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...
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...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Life Cover, Medical
143 – GETTING TO GRIPS WITH LIFE INSURANCE PREMIUMS Question I recently applied for some life insurance and received a quotation with three different premiums included. My broker suggested I take the highest premium (obviously), while I preferred the lowest...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
144 – BEING SAVVY WHEN CHOOSING PORTFOLIOS CAN IMPROVE YOUR PENSION Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate of 41%. Is there anything...
