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...
Tag: anglowealth
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...
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...
Tame your finances to regain control of your money
Credit, in conjunction with bad spending habits, often leave many South Africans living from payday to payday. However, it is never too late to take control of your finances and free yourself from bad spending habits. Recent surveys conducted by Debt Rescue, indicate that 85% of South Africans need help, financially and emotionally as...
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...
The economic volatility surrounding the pandemic | A financial perspective
The COVID-19 pandemic has affected us all in different ways. Of which, our emotional and financial health suffers in such times of volatility. What you need to remember is that during this period, we are surrounded with anxious situations that render us feeling that one situation will result in our entire world. In such...