Archive | Financial Planning

Personal Retirement Strategies – 2

We continue our discussion around key questions that retirees should be asking themselves and what strategies they should be adopting. How can I potentially grow my assets during retirement? Retirees must continue to view themselves as long term investors. Retirement now is likely to last far longer than pre-ceding generations. This means that a significant […]

Budget Predictions for the 22nd

On the 22nd February 2017, Pravin Gordhan will be presenting his 2nd budget in his 2nd stint as Finance Minister. Time will tell as to whether it will his swansong budget speech, hopefully recent reports of renewed shenanigans within the government come to naught. It is no secret that to appease the rating agencies, who […]

Personal Retirement Strategies – Part 1

Historical retirement planning meant only one thing; saving and investing every last cent and then living off this nest egg and hoping that you passed on before the capital was exhausted. Potential retirees in the 21st century require a more thoughtful and innovative approach that’s personally tailored to their circumstances; aligning spending expectations with sources […]

Making Your Financial New Year’s Resolutions Stick

A new year inevitably arrives full of hope and promise, and so it should! There are well intentioned resolutions that lead to a promise of better things to come. Whether it’s to lose weight, achieve a certain level of fitness, or reduce debt, it’s always a long ask for most people. Many resolutions hardly make […]

Give the Gift that Keeps on Giving

It is hard to believe that 2016 is nearly over and we are fast heading into the Christmas festive season. This often brings along the perennial question to most us: What do I get as presents for kids and/or grandkids? Well, this year, why don’t you give them a gift that keeps on giving, a […]

The Money Mistakes We Make

As we venture through life, whether we like it or not we need to deal with money and the consequences of our financial decisions. Each stage of life has unique challenges of its own and researchers have found commonality in the issues faced. 20’s: Playing it too safe: We are young with the rest of […]

SVDP Tax and Exchange Control Amnesty – Last Chance Saloon

We are now officially into the into the 2016/17 amnesty application period, or the Special Voluntary Disclosure Program (SVDP) as the authorities prefer to name it. This SVDP is open to South African resident individuals and companies. Settlors, donors and beneficiaries of foreign discretionary trusts may elect to apply in their individual capacities. The South […]

Trusts: The Long and Winding Road

We have known for quite a while that government is not at all fond of trusts and the manner in which they allow wealth to be efficiently transferred from one generation to the next. This dislike has manifested itself in a number of ways. Trusts are taxed at a flat rate equivalent to the top […]

There is no such thing as free financial advice

A recent study in America, of 10,000 households that utilized the services of a Financial Advisor, showed that 51% of people interviewed, did not know the cost of the financial service being rendered. Better still, they thought that they were getting their financial advice for free. This is an astounding statistic, and is also probably […]

A Testing Time for Trusts

On the 8th July 2016 National Treasury released the much anticipated Taxation Laws Amendment Bill (TLAB). Finance Minister Pravin Gordhan in his February budget speech had made some pretty scary remarks about where he wanted legislation to go as pertaining to trusts. The TLAB gives us a window as to exactly where that legislation is […]