South Africa like many other countries, is grappling with the complexities of its healthcare system. One trend that has not gone unnoticed by the majority of Medical Aid members is the annual contribution increase that seems to outpace inflation. This reality has caused anxiety, concern, and even panic for many who rely heavily on [...]
When it comes to estate planning, one of the most critical decisions you'll make is choosing the executor of your Will. The executor is responsible for carrying out your wishes and managing your estate after your passing, a role that includes settling debts, paying taxes, and distributing assets to beneficiaries. In South Africa, the role [...]
Planning for the future is a responsibility that everyone should undertake. One essential aspect of this planning is creating a legally binding document known as a Will. In South Africa, the significance of having a Will cannot be overstated. A Will ensures that your assets are distributed according to your wishes, provides security for [...]
The Minister of Finance, Tito Mboweni, delivered the national budget speech on 24 February 2021. The budget speech brought some tax relief for individual taxpayers as well as companies. Aspects which will have an impact on individuals are: Income Tax: Individuals and Trusts The personal income tax brackets and tax for special trusts were increased [...]
We are all concerned right now and rightly so. Both local and global markets are down more than 20% over the last quarter and many investors are concerned with their investments. Any drastic changes now, such as disinvesting or moving to cash, can have a damaging impact on long-term wealth accumulation prospects. These types of [...]
With 2020 nearly upon us, with all the excitement and anticipation of both Christmas and the New Year, it may behove us to remind ourselves how important it is that our bonuses and salaries be judiciously used. Saving for retirement should be one of our top priorities and should be front of mind before [...]
A Testamentary Trust is one which is formed as a result of an instruction in your will. The Trust Deed of the Testamentary Trust is therefore your will, and you need to ensure that your instructions to your Trustee are therefore clear and unambiguous. The predominant reason for a Testamentary Trust could be your [...]
Both the South African equity and property market has had quite a poor showing over the last five years. Meanwhile the more defensive assets such as bonds and cash have done really well over the same period. There are many reasons for these poor returns (not discussed here) which you may have read about on [...]
2019 Tax Season Opened 1 July 2019 It is that time of the year where we start running around like headless chickens! Yes, it is something most of us dread as it can be a strenuous task – especially when doing your tax returns and you are left thinking – how and what must I [...]
The first of three inner principles of successful investing is faith in the future. In fact, it is at the foundation of most things we do as humans. During the past couple of weeks this has become a key point of discussion in our portfolio review meetings with clients. Not believing that our efforts will [...]
