INVEST for LIFE

The world is changing at such a pace with the takeover of AI. Many Jobs as we know them, will very soon, if not already, be defunct and or obsolete. My practice in financial planning could be affected. So I turned to AI and asked for a point of view. Here's a summary...

- What changes when you buy in a company   - You own the property through the company’s shares, not in your name.   - The company is a separate legal entity. - Pros (why some choose a company)   - Limited liability: your personal assets are safer if the...

The Problem Fewer South Africans will b# e able to retire comfortably. The two-pot system gives quick relief, but it doesn’t fix the long-term money gap that many face when they stop working. Why the Current Fixes Fall Short - The focus is on getting money now, not...

Since and during the COVID19 lockdown more of us have been working from home. Either for a few days a week out of the office and others fully from home. These working conditions as a part of your employment requirements lead to possible claims for expenses for...

Having a will is one of the most important steps you can take to protect your loved ones — but is your will actually valid? Many South Africans assume that once they’ve written and signed a will, the job is done. But if you don’t follow the right legal process, your...

South Africa faces a significant and growing issue of unclaimed benefits across retirement funds, shares, and other financial instruments on the JSE and from various institutions. A sizable portion of the population is unaware that they may be entitled to funds from...

Water is joining medical aid as a major threat to retirement affordability. In 2019, about 31 kL (1kL per day) cost roughly R636. Today, a comparable bill is around R2,267 — more than tripled in under six years. This isn’t just price inflation; tariff structures...

If you win a lottery or inherit big money, you have two simple options to give away cash. Both affect your taxes, but in different ways. 1) Give to friends and family (private gifts) You probably will want to share some of the spoils with friends and family. This has...

- Donations tax (on gifts to non-18A recipients)   - What it is: A tax you pay when you give money or assets to someone who isn’t an approved 18A recipient.   - How it works with your estate: Money or assets you give away during your life reduce what you own...

The recent upsurge of Buy Now Pay Later plans (BNPL) being taken up by South African households clearly exposes a shift in consumer behavior when comparing against the 'lay-by" way of buying. Lay-by vs. Buy Now, Pay Later (BNPL): what’s the difference and what’s...

How it works Buy now, pay later (BNPL) can feel convenient—buy today and split the cost into small installments, often with no interest if you pay on time. In South Africa, the appeal is clear, but so are the risks. BNPL can encourage spending beyond what you can...

National Women’s Day in South Africa, is a good time to reflect on why tailored financial planning for women matters. Women often face gaps in financial literacy, career interruptions, and longer life expectancy, all of which influence savings, investments, and...

Seniors facing financial abuse South Africa is facing an increasing challenge with elder financial exploitation, often perpetrated by trusted family members or caregivers. With the country’s population aging rapidly—estimates suggest that by 2050, over 12% of South...

When buying a property you should be fully aware of the additional costs. --- 1. Transfer Duty - A tax payable to SARS based on a sliding scale. - For properties valued at R1 million, **transfer duty is approximately R0** (properties at R1 million or below are...

According to a recent report by Mail & Guardian, most South Africans are unprepared for retirement, risking financial insecurity in old age. Several reasons explain this trend. Limited Financial Literacy Many people lack understanding of financial products and the...

Tax season in South Africa is a time for reflection—reviewing past financial decisions and planning for a more secure future. One of the most effective ways to reduce your tax liability and boost your savings is by investing in a Retirement Annuity (RA). Not only does...

What’s auto-assessment? Basically, SARS figures out your taxes for you using info they already have. You don’t have to do anything unless you’re not happy with it. Who can do this? Some provisional taxpayers (like you) can now choose to be part of it this year. How to...