by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Life Cover
135 – Being able to provide for your children should you and your partner pass away Question We have just had our first child and want to update our will. Are there any special issues should we look out for? Answer The first thing you should consider is what...
by adminfwc | Nov 20, 2024 | Estate Planning, Investment, Offshore, Tax
136 – Familiarise yourself with the tax burden on investment returns Question I have R4m to invest to provide an additional income to meet my monthly obligations. I am working and paying 36% in income tax. Where can I invest this money and draw an income and...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Offshore
137 – Spreading your wealth across various asset classes Question A lot of my friends have been talking about a potential financial crash in South Africa and that we should move all our assets offshore. I am scared that we may end up with a situation where all...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
138 – Helping you choose the right annuities to fit your needs Question I will be retiring at the end of the year and need to decide on what type of annuity I take. Here are the key details: I have around R4 million available after I take my lump sum. My wife...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
139 – Beware possibility of exhausting the funds from a living annuity Question I am 81 years old and have a living annuity worth R2.1 million from which I am currently drawing a pension of 15%. I have just received a notice from the company that pays the...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
142 – Planning to ease finances for your loved ones upon your death Question I recently watched a television program about how long it is taking the master’s office to finalize estates. I would like to restructure my affairs so that it will be easy for my wife...
