Living annuity vs life annuity

Once you opt to retire from a retirement savings product, two-thirds of your funds need to be invested into a living or life annuity. If you have reached retirement (55), the time to draw an income from your retirement savings is now. People who have retired have two options, to purchase either a life...

South African companies are battling the pandemic and recession – Companies in key industries and coping with the unprecedented crisis

An article by Moneyweb (2020) has reported on the various business sectors in South Africa and their responses to coping during the COVID-19 Pandemic and lockdown restrictions since March. In this time, the South African economy has suffered the longest recession in 28 years, with millions who have lost their jobs. Banks The demand...

Financial anxiety is up around the globe – Moneyweb Surveys (2020) suggests that many people are perilously unprepared for a major economic jolt

As the world reels from the economical shockwaves of the COVID-19 Pandemic, surveys (Moneyweb, 2020) suggest that we are unprepared for a major economical shock. The following statistics were taken from the Organisation for Economic Cooperation and Development’s 2020 International Survey of Adult Financial Literacy. 42% of the 125 787 adults selected “worrying about...

Safar 1442

Literal meaning: “Empty” During this month, the houses used to be empty and deserted because the ban on going to war in the month of Muharram came to an end and everyone proceeded towards the battlefield. Safar also means to be yellow. When the names of the months were being given, it was the...

There’s more than one benefit in this for you

Endowments are often overlooked when it comes to portfolio planning, but they offer many benefits to investors. Endowments are investment ‘wrappers’ around underlying investments in equities, property, bonds and cash that offer tax and estate planning benefits, especially to people in a 30%-plus tax bracket. Originally considered expensive, inflexible and opaque, decreases in cost,...

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