What relief are Insurance & Investment companies offering their clients over this Covid-19 period?
You may be wondering if there is any kind of financial relief being offered by the insurance and investment companies at the moment? We are going to take you through what each of these companies is offering you, their clients, during this time. Allan Gray If you’re paying a monthly contribution, and wish to stop […]
What separates Old Mutual’s Investment Club offering from a Standard Stokvel?
Stokvels are as much a part of our South African heritage as Bobotie and Biltong. It’s estimated that one in every two adult rainbow nationers is a member of at least one of 800 000 stokvels around the country. If you think that is a staggering statistic, consider for a second that South Africans invest […]
Everything you need to know about Tax-Free Savings Plans in 2020
We don’t have a great savings culture in South Africa. Perhaps it’s because we are battling to keep our proverbial heads above water, or maybe most of us simply have a “live for today” philosophy which is tough to shake. Either way government recognizes our “lack of savings” as a problem and doesn’t want us […]
The biggest advantage of owning a Retirement Annuity!
There’s very little an individual can claim from tax nowadays! So what can you claim from tax? In no particular order and depending on the type of income you receive: • Contributions to a pension or provident fund • Contributions to a retirement annuity • Donations to approved public benefit organisations • Legal expenses relating […]
Tax Free Savings Plans | Follow these rules!
Is there any type of investment – with tax benefits similar to a retirement annuity – which allows you to cash in whenever you want? A retirement annuity has always been the preferred way to get something back from the taxman. It still is…if you earn enough to have a tax problem. But one of […]