"A financial adviser can help you structure your savings by using a retirement annuity, which may reduce your taxable income, and a tax free savings account, which allows investment growth to occur without tax," says Desiré Pauw, Executive:…
"Advisers play a critical role in helping customers address these risks by reviewing household budgets, strengthening liquidity planning, and sequencing financial goals appropriately. This structured approach helps customers balance short-term…
“The good news is that there are practical, legal steps you can take before 28 February to reduce your tax, strengthen your savings, and boost your retirement plan. Even if you haven’t saved as much as you would have liked this year, small,…
"Reviewing your investments more regularly - preferably at least annually, but ideally quarterly - is a money habit that could change South Africans' long-term futures, particularly if they pay attention to costs," says Andre Tuck, team leader…
"Many couples assume that signing an antenuptial contract at any point will redefine their financial arrangements and protect both parties. This judgment makes it clear that timing matters, and antenuptial contracts should be signed before marriage,"…
“Short-term credit has become a coping mechanism for many households, particularly during high-pressure periods such as the holidays. While credit can be a useful tool when managed responsibly, sustained reliance without a clear plan can undermine…
"Estate planning focuses on how your assets will be managed and distributed after your death. It ensures your wishes are honoured and helps minimise taxes and legal complications for your heirs. Retirement planning, on the other hand, focuses…
"Parents are raising children in a world where the rules have changed. The future is unpredictable, but one thing is certain: children will need more education, more upskilling and more flexibility to succeed. That requires early and intentional…
“Summer brings great opportunities to earn some extra cash, whether it’s turning a skill, hobby, or spare time into real money. With a little creativity, you can avoid December debt stress and the infamous ‘Januworry’,” says JustMoney’s head…
“Many Isle of Man trust administrators, lawyers and accountants are themselves South African. This dual perspective is truly invaluable. They understand both the regulatory requirements and the cultural nuances that shape South African wealth…
Andile Jonas, Head of Marketing at Momentum Savings, points out that research confirms that goal-based saving is more motivating and sustainable than saving “just in case”.
“If you’re concerned about your ability to continue meeting your repayment obligations should you lose your income, it's worth checking what existing cover you may have. You can confirm this by contacting the credit provider,” says Gavyn Letley,…
"South Africans who gamble spend between R2,000 and R6,000 per month, with up to 50% of their income dedicated to betting. Lower-income earners spend their salaries on gambling in the hope of making money, while high-income earners choose gambling…
“Of those who apply for debt counselling, 95% have a personal loan, and 57% have a payday loan. A further 22% use overdraft facilities regularly. Vehicle debt also seems to be increasing and is now making up a substantial portion of the incoming…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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