Lifestyle Financial Planning

Retrenchment
Navigating retrenchment: What you need to know
In most cases, your group life and disability cover will fall away once your retrenchment takes effect, so it’s important to secure cover in your personal capacity. The underwriting process can be lengthy, particularly if medical underwriting is required—so begin
Gig worker
Future-proof your finances in the gig economy
The workplace is evolving, with more businesses outsourcing specialised tasks to contractors rather than hiring full-time employees. According to the Southern African Freelancers’ Association (SAFREA), approximately 60% of freelancers hold postgraduate qualifications, with the majority based in Gauteng and the
Navigating your offshore investment options
Any disposal of your offshore investments triggers a capital gains event, with the gain being calculated as the difference between the value at the time of sale and the base cost of the purchase. This means that, if you sell
Strategies to close your retirement savings gap
Look for creative ways to generate additional income. The gig economy has made it easier than ever to earn extra money through tutoring, freelance work, renting out a room, or offering pet-sitting or delivery services. Every bit of extra income
Finding the balance between compulsory & discretionary investing
One key advantage of purchasing a living annuity with your retirement capital is that it is not subject to Regulation 28, allowing for more aggressive investment strategies, including 100% offshore exposure via Rand-denominated feeder funds. Direct offshore investing is not
retirement fund
Your retirement fund options on retrenchment
Keep in mind that any and all previous withdrawals and/or severance benefits are also taken into account when calculating the total taxable withdrawal, meaning that it is a cumulative total and not calculated on a pre-withdrawal basis. As such, be
Investing
Understanding in-fund versus out-of-fund annuities
Retirement
A guide to choosing your living annuity
A guide to special trusts for minors and beneficiaries with special needs
A Type A trust is designed to provide financial security for a person with a severe mental or physical disability who is unable to support themselves financially. It can be either an inter vivos trust that is set up during
A comprehensive guide to choosing your executor
If the executor named in your will has since emigrated, it may be wise to update your will and appoint someone based locally. This ensures a smoother estate administration process, avoiding delays and unnecessary financial burdens on your beneficiaries.
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