Welcome to the Ginsburg Financial Services Blog site!

Mitzie is accredited with most Life Assurance Companies as well as Medical Schemes in SA to give advice on their products. She has been playing an important role in the industry for approximately 23 years and have received many awards for her time spent actively participating in the field.

Click on the links below to find out more about financial information, medical aid and keep up to date with what you need to do for your will and testaments.

Estate Planning

What are some key factors to keep in mind when it comes to tax benefits in an estate plan? Everyone’s circumstances are different, so you need to consider the facts of each individual estate plan. But there are some principles to follow in most cases: Use the Section 4q deduction. Under section 4(q) of the Estate Duty Act, no estate duty has to be paid on anything bequeathed (left) to a surviving spouse. It’s only when the spouse dies that estate duty would have to be paid. Of course, clients don’t have to leave everything to their spouse – some people might not want to do that – but do consider using this deduction in your estate planning.Use the R3.5 million general abatement to its maximum – for example, by bequeathing assets to the value of R3.5 million to a trust. This abatement can be deducted from the net value of the estate, which means only the balance is subject to estate duty.Structure life policies more efficiently. If If structured correctly, a “buy and sell policy” – where a business partner owns a policy on the client’s life (they can buy out the client’s shares in the business on the client’s death) – is free of estate duty. This helps to avoid estate duty on that life policy.Understand capital gains tax exemptions. There’s a R300 000 capital gains death tax exemption – the estate gets the first R300 000 of gains free of capital gains tax. There’s also an exemption of up to R2 million of capital gains tax on the primary residence. How do retirement planning and life insurance fit in to... read more

Your retirement fund is not an ATM

In these current market conditions, if you have a job, hold on to it. Resigning from a job without a new one lined up, just to access the money saved in your retirement fund can have devastating consequences down the line. Steer clear of your retirement fund.

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Bryte Engineering Policy Amendments

We recognise the devastating impact that the current Covid-19 pandemic is having on businesses and people in South Africa and beyond. We applaud the government’s swift and decisive action to mitigate transmission risks in South Africa, as we all play our part in flattening the curve.

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Can you access trust assets to settle a trustee’s debt owed to you?

A recent webinar hosted with Business Report dealt with the importance of proper administration of a trust to prevent a trust from being labelled someone’s ‘alter ego’ (an extension of oneself), whereby the trust form is disregarded when is comes to claiming money from a person, resulting in the inclusion of the trust’s assets in calculating a claim typically against a trustee.

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When upgrading to a Gap Cover option that provides more comprehensive benefits, our 12 Month Pre-Existing Condition Waiting Period applies to the enhanced benefits. But… effective immediately, existing clients can make the most of our annual Option Change Window Period and change their Gap Cover option with a cover start date between 1 September 2020 and 1 March 2021.

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