towards 75% of GDP, big decisions are coming—how will they affect you? Let’s break it down!

Explore SARS's commitment to the CARF, its implications for the crypto market, and the role of South African Tax Practitioners in this evolving landscape.