by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
177 – How pensioners can grow wealth and pay less tax Question My wife and I are in our 80s and we each have a R1.8 million investment at the bank which gives us a combined monthly interest of R24,000. We use R5 000 of this to supplement my company pension...
by adminfwc | Nov 20, 2024 | Business, Financial Planning, Life Cover
178 – How life insurance can protect your spouse if you’re the co-owner of a business Question I founded a successful business 20 years ago with two others. All three of us are actively involved in its day-to-day management. As it is September, I took another...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
179 – How to decide between a retirement annuity and a tax-free investment Question I am 55 years old and was thinking of increasing my pension fund contribution at work to 15% from 10%. But having read your article, is it not a better idea to invest the 5% in a...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Offshore
180 – Reasons why the setting up of a will is crucial Question A lot of companies are offering free wills at the moment. What is the catch and is a will really necessary? Answer Take a look at who is offering the free wills and their motivation for doing so. It...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
181 – Buying an investment property? Here are some numbers to crunch Question I need some financial advice regarding an investment property. I intend selling my existing property for R2m. I will use R1m as a deposit on a new property and invest R1million in a 5...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
182 – Tax-savvy tips around estate duty and other fees Question I am an 80 year old widow and have R5m investment that will be maturing shortly. This provides me with an income of R33 000 a month on which I pay R5 000 in tax. As I also own a property, I am...
