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Featured in Recent tax law amendments proposed by National Treasury clearly signal that the South African Revenue Service (SARS) is eyeing retirement funds as possible low-hanging fruit to boost revenue collection and strengthen the fiscus. While the proposed changes are currently limited in scope and still need to follow the legislative process, the policy direction […]

Featured in Between 70 and 80 percent of South Africans do not have a will to protect their loved ones in the event of their untimely death.  Unfortunately, this will not only burden the surviving family members with unnecessary emotional and financial stress but will also delay them gaining access to their rightful inheritance. So

There are many South Africans working abroad who have made the decision to return to their home country. For many, the pandemic was the roll of the dice that sealed their fates. For others, the idea of being far away from extended family was the drawing card that tugged at their heart strings. Regardless of

Featured in Reflecting their bearish view on the rand, South African expatriates holding rand-denominated life policies are increasingly opting to convert their policies to the dollar, providing a hedge to the rand while exempting them from domestic estate tax. “By taking out an offshore life insurance policy denominated in the most widely-used global currency, the

Featured in Moving from South Africa is not as simple as packing up your bags, jumping on a plane and setting up abroad. There are many considerations from a financial, tax and relocation perspective including potential risks, especially when it comes to healthcare. This leads to a common question raised by internationally mobile South Africans;

The start of a new calendar year is closely followed by the ending of a tax year and with this comes the anxiety and uncertainty of trying to determine whether your tax affairs are in order or how you can optimize your upcoming return. One of the tools in your armoury is the use of

With the costs of modern-day schooling, it is nearly impossible to save up for your children’s educational needs, let alone their extra-curricular activities. As a result, parents are desperately looking for ways to curb future financial demands or to better prepare themselves for the unforeseen expenses of their children’s educations. Primary and secondary education The

New year’s resolutions are famous for never making it past February. While it is perfectly normal to envision a new or improved version of ourselves, we seldom consider the impact these aspirations could hold over our life insurance or medical cover. Insurance premiums for risk cover often change as the individual’s life or circumstances change.

Whether you have made life-altering decisions during 2021, or you are parting ways with your current broker to re-evaluate your risk cover, there has never been a better time to consider all your options. During this reviewing period, many people fall into the trap of weighing up the pros and cons of keeping their life

The future “you” can be a scary thing to imagine. While no one knows the future, it is still challenging to think of a more frail, impoverished version of yourself. The question that will dictate your decisions, is whether you only want to survive in retirement or whether you want to live well after retiring.