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...
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...
