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...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
148 – HOW TO PAY LESS TAX ON YOUR RETIREMENT INCOME Question I recently read an article of yours where you discussed the importance of managing the sources of your retirement income to reduce the tax that you pay. I have R9m in retirement savings and a similar...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
149 – MAKING THE MOST OUT OF YOUR TAX-FREE INVESTMENT Question Are tax free investments worthwhile? Answer I do a lot of financial planning for people approaching retirement who have investments that they made many years ago. When they want to withdraw the...
by adminfwc | Nov 20, 2024 | Divorce, Estate Planning, Financial Planning, Tax
151 – HOW TO GET A BETTER AFTER TAX INCOME Question I am 68 years old and live on the proceeds of an R8 million divorce settlement. This is invested in a number of bank deposits from which I currently receive around 8.5% in interest each year which is more than...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Life Cover, Tax
152 – UNDERSTANDING DEATH BENEFIT PAYOUTS AND THEIR TAX IMPLICATIONS Question My wife recently died and our daughter will be receiving a death benefit payout from her company provident fund. (This is in addition to the group life benefit she had.) We were told...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
153 – BEWARE FINANCIAL ADVICE THAT DOES NOT ADD VALUE Question I am 28 years old and met with an insurance broker who suggested that I make a regular monthly investment. He gave me a quote on an investment that targets a return of inflation plus 2.5%. When I...
