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...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
157 – A LATE STARTER’S GUIDE TO RETIREMENT SAVINGS Question My father is in his 50s with no retirement savings whatsoever. He wants to retire in 10 years time. I know that he has left it a bit late and that he will probably not have a decent pension. What...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
159 – ENSURING ALL IS IN ORDER FOR WHEN YOU’RE NO LONGER AROUND Question My wife and I are in our mid-80s. I am not in very good health, and I would like to leave my affairs in the best possible order should I die before my wife. Our house is in my name...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
161 – UPFRONT FEES PLUS COSTS MAKE FOR A BAD INVESTMENT Question I recently joined a company that has a group retirement annuity scheme. We all have our own retirement annuities, and the company pays the premiums with half of it coming off our income as a salary...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
162 – HOW TO PROTECT YOUR INVESTMENTS FROM THE VOLATILE RAND Question I have R3 million in retirement savings and am looking for an income of R25 000 a month. Should I pass away, I would like my wife to receive the same pension that I received. I would also...
