Income Tax Refresher (Online)

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.