Sue Torr
Following on from the above, it’s important that investors accurately declare their over-contributions to SARS and do not mistakenly claim them as tax-deductible in the year they are made, keeping in mind that incorrect reporting can result in the disallowance
Recency bias happens when investors give too much weight to recent events, ignoring long-term data and trends. For instance, after the sharp market crash triggered by the Covid pandemic in early 2020, many investors panicked and sold their investments –
Before you can start planning the possible division of assets, the first step is to understand the nature of your marriage contract and how this affects what you are legally entitled to in terms of law. If you are married
As the trust founder, you will be required to relinquish control of your assets into the care of your nominated trustees and, in doing so, you will want to ensure that you have full trust in the person (or people)
Government has long incentivised retirement savings through a range of tax concessions. Individuals are allowed to contribute up to 27.5% of their taxable income, capped at R350 000 per year, to retirement funds, including RAs, on a tax-deductible basis.
A lack of adequate retirement facilities and the prohibitive costs of retirement homes has resulted in many retirees being forced to explore alternatives for their post-retirement living other than what they had planned for. For many retirees, assisted living, frail
A financial planner is often a lifelong partner, so understanding how their practice is structured is important. Ask who will manage your portfolio if your advisor is unavailable or leaves the firm. Is there a succession plan in place? Does
