Upon retirement most of us are, or will be, dependent on our accumulated retirement capital for an income. It is at this time that your • Retirement Annuities, • Pension funds, • Provident funds and/or • Preservation funds will purchase a Living Annuity income. Income Once you have purchased a Living Annuity you are required [...]
This post covers the most significant pro’s and con’s of the Retirement Annuity product. You are able to invest in a Retirement Annuity either via a unit trust Linked Investment Service Platform (LISP) or within an Insurance Policy. Pro’s Your invested capital is able to grow without incurring Capital Gains Tax(CGT) or any Income Tax [...]
I know I promised to begin covering the various investment products in this post, but so much noise has arisen around the tax changes set out in the National Budget Speech that I believe it is prudent to give some attention to this topic first. Let us first cover the income tax rates for individuals. [...]
How do you form a realistic idea of what your retirement needs will be? We refer to the replacement ratio -the percentage of working income that an individual needs to maintain the same standard of living in retirement. As we generally don’t have the same level of expenses in retirement as we have while employed we generally only require, [...]
After recently chatting with a friend employed outside the financial industry I realized that a major gap exists in our education as to how and what to save for retirement. Some of us may not as yet be contributing towards retirement savings. Like me, I suspect, we have the idea to do so when we [...]
A “blog” is an abbreviation of the word “weblog”, a term used to describe an ongoing chronicle of information and web links. Blogs may cover any topic from personal thoughts to political news. The content of a blog consists of articles called “posts” or “entries”. These articles are arranged in reverse chronological order. The modern [...]
To mark our 10th year in the financial services industry, and in acknowledgement of a client base increasingly characterised by the energy and enthusiasm of youth, Ternary Financial Services is launching a new website, proudly headed by our fresh, up-to-date logo. Over the past decade, the qualities essential to Ternary’s success on behalf of our [...]