Taxation of life insurance in South Africa revisited

  • RJ Clover
Keywords: Life insurance taxation, four funds basis, trustee principle

Abstract



This paper describes the theoretical framework underlying the four-funds basis for taxing life insurance in South Africa and records the historical steps in the development of the basis from inception to its current form. It goes on to evaluate the basis in its current form and to propose possible changes that should be considered.

South African Actuarial Journal Vol. 8 2008: pp. 1-34
Published
2008-10-28
Section
Articles

Journal Identifiers


eISSN: 1680-2179