Up to date knowledge of income tax, and how it influences the advice we provide, is an essential element of financial planning. Milpark Education's Income Tax Refresher 2016 course provides you with the knowledge and skills you need to calculate the income tax liability for individuals, with a specific focus on the impact of the recent changes on each step of the calculation.
You will also explore how the changes affect the advice you give to clients, considering the various financial planning focus areas, such as saving for retirement, investments and the accumulation of wealth with the use of various assets.
This course is suitable for financial planners, legal advisers, tax practitioners and trainers within the financial planning industry who want to stay updated with changes in tax legislation and the effect thereof on financial planning. It is also ideal for students studying towards a Postgraduate Diploma in Financial Planning who want to ensure that they have a solid foundation upon which to successfully complete the qualification. Students earn 20 FPI CPD points on successful completion of the course.
On successful completion of this short course, you will able to:
- apply knowledge of the Income Tax Act to calculate the income tax liability of a natural person.
- apply knowledge of the Income Tax Act to calculate capital gains tax on the disposal of an asset.
- distinguish between the tax treatment of various lump sums paid to clients by employers in respect of accumulated leave pay or retrenchment packages (as well as the lump sums paid out by retirement funds in respect of withdrawal prior to retirement, upon retirement, death or retrenchment) to calculate the relevant tax payable by the client.
- apply knowledge of recent changes in income tax legislation to advise clients on the impact on their personal finances.
- This course has no admission requirements.
- A good level of English reading and writing proficiency is required.
Students need to complete the following process in order to register for this course.
Before applying, be sure that you:
- meet the minimum entry requirements as per the course programme brochure.
- adhere to the admission closing dates as per the course programme timetable.
- have all required documentation available as set out in the course program brochure.
Contact our student service centre at 086 999 0001 where a consultant will gladly assist you by completing your admission application on your behalf.