Are you aware of the different money personalities? Ever wondered what your money personality is and what it means for your bank account? For the festive period, we have decided to look at the different type of money personalities to help you identify yours so that you can learn more about the pros and...
Inter-generational Wealth
What comes to mind when thinking of inter-generational wealth, is the dynasties that have managed to accumulate massive family fortunes over multiple generations. However, the accumulation of inter-generational wealth is a lot more attainable than it is considered “glamorous” – or at least it should be. The article below expresses the need to accumulate...
Don’t build your retirement home with bricks
This article aims to provide findings and insights on investing in property in preparation for retirement planning, derived from Senior Investment Consultant at 10X Investments, Michael Rossouw. In essence, there is more to investing in property. Rossouw articulates, “There’s a spreadsheet, and there’s the real world.” Investing in property on paper appears simple: borrow...
Verdict on Retirement Fund Withdrawal Coming Soon
In this article, we look at findings and insights derived from an interview with Head of Tax Technical at Tax Consulting SA, Jean du Toit. The time is drawing closer for South Africans who are considering emigrating to learn their fate around pensions. There has been a long wait since the publication of the...
How South Africans can save money with day hospitals
An article by FA News (2020) on day hospitals brings to light the transformation of the surgical experience for millions of patients, in providing a cost-effective and convenient alternative to hospital-based surgery, as per Affinity Health. This time of year is when people receive notification on fee increases, which is why Affinity Health advises...
Managing your stress will help your brain make better decisions about money
There has been reports of emerging science with regards to the brain matter, specifically showcasing the cause of stress to cause investors to make impulsive, high-risk decisions about their finances. According to Bloomberg (2019), South Africa was rated the second-most stressed country in the world. Therefore, it can be said that there is uncertainty...
Tax smart investing in turbulent times
Amid unsure times, being tax smart and investing optimally can go a long way to improving one’s long term financial outlook. In this article, we look at findings and insights derived from an interview with Senior Legal Advisor at Nedgroup Investments, Denver Keswell. Keswell shares useful tips to make the most of tax-saving opportunities...
Different retirement funding vehicles and how they work – A look at the rules for withdrawals, early termination, and transfer
In this article, we explore in more detail, the various types of retirement funds that are available to investors, as well as the rules that are applicable regarding withdrawals, early termination, and transfer. Pension fund Contributions The contributions that an employee makes towards a pension fund are tax deductible up 27.5% of pensionable income,...
People are living longer, baby boomers retiring later
FA News (2020) compiled an article of views on trends and what to expect in the year 2020. According to Viresh Maharaj, Chief Executive of Corporate Sales & Marketing at Sanlam, the key trends that will shape our future, specifically 2020, include: 1. The rapid consolidation of standalone funds into umbrella funds. Standalone retirement...
What happens to your debt when you die?
A deceased estate is a term for your assets, income, and liabilities after you pass. This is vested in the Master of the High Court, who appoints an executor to manage the affairs of this estate – including: collecting assets, liquidating the estate’s liabilities, and distribution of the balance to heirs. The executor is...