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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Present a proposal to optimise the tax aspects of the wealth management of an entity 
SAQA US ID UNIT STANDARD TITLE
242574  Present a proposal to optimise the tax aspects of the wealth management of an entity 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  4 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
14521  Present a proposal to optimise the tax aspects of the wealth management of an entity  Level 5  Level TBA: Pre-2009 was L5  4   

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for learners who give financial advice such as Intermediaries, Financial Planners, Retirement Fund Consultants, Product Developers, Trust Officers, Tax Planners, Financial Managers, Company Secretaries, Auditors, Bankers and Attorneys.

The qualifying learner is capable of:
  • Demonstrating knowledge and insight into how different assets and instruments are taxed.
  • Analysing the current tax position of an entity.
  • Identifying possible tax solutions.
  • Presenting a possible solution to optimise tax aspects of a wealth management portfolio. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is:
  • Investment instruments include, but are not limited to unit trusts and other collective investments, Long-Term policies, retirement annuities, retirement funds, equities, property, fixed assets, containers, hard assets, stocks, investment portfolios, money market instruments and offshore investments.
  • An entity is an individual, company, close corporation or trust, but excludes large multi-national companies. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate knowledge and insight into how different assets and instruments are taxed. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The tax implications on different investment instruments are explained with reference to capital growth, income, deductions and exemptions. 

    ASSESSMENT CRITERION 2 
    The ways in which different types of accruals are taxed are explained with reference to interest, dividends, capital growth, rental and capital gains. 

    SPECIFIC OUTCOME 2 
    Analyse the current tax position of an entity. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The assets of an entity are scrutinised to determine which assets produce income or capital that is taxable and the type of tax incurred by each. 

    ASSESSMENT CRITERION 2 
    The tax position of the entity is established based on the current assets and liabilities. 

    SPECIFIC OUTCOME 3 
    Identify possible tax scenarios. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Potential tax solutions are researched in terms of legislation, the nature of the entity, the nature of the assets and tax efficiency. 

    ASSESSMENT CRITERION 2 
    Instruments that optimise the best after tax return for a specific entity are explained in terms of the advantages and disadvantages of each beyond tax. 

    ASSESSMENT CRITERION 3 
    The potential impact of a tax solution on an asset portfolio is calculated and explained for different solutions. 

    SPECIFIC OUTCOME 4 
    Present a possible solution to optimise tax aspects of a wealth management portfolio. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A final proposal is drafted that includes recommendations, calculations, advantages and disadvantages of the proposal and cost implications. 

    ASSESSMENT CRITERION 2 
    A plan of action including timeframes is drafted to restructure a portfolio in terms of the proposal. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in proposing a potential tax solution. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage him/herself and his/her activities responsibly and effectively in drafting a proposal and plan of action for restructuring a portfolio. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in order to propose possible tax solutions. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills in the modes of oral and/or written presentations in explaining a proposed solution and drafting a proposal and plan of implementation. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively and critically in manipulating information using a computer. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation in explaining ways in which different types of income are taxed and explaining the potential impact of a tax solution on an asset profile. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 14521, "Present a proposal to optimise the tax aspects of the wealth management of an entity", Level 5, 4 credits.

    Search words: tax, tax solution, wealth management, portfolio analysis. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  66611   National Certificate: Wealth Management  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.