Open post

How to avoid the retirement crisis

South Africa is currently in the midst of what is widely referred to as a ‘retirement crisis’, which could intensify if the issue isn’t addressed properly soon. After a period of excellent investment returns that have, up until recently, somewhat masked the fact that retirees in living annuities haven’t saved enough, local retirement fund members have now entered a lower-return environment, which will only exacerbate the problem. Only a small percentage of the population is believed […]

Continue readingMore Tag
Open post

Hooray for RAs

Retirement Annuities (RAs) have been around for a long time, and are basically private pension plans that help you to save for retirement. As we near the end of yet another tax year, we move into a period that is often referred to as RA season, which is a good time to weigh up the advantages of this investment product. Over the years, RAs have evolved into much more flexible and affordable investment vehicles than they […]

Continue readingMore Tag
Open post

Prepare for additional tax increases next year

Towards the end of 2017, President Zuma instructed South Africa’s minister of finance, Malusi Gigaba, to resolve economic challenges after Standard & Poor’s lowered both the country’s long-term foreign and local currency debt ratings by one notch on Friday, 24th November. A statement was released about the measures that would need to be taken to trim expenses and increase revenue in order to address the R40-billion deficit identified by the ratings agency and October’s Medium-Term Budget […]

Continue readingMore Tag
Open post

Is a tax-free savings account the best option for you?

Many South Africans have started taking advantage of Tax Free Savings Accounts (TFSAs), which were established by the government as an easy and safe way for citizens to increase their savings. When investing in a TFSA, you won’t be taxed on any growth on your investment — you won’t pay tax on dividends, interest or capital gains tax. And when you consider that the interest offered in a traditional savings account is usually less than the […]

Continue readingMore Tag
Open post

Attainable financial resolutions for 2018

Can you remember what resolutions you made last January? Or for how long you kept them? The trouble with resolutions is that they’re often made half-heartedly, in an annual acknowledgment of our inadequacies and a cursory attempt at self-improvement. Once the hazy days of the holiday season are over and we are faced with the realities of day-to-day life, even the most well-intentioned of us tend to succumb to temptations or old habits far quicker than […]

Continue readingMore Tag
Open post

Tread Lightly this Christmas

It’s easy for Christmas to turn into a frenzied flurry of wasteful consumerism, and to find ourselves knee-deep in ripped-up wrapping paper that we discard in a hurry before Christmas lunch. But before you fill black bin bags with gift tags and empty jars of cranberry sauce, pause for a second to think about how you could help the environment this festive period. According to a report compiled by the World Bank in 2016, South Africa […]

Continue readingMore Tag
Open post

Wealth tax for national healing?

Saturday, 16th December is an important day in the South African calendar as it marks the Day of Reconciliation. The significance dates back to two events in history. The first of these was in 1838, when the Battle of Blood River took place, and 470 Voortrekkers (who had the advantage of gunpowder) defeated the 10,000-strong Zulu army. This was after the Zulu chief, Dingane, misunderstood the Voortrekker leader, Piet Retief’s, intentions to negotiate, so murdered him […]

Continue readingMore Tag
Open post

Enjoy a water-wise holiday period

The Cape water crisis is now a reality of which most people living in South Africa are very aware. Cape Town is preparing for a harsh summer ahead, and the local government attests that it is doing everything in its power to ensure that the Mother City makes it through this challenging time. Water consumption is currently at 585-million litres of collective usage per day, and must be reduced further, so it is important that all […]

Continue readingMore Tag
Open post

Medical aid considerations

As we begin the run-up to the festive season, sounds of yuletide carols and outdoor concerts will soon fill the air, and you’ll find yourself pondering philosophical questions, such as who exactly likes Christmas pudding and why do we only eat cranberry sauce once a year? With all the merriment, it’s easy to get caught up in advent adventures and forget the more clerical side to the Christmas countdown. For, come the new year, along with […]

Continue readingMore Tag
Open post

The cappuccino effect

Wednesday, 8th November is National Cappuccino Day in the United States of America. Although this is commonly a time to celebrate the frothy goodness of this popular drink (whose name was interestingly inspired by the colour of the hooded robes of the Capuchin friars in Italy), it’s also an occasion to become aware of our spending habits. We may live a long way from our cousins in the northern hemisphere, but we can all benefit from […]

Continue readingMore Tag

Posts navigation

1 2 3 7 8 9 10 11
error: Content is protected !!