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 | Financial Planning, Investment, Offshore, Tax
140 – Situs tax: a potential thorn in the side if you’re not careful Question My financial advisor has told me that I could be liable for situs tax on my offshore investments. I have never heard of this before. Is there such a thing? Answer As we...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Life Cover, Medical
141 – Finding the sweet spot when choosing a medical aid Question I received an email from my medical aid instructing me to choose the benefit option I want for the new year. I have no idea what I should look out for. Do I just choose the most expensive one...
