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...
by adminfwc | Nov 19, 2024 | Investment, Retirement, Retrenchment
1 – Retrenchment Question I am a computer programmer at a large IT company. I have been notified that I will be retrenched at the end of August. I am 39 years old, divorced with a 10 year old daughter. I have had health issues in the past. I am worried that I...
by adminfwc | Nov 19, 2024 | Investment, Offshore, Retirement
2 – Offshore investments Question I have been hearing a lot of talk about the benefits of investing offshore. Should I do it and if so, how do I go about investing? Answer If you were living anywhere in the world, would you invest everything in South Africa? ...
by adminfwc | Nov 19, 2024 | Investment, Retirement
3 – How to live on interest income if interest rates decline Question I have money in the bank that I use to provide me with an income. I am finding it difficult to make ends meet because of the decreases in the interest rate. What do you suggest I do? Answer...
