by adminfwc | Dec 2, 2024 | Financial Planning, Investment, Tax
188 – Finding the right annuity for you takes thought Question I recently heard someone talking about a with profit annuity. I only know about living annuities and guaranteed life annuities. How does a with-profit annuity fit into the picture? Answer A with-profit...
by adminfwc | Nov 20, 2024 | Estate Planning, Investment, Life Cover, Tax
133 – Making sure the ship stays afloat after you’re gone Question I am concerned that my family will have cash flow problems should I pass away as I heard that it is taking a long time to get an executor appointed. Is it possible to have a bank deposit...
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 | 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 | 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, Retirement, Tax
145 – CONSIDERING THE TAX AND RISK IMPLICATIONS OF A RETIREMENT PLAN Question My wife and I are now nearly 80 years old. We have just over R6 000 000 invested in Bonds with 5-year terms. We have a combined monthly income from those investments of just less than...
