Sue Torr
One of the primary attractions of a living annuity is the investment flexibility it offers. Because it is not governed by the Pension Funds Act, the Regulation 28 asset restrictions fall away, and you can design a portfolio without caps
Fast forward a few decades, and many of those children are now the first in their families to earn a steady income, own property, or meet with a financial planner – their approach to money being shaped as much by
One of the key features of a fee-based model is its transparency, as the cost is usually expressed as a clear percentage of assets under management or a fixed Rand amount, with no hidden commissions, rebates, or third-party incentives.
In terms of the Income Tax Act, individuals can donate up to 10% of taxable earnings towards an approved Public Benefit Organisation (PBO) on a tax-deductible basis, but to receive the tax exemption, you need to ensure that the non-profit
A significant advantage of a living trust is that it allows you to peg the value of assets in your personal estate while enabling the growth on those assets to take place in the trust. This can reduce your estate
Significantly, the impact of lower earnings leads to reduced access to employer-sponsored retirement contributions, lower levels of group life and disability cover, reduced ability to invest meaningfully, and a diminished ability to benefit from compound growth over time.
Professional advice is invaluable in ensuring compliance with South African law, notably around clauses such as the appointment of an executor, guardian nominations, and the establishment of testamentary trusts.
With the implementation of the Two-Pot Retirement System from 1 September 2024, it is more important than ever to evaluate your options carefully when changing employers. Decisions regarding your retirement savings can have a lasting impact on your financial future.
Overly complex Wills, especially in the case of blended families and previous spouses, can result in delays in the administration process where disputes arise due to unclear wording or clauses that can be interpreted in different ways. Any legal challenge
