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....
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
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
If you hold both discretionary and compulsory investments, structuring your withdrawals tax-efficiently is key to preserving your wealth. You must also manage drawdowns from your living annuity carefully to prevent premature depletion of your capital or future cashflow constraints.
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.
Budgeting should not be viewed as a stressful or punitive exercise but rather as a normal and essential part of financial well-being. Too often, adults only start budgeting when they find themselves in financial difficulty, unintentionally reinforcing the idea that
The financial impact extends beyond lost income—it also includes the long-term consequences of missing career advancements, and the opportunity costs associated with stepping back from work.
Most importantly, full disclosure on your insurance application form is critical to ensure that your claim is not rejected at claims stage. Remember, even a seemingly small non-disclosure which has no relation to one’s disability can result in your claim
The Wills Act prescribes strict requirements for a valid Will, and any deviation may render it invalid. Importantly, your two witnesses must be competent and must sign in full at the bottom of each page.
We all know that children are expensive so start preparing your baby budget as soon as possible because costs add up quickly. Consider the costs involved in adapting or renovating your home to accommodate a small child. This could include
One of the most critical decisions you’ll need to make involves the money held in your employer’s pension or provident fund. If your retrenchment is due to operational requirements or your employer ceasing operations, your retirement lump sum is considered
