Everybody should have funeral cover, either by way of a benefit provided by an employer or a personal funeral policy. So why do you need funeral cover if you have life insurance? Funeral cover usually pays out within 48 hours when your family urgently needs cash for a burial or cremation whereas life insurance can take months to pay out. Some modern policies offer funeral cover, included with life cover. An average funeral costs about R20 000 […]
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Highlights from the 2024 – 2025 National Budget
In our latest exploration, we delve into the intricacies of the recently unveiled 2024 – 2025 National Budget. Our goal is to demystify the financial jargon and highlight the components that matter most to you. With a keen eye on the government’s financial manoeuvres and their ripple effects on your pocket, let’s dive into what this year’s budget heralds for the individual taxpayer and investor. Government’s Financial Blueprint The Finance Minister’s latest budget presentation was much […]
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February is retirement annuity month.
What is a retirement annuity (RA)? It is a retirement fund that everybody can contribute to. Many taxpayers, especially businessowners make ad-hoc payments to RAs before the end of February to reduce their tax liability. What are the benefits of an RA? You are investing for retirement. Your contributions to it are tax-deductible within certain limits, and the first R550 000 can be withdrawn tax-free at retirement, subject to the Income tax Act.; Investment growth is […]
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Slow Down. Appreciate.
If you’re anything like me, you may find that after you’ve had a holiday… you feel like you need a holiday! Our pace of life is currently so fast that even when we’re on holiday, or trying to take things a little slower, we don’t actually get to relax or rest as much as we would like. As a result, we find ourselves making decisions and choosing to speed life up so that we can simply […]
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New Year Spending Tips
If you want to change the way you’re doing something, if you want to improve or adjust or if you simply want to bring about a new direction – changing the way you think about something is the first step! Many of us begin our new-year-financials with a hope to saving more money – and as the year progresses, we find that we haven’t achieved this goal as well as we would have liked. Whilst there […]
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Rest. Relax. It’s all in the mind.
Experts say that you need at least 14 days of leave from work in order to begin to properly relax. But often that is a luxury few of us get to enjoy. I’m not referring to leave where we still have access to our emails and check them once a day or have a phone call or two from the office here and there. I mean a complete break, with zero work contact. This means that […]
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Gobble. Gobble
The festive season is so festive because we do too much, spend too much… and eat too much! We try to fit in as many social events as possible, because we have so many people that we want to see; and we spend so much money because we want people to spoil our family, friends and ourselves! But we also often land up eating lots of foods that are richer and a little more special than […]
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Employee motivation
At the end of the year, there is often a heightened expectation to show appreciation to one’s staff. Whether they help you out around the house or run your company, most of us have people who work for us and feel a desire to show them appreciation! Whilst paying out bonuses is a common way to do this, not all employers can afford to pay out bonuses and may feel stumped as to how to motivate […]
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Teach your children about financial goals
Preparing your children for their financial future is one of the greatest gifts you can give them. For many parents, talking about money can be an uncomfortable subject and discussing finances with your children can feel both personal and scary, but they need to learn if they are to make wise decisions concerning their own finances. It’s best to start teaching these lessons early on in life, if you think about teaching manners or language, it […]
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Tips to make your fuel go further
The price of fuel is expected to go up at the beginning of October after a recent period of fuel price reductions. This can affect people that spend a lot of time commuting quite drastically, but the more time you spend on the road the more opportunity you have to drive economically and try curb the cost of inflation to your financial plan. Mass plays a big role in saving fuel, a small engine in a […]
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