Until you can’t
There is a saying that planning to fail is better than failing to plan. This could not be truer when it comes to estate planning and making sure you have all the needed documents and information safely stored and available for your family, should you pass away. In a fantastic country song titled ‘Til you […]
Retirement Annuities: Your Path to Tax Savings and a Secure Future
One of the most effective ways to save for your future while reducing your tax burden is by contributing to a retirement annuity. These investment vehicles are designed to help you prepare for retirement, offering the significant advantage of tax-free growth within the underlying portfolio. Why Choose a Retirement Annuity? You can contribute up to […]
The hidden risk: Critical illness and why comprehensive coverage is essential for professionals
As working professionals, we’re accustomed to planning for our careers and future financial goals. However, one thing we might overlook is our health and the potential impact a critical illness can have on our professional and personal lives. The most common claims for critical illnesses include four major conditions: Cancer Heart Attack Stroke Coronary-Artery Bypass […]
Why you should bridge the medical aid gap
Why South Africans Should Bridge the Medical Aid Gap Medical aids may not always fully cover in-hospital tariffs, leaving South Africans to pay the difference from their pocket. Although gap cover can help provide financial protection against tariffs not covered by medical aid, Sanlam estimates that less than 10% of South Africans on medical aid […]
What to do during a motor accident
1. STOP, STAY CALM, Do not admit guilt or make any promises. 2. Take PHOTOS of the accident scene, the damage to involved vehicles, the registration & license disk of the other vehicles. 3. COLLECT the personal, contact & insurance DETAILS of the other parties. 4. If there are WITNESSES (Not from any of the […]
How to plan for a successful retirement and make your money last longer
People across the world are living longer, with economists forecasting that living to 120 is now an imaginable concept within the next decade. “This has significant implications for retirement planning, especially given the financial and lifestyle changes associated with this milestone,” says Lise-Mari Crafford, head of ManCo Distribution at Allan Gray. The World Health Organisation […]
Why do I need a Financial Advisor?
You need to manage your money. This implies more than just budgeting to get by on a monthly basis or watching expenses (although these too are necessary). You also need to manage your money to fulfill your dreams (or in financial terms ‘achieve your investment objectives’). It may not be your priority yet, but this […]
Retirement annuities to the rescue
One of the best ways to save for the future and to decrease your tax bill is to make contributions to a retirement annuity. Retirement annuities are investment products that allow you to save for your retirement – and the underlying portfolio is NOT taxed. Why an RA? Individuals can contribute up to 27,5%, capped […]
Will I be paying more tax?
Tax Deductions (PAYE) on your Pension or Annuity SARS has decided that what is sauce for the goose, is also sauce for the gander. In tax terms this means, that if pensioners or annuitants receive their income from more than one source, they will be taxed on this total income on an ongoing basis, just […]
Things you should know about your Last will and testament
BEFORE WE DELVE INTO THIS, LET’S START WITH A FEW QUESTIONS: a) Do you have a Will? If yes, continue reading. b) Have you reviewed your Will in the last 5 years? c) Have any of the following changed during the last 5 years: • Marital Status • Family composition • Assets attained (relocated? property […]