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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2569 |
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This can be rectified if Collin increases the amount on his life policy which has the estate as a beneficiary from R500 000 to a greater amount. Collin can also reduce his liability by paying off on what is owing including the credit card which means his assets will be more than his liabilities. Also Elsie can sell the unit trusts which will mean there will be more money available in Collins estate...
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Also Elsie can sell the unit trusts which will mean there will be more money available in Collins estate.
Question 3:
|Defined Contribution |Defined benefit |
|Defined contributions plans are |-A defined benefit it determines the employee benefit as a |
|In effect tax deferred savings accounts in trust for the employer|function of both years of both years of service and wage history|
|and they are fully funded...
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