personal income tax for financial planning 2019-20

Personal Income Tax for Financial Planning 2019-20

Brand new and updated to 2019-20.
Financial Planning consists of a number of different areas.  None of these areas are independent of the other.  Income Tax is one of the areas that impacts or that is impacted by, all other areas of financial planning.  It is like a golden thread that continuously runs throughout.

Many shy away from dealing with Income Tax as part of the financial planning process when it must be the starting point.  Not only must it be the starting point, but it must be considered throughout the process and every time the planning is reviewed or when changes are recommended.

Income Tax offers many opportunities to financial planners, advisers and other professionals, but also pitfalls if one is not knowledgeable and skilled in the area of Income Tax.  Income Tax is the one area where changes are introduced every year, therefore it is important to stay up to date with these and to understand how such changes impact current planning and structures.

The biggest pitfall of all is ignoring income tax altogether.  The second biggest pitfall is using marginal tax rates to account for income tax in the planning process.

Income Tax is also the area that most students struggle the most with when completing their financial planning and accounting studies.

What to expect

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

For a full breakdown of the program, see the syllabus below.

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.


  • Basic understanding of Income Tax will be beneficial;
  • Good understanding of financial products;
  • Eagerness to learn.

Who must enroll in the course

  • Financial Planners & 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.

Difficulty Level

The course starts off with some basics and it quickly builds from there to an intermediate and advanced level.

The course is rated as Intermediate/Advanced, as it is expected that you have a basic understanding of the subject already.  You will greatly benefit from this course and have more knowledge and skills to grow your practice and to increase the value you offer your clients.  We go into detail and therefore this is not an introductory course.  It is an intermediate/advanced course that includes some introductory elements.

CPD Points

CPD can be claimed for all our programs.  Our programs comply with all the requirements for Fit and Proper with the FSCA as well as the Financial Planning Institute.  Therefore, CPD may be claimed for both purposes.

  • Earn 5.5 CPD points for event participation (knowledge) when you successfully complete the course.
  • Earn 1 CPD points for completion of the recap challenges.
  • Total CPD points on successful completion: 5
  • Approval number: FPI20090029

Not sure yet if the course is for you?

  • Take the free lessons provided
  • Look for the green “FREE” icon in the lesson description below
  • Click on the lesson and enjoy!
  • No need to enroll
  • No need to register
  • Still not sure?  Please contact us to discuss your concerns
  • Also, check out our Frequently Asked Questions where we answer questions we receive most often

Course Information

Estimated Time: 10 - 12 hours

Difficulty: Intermediate / Advanced

Course Instructor

Francois du Toit, CFP® Francois du Toit, CFP® Author

Francois du Toit, CFP® holds a B. Com degree in Risk Management as well as the Post-Graduate Diploma in Financial Planning. He is an avid miniature figure painter with a passion for helping others succeed and for professionalising the Financial Services Industry. He holds the certification of CERTIFIED FINANCIAL PLANNER® or CFP® in good standing with the Financial Planning Institute of Southern Africa as well as being a registered Tax Practitioner with them and SARS. Francois offers a unique and powerful proposition to businesses employing Financial Advisers and Broker Consultants that leads to significant improvement in production and reduced advice risk. His practical experience, success, technical knowledge and understanding the challenges and opportunities in this field, ensure immediate practical application in the target market. Francois has designed and created very successful online courses for the Financial Planning Institute and has trained hundreds of financial planners, advisers and other trainers for among others Old Mutual, PPS, Liberty, Iress and atWork. His ability to answer questions that relate to practical on-the-ground issues is what sets him apart from traditional trainers who may not have been in practice.

Personal Income Tax for Financial Planning 2019-20


Welcome and Introduction

The Income Tax Act

Gross Income



Inclusions in Taxable Income and Special Deductions

Taxes, Rebates and Medical Tax Credits

Case Study 1

Additional Tax Aspects

Case Study 2

Bringing It Home

What Others Have Said

Understanding Personal Income Tax
By: Ronnie

This webinar has clarified and explained all aspects of Personal Income Tax in a very understandable format and easy to follow steps. Great content, Francois!

Understanding Personal Income Tax
By: Ronnie

This webinar has clarified and explained all aspects of Personal Income Tax in a very understandable format and easy to follow steps. Great content, Francois!