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Home    Ask an Advisor

What could a South African do with R500k in a money market account?

27 Jul 2021
Until the interest rate situation changes in South Africa, I would strongly reconsider any cash exposure.

Should I cash in my RAs and invest in living annuities?

22 Jul 2021
And does it make sense to buy another RA after one retires as I will be paying tax on my income from part-time work?

Can the payout of my life insurance policy be deposited into a foreign account?

21 Jul 2021
If your wife still has a local bank account, the proceeds can be transferred to the SA account then sent offshore.

Will Sars penalise my kids for investments I made in their names?

20 Jul 2021
It is unlikely, unless the unit trust investments exceeded certain thresholds – but going forward, it is important that they understand what types of incomes the different asset classes attract.

Settling debt versus investing: What are my options?

14 Jul 2021
Should I focus solely on settling my home loan, or on doing that while contributing to another investment?

How much capital will I need to retire comfortably?

9 Jul 2021
I contribute to a provident fund, retirement annuity, and a tax-free savings account monthly. Is there anything else I should consider to ensure the best outcome for my retirement?

Do reinvested dividends count as part of the R36k limit of a TFSA?

1 Jul 2021
They don't – provided that they are automatically reinvested by the product provider.

Should I leave my money in an overseas pension fund or transfer it to SA?

30 Jun 2021
If I leave it overseas, how will I be taxed on it?

Can you be evicted from a life rights retirement village for non-payment of levies?

29 Jun 2021
Firstly, interest will be charged on the overdue amount, then services may be disconnected or discontinued, then legal proceedings may be instituted. It is ultimately preferable to avoid getting into arrears.

Am I on track to achieve my retirement income goal?

24 Jun 2021
If not, what sort of shortfall am I facing and how much extra would I need to put away each month?

Cohabiting: Can I lay a claim to a property if I can prove financial contribution to the bond?

23 Jun 2021
In the absence of a written agreement, the courts will have very little to rely on when making a determination.

How should I manage a maturing retirement annuity?

22 Jun 2021
The key fundamental is to make sure you understand your goals, and to map them to an investment strategy within different product vehicles.

How can I invest R15m to get a monthly income of R50k?

17 Jun 2021
Retirement planning isn't something that can be done once; it's an individual investment discipline that considers the relevant facts on an ongoing basis.

Are there any legal and financial benefits to incorporating my law practice?

15 Jun 2021
The deciding factor will be whether your income is above or below the 42.4% marginal tax rate threshold.

Will I have to pay provisional tax for crypto coins awarded to me?

3 Jun 2021
And is it safe to overestimate the first submission?

With R800K, what monthly income can I expect if I want an income until I pass on?

2 Jun 2021
And will the balance fall away when I pass on?

Why can I not make a charity a beneficiary of my retirement annuity?

1 Jun 2021
Primarily because the Pension Funds Act requires that the death benefit be paid to your financial dependants.

Why do I have to wait until 55 to withdraw from my RA?

27 May 2021
It's the youngest age at which a retirement fund member can legally retire according to the Pension Funds Act.

How can I hold a debit review company accountable for defaulting on a court order?

26 May 2021
And how can I get the creditors to go back to the original agreement?

Will the proceeds of a life insurance policy be paid to me or the deceased’s estate?

25 May 2021
A direct nomination will go directly to you and generally it is best this way from a cost and efficiency point of view.

Which is more tax-effective: putting R1.5m in a unit trust or my access bond?

23 Sep 2020
A third option exists that may be the perfect solution.

Should I invest or pay off debt?

7 May 2020
Paying off debt will mean that you have more money to invest in the future.

I won R3m in the lotto. How should I invest it?

25 Aug 2021
In choosing where to invest, you need to consider factors such as inflation, current interest rates, your investment timeframe, and your risk appetite.

How can I ensure my life policies and pension get paid into a testamentary trust?

9 Feb 2021
There's no perfect solution, but here are some options....

Financial emigration: Should I withdraw my retirement savings?

UPDATE
29 Jan 2018
If I emigrate, I’m considering cashing out my pension as part of the discretionary R1 million allowance.

I have a six-month investment term. What should I invest in?

10 Jun 2020
There is no perfect solution, but here are a few ideas to think about.

How do executor fees work?

29 Aug 2017
In the executor's draft for my late father's estate settlement, are the 3.5% fees from the total assets or the net assets?

What’s the best low-risk, income-generating investment for a retiree?

14 Feb 2020
Structuring a retirement income product is one of the most important investment decisions you'll make.

At 77, is it better to invest R5m with African Bank or in a share portfolio?

17 Feb 2021
When deciding, you need to consider the risk to the capital over time, accessibility to capital during the investment term and the tax implications of the investment.

How can I get a better return when investing R100k?

24 Jun 2020
Your investment term will determine your investment options and potential return.

My investment has lost R250k. How can I avoid more losses?

29 Apr 2020
Your decision to withdraw from your RA should not be based solely on the drop in your investment value or the returns promised by a fixed deposit.

Is it a good idea to use investment property as my pension fund?

19 May 2021
New pension law about the one-third lump sum is a hindrance if I decide to leave SA.

Should I cash in my preservation fund to buy a rental property to supplement my income?

30 Nov 2021
Advantages and disadvantages of taking this approach.

Which unit trusts should my children invest in?

4 Apr 2019
Having a long-term view and being overweight in offshore funds is probably best.

I’m unhappy with the performance of my RAs. What recourse do I have?

1 Dec 2020
You can transfer your retirement annuity to a Lisp-based retirement annuity with the same provider.

Which of my three properties should I pay off first?

24 Mar 2021
The sooner you pay off the bond on your primary residence the better.

Should I keep my emergency fund in my bond?

26 Jan 2021
Or are there better investments I could make?

What is the most effective way to move a company into a trust?

15 Jul 2020
There are various options, and many factors to consider when dealing with the transfer of assets.

Is there a tax-saving route to financial emigration?

9 Sep 2019
If I proceed with financial emigration to Mauritius, will I still be personally liable for capital gains tax on the shares I hold in a company?
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