Lifestyle Financial Planning
Many parents—especially those with multiple children—struggle to determine how best to distribute an inheritance. In this regard, it’s helpful to consider the difference between equal and equitable.
In terms of the Long-term Insurance Act, the annuitant may nominate one or more beneficiaries to receive the remaining value of the living annuity on death, meaning that a living annuity is both a tax-efficient estate planning tool and an
International markets offer South African investors access to industries and sectors that are largely underrepresented or absent locally, including biotechnology, semiconductor manufacturing, aerospace and defence, electric vehicle production, and cloud computing infrastructure – with these sectors often being at the
A common and costly pitfall in divorce proceedings arises from improperly worded divorce orders. As such, it’s vital to ensure that the divorce order clearly and unambiguously states the intended division of pension interest to be valid and enforceable.
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
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
