The single biggest advantage to owning a retirement annuity

The single biggest advantage to 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...
Tax Free plans – follow these rules!

Tax Free 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...
Do you have a back-breaking “Black Tax” burden?

Do you have a back-breaking “Black Tax” burden?

It’s fair to say SARS collect a fair amount of our money each month but if you’re a black South African earning an income, you might also be paying “black tax” (sharing your salary with family). Whether the notion of “black tax” is right or wrong is debatable, isn’t...
What income could you expect to get from a R1 million pension?

What income could you expect to get from a R1 million pension?

Are you avoiding talking about retirement? If you saw how little a million does for you, would this motivate you? Yes, we’re all in the same boat. Retirement is creeping closer and closer, and you’re already struggling to make ends meet right now. The big question is,...
Should you resign and cash in on your provident fund?

Should you resign and cash in on your provident fund?

The question on everyone’s mind: “Is the government trying to steal my provident fund?” Well that could be a possibility further down the road, you never know. Who’s to say they won’t force all pension and provident funds to invest in government bonds at some point?...