Financial Planning

How to save during tough times

We currently find ourselves in a market that hasn’t shown any real growth over the past five years and even the most optimistic investors are now starting to panic, especially those who have already retired. With the cost of living rising rapidly, many pensioners are forced to increase their withdrawal rates to well above the […]

Financial Planning

Structure your direct offshore investment correctly, from the start

Do your own research and approach emigration and externalisation of assets with exceptional levels of critical thinking, not based on emotions. South Africans are currently facing the difficulty of making financial decisions in light of worrying new headlines. Many investors are grappling with planning ahead and making thorough capital allocation decisions despite high levels of […]

Financial Planning

You CAN invest in direct shares within your RA

In recent weeks, we have busted a myth or two regarding retirement annuities (RAs), and proved the product’s undeniable benefits to investors. This week, I would like to focus more on the structure of an RA, and specifically on direct shares in an RA for those who feel that an RA does not necessarily meet […]

Economy Financial Planning

How will the national budget affect your personal budget?

In Greek mythology, we are told about the infamous siren. The siren is a creature with the head of a woman and the body of a bird. According to mythology, they lived on an island where they lured passing sailors towards them with their enchanting and irresistible singing voices, causing ships to wreck on the […]

Economy Financial Planning

Endowments for higher income earners

Until very recently, the one job that I would have avoided at all costs, was that of a crane operator. If you had to measure my fear of heights on a scale of 1 to 5, it would probably rate closer to 45. In all honesty, though, if the government offered me a job as […]

Financial Planning

Best kept secret: Direct shares in your retirement annuity

The 28th of February doesn’t only mark a very important date for most companies who face financial year end, but also for countless personal tax payers. Before you lose hope in thinking of the massive task that lies ahead of you, however, I would like to focus on the advantages of tax returns that most […]

Financial Planning

How to save, even if money is sparse

Following my article under the heading “Retirement, it’s time to take your head out of the sand” (finweek of 8 September), I was asked to discuss the matter further on the weekly TV show finweek Money Matters. I won’t say that it was unexpected, but following my comment that the best time to start saving […]

Financial Planning

The advantages of managing a Trust’s share portfolio in an endowment

Following the recent 2016 Budget Review, and more specifically the massive increases in South African capital gains tax announced by Minister Pravin Gordhan, I compared the mind-set of many investors towards endowments to the driver that has been taking the same road to his/her chosen destination for years, simply because he/she thought that it has […]

Economy Financial Planning

New Capital Gains Tax: Change your mind-set

For many years, we’ve been taking the odd family trip to Hermanus and we have always taken the same national road to get there. Assuming that because it’s a national road it has to be the fastest way, we never even considered alternative routes. I never bothered to consider them, because this is the way […]

Financial Planning

Retirement Planning: What to do in your 50s

We are truly blessed when we consider how convenient things have become. You can walk into any convenience store or supermarket, visit the fresh produce section and get a fairly accurate idea of how fresh a product is just by looking at the ‘sell by’ date. Although the selling of most items these days is […]

Financial Planning

A glass half full with new tax legislation on Retirement Annuities

When I do presentation about retirement, I usually start with the amount of R1 410. No, this is not the price of a new golf ball in a month or two (if the Rand continues its downward spiral), but rather the current government pension grant (R1 430 for people aged above 75). I am convinced that this […]