Advising High Net Worth Individuals

Date: Mar 7, 2024 - Mar 7, 2024

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Carmen Westermeyer
BCom (Honours Accounting) [UND] CA(SA)

SARS has decided that anyone with a balance sheet of more than R50 million deserves a little bit of VIP attention.


Early 2021, SARS announced that a new unit that focuses solely on individuals with wealth and complex financial arrangements was established. The unit, known as the High Wealth Individual Taxpayer Segment (HWI), focuses on taxpayers who fall into this category. It is often the case that wealthy individual hold assets unique to this sector, including offshore investments, prompting SARS to increase their compliance focus to filter out non-compliant individuals using information at their disposal since adopting the international standards set out for the Automatic Exchange of Financial Account Information.

It is imperative that tax practitioners working with clients in this segment possess fine-tuned skills to handle queries from SARS. Join Carmen Westermeyer in this 2 hour webinar where she will unpack topics such as relevant Interpretation Notes, and the correct disclosure requirements for SARS.

Webinar Content

  • Trusts issues in the spotlight, with a focus on foreign beneficiaries
  • An update on offshore retirement funds.
  • Recent developments at SARS with regard to tax returns for individuals meeting the criteria of High Wealth Taxpayers.

Competencies developed in this webinar

After attending this webinar, you will be:

  • An understanding of how foreign beneficiaries can impact your local trusts.
  • Gaining an update on your disclosure requirements to SARS.
  • Understanding the current interpretations and risks associated with offshore retirement funds.


Carmen Westermeyer

BCom(Honours Accounting) [UND] CA(SA)

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC, where she remained until 2006. She has been a member of SAICA since then.

In 2008, she started her academic career at UKZN, where she performed a number of functions, taking on the role of Academic Leader for Taxation. On leaving academia in 2013, Carmen has been providing training and consulting services to the profession. She has presented on behalf of various professional bodies, such as SAICA, FASSET, CSSA as well as providing in-house training to numerous accounting firms. The topics covered include all aspects of income tax, VAT, estate duty as well as the health levy (sugar tax). In addition, she regularly consults on tax matters as well as assisting with SARS disputes.

She is also the Chair of the SAICA Eastern Region Tax Committee, a member of the SAICA National Tax Operations Committee and is an Accounting Member of the Tax Court.


Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of Tax CPD.

Event Investment

Free for Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

  • Regular price:  R460.00
  • Special rate for SAIT members:  R368.00
  • Group booking discounts available when you register for a group.

Payments & Cancellations

  • All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
  • Kindly note that should payment not be received 2 days after the event, legal action will be taken
  • Proof of payment will be requested at registration, if payment does not reflect on Tax Faculty's bank account.
  • Cancellations:
    • Only written notice of cancellation will be recognized.
    • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
    • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
  • Delegates who book and fail to attend will be liable for the full event fee.
  • Tax Faculty`s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
  • Please click here for the full terms and conditions.

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