by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
175 – Considerations for optimal investment returns Question I have seen several stories in social media about the imminent collapse of the American economy. We recently had a major collapse in the Japanese market and also saw the local stock market fall....
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
176 – The dangers of drawing from your pension fund Question I want to withdraw R30,000 from my pension in order to settle some debt. What are the pros and cons of doing this? Answer I have had several questions like this over the past week. When it comes to...
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 | 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, 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...
