If you are helping your grandchild to save, or paying for their education, be fully aware of the tax implications.
Tag - donations tax
Changes to the taxation of estates could leave a surviving spouse with a hefty tax bill.
Trusts may be one way to protect your assets from creditors but it is not something you should enter into lightly as the negatives could outweigh the benefits of protection.
Investing for your children is a generous act of foresight, but you should be aware of the tax implications.
A marriage contract is not just about divorce; it defines what happens to your finances while you are married. Not formalising your relationship could cost you more than you realise. When Melanie and John decided to get married after living together for 29 years, it was not for romance but rather for practicality. “In September last year my...