by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
146 – THINKING CAREFULLY ABOUT RETIREMENT PRODUCTS Question Many companies are currently promoting retirement annuities. I understand that there are tax benefits to be had from this product however I have also heard some horror stories about how badly they have...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Life Cover
147 – ENSURING YOUR SPECIAL NEEDS CHILD IS TAKEN CARE OF AFTER YOU DIE Question I have a special needs child who needs permanent care. I am concerned about what will happen to him when my wife and I pass away. What should we do now to ensure that he has...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
149 – MAKING THE MOST OUT OF YOUR TAX-FREE INVESTMENT Question Are tax free investments worthwhile? Answer I do a lot of financial planning for people approaching retirement who have investments that they made many years ago. When they want to withdraw the...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
150 – PENSION CONSIDERATIONS FOR RETIRING TEACHERS Question I am a school teacher and will be retiring next year after 40 years of service. One of my colleagues mentioned that the government is planning on taking part of our pension fund and using it to bail out...
by adminfwc | Nov 20, 2024 | Divorce, Estate Planning, Financial Planning, Tax
151 – HOW TO GET A BETTER AFTER TAX INCOME Question I am 68 years old and live on the proceeds of an R8 million divorce settlement. This is invested in a number of bank deposits from which I currently receive around 8.5% in interest each year which is more than...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Life Cover, Tax
152 – UNDERSTANDING DEATH BENEFIT PAYOUTS AND THEIR TAX IMPLICATIONS Question My wife recently died and our daughter will be receiving a death benefit payout from her company provident fund. (This is in addition to the group life benefit she had.) We were told...
