How to Take Advantage of the Donations Tax Allowance

“We make a living by what we get, but we make a life by what we give.” (Winston Churchill)

Donations tax 101

Put simply; you can donate an amount of up to R100 000 per year to any third party, like a child or a grandchild, without having to pay donations tax. For example, you could give R30 000 to each of your three grandchildren […]

2023-07-28T07:54:55+00:00July 25th, 2023|Uncategorized|0 Comments

What’s cooking in the Three Pot System?

And now there are three

If the draft bills are approved, from March 2024 members’ retirement funding will be split into three pots. Namely:

  • The vested pot (amounts accumulated before 29 February 2024)
  • The savings pot (the 1/3 of contributions that is accessible to members)
  • The retirement pot (the 2/3 of contributions that must be preserved until retirement).

The main pros and cons

Advocates for change regard the introduction […]

2023-07-25T05:05:06+00:00July 25th, 2023|Uncategorized|0 Comments

Four Ways to Make the Most of Retirement

“The greatest task for ANY person is to find meaning in life.” (Victor Frankl)

Retirement. The word conjures schmaltzy images of silver-haired men in tailored suits, sipping coffee from small cups while gazing out of the window at an expensive view. Or an immaculately coiffed woman laughing on the golf course as if she has just heard the funniest joke in […]

2023-07-02T13:45:43+00:00July 2nd, 2023|Uncategorized|0 Comments

The ins and outs of annuities for retirement

“The best time to start thinking about your retirement is before the boss does.” (Anonymous)

If you’ve created wealth using Pension and Provident funds and/or Retirement Annuities and are nearing retirement, you’ll need to decide what you’ll do with the funds to provide you with an income in your golden years. The law stipulates that you must transfer at least two-thirds of […]

2023-05-31T07:01:20+00:00May 31st, 2023|Uncategorized|0 Comments

Don’t let Money Ruin Your Relationship

“I don’t care too much for money, for money can’t buy me love.” (The Beatles)

For many couples, money is a regular source of tension. And, unfortunately, this can have serious consequences.

In a study by researchers from Utah State University and Kansas State University published in 2012, the researchers found that financial arguments in a marriage are stronger predictors […]

2023-05-23T13:55:04+00:00May 23rd, 2023|Financial Planning, Uncategorized|0 Comments

FinCommunications Scoops Global Award For Innovation in Marketing

The Cape Town-based financial marketing agency was recently crowned ‘Best Specialist Financial Marketing Team in South Africa: 2022’ by the leading global business publication The Corporate Magazine.

The judges were particularly impressed by the way in which FinCommunications has embraced technology – most notably through their recent partnership with FinDotNews. “We’ve dreamed of launching an automated marketing solution for […]

2022-11-08T06:53:02+00:00November 8th, 2022|Financial marketing, Uncategorized|0 Comments

Five things we learnt while writing a book

During 2019, before Covid turned the world upside down, FinCommunications head Linda Graham travelled extensively to speak to 13 of South Africa’s top financial planners.

The interviews were for a book project commissioned by a leading financial planner in Johannesburg. Her goal was to highlight the extraordinary personal and business journeys that each of these inspiring individuals had undertaken, thereby inspiring […]

2022-11-03T06:44:08+00:00November 3rd, 2022|Financial articles, Uncategorized|1 Comment

The “Two Bucket” Retirement Savings System: What is it and Why is it Important?

“Many drops make a bucket, many buckets make a pond, many ponds make a lake, and many lakes make an ocean.” (Percy Ross)

According to a recent survey by Just SA, only 11% of South Africans over the age of 50 feel “really confident” that their savings will last if they live to 100. For 57% of respondents, their retirement plan […]

2022-09-09T06:43:43+00:00September 9th, 2022|Uncategorized|0 Comments

The Risk That Many Investors Don’t Think About

‘Liquidity risk’ probably sounds like something technical that most investors don’t need to worry about. In reality, however, it is something that is likely to affect everybody at some point.

The liquidity of an investment refers to how quickly it can be sold. Shares in Apple or Amazon are highly liquid because hundreds of thousands of them are bought and sold […]

2022-09-08T05:56:58+00:00September 8th, 2022|Uncategorized|0 Comments

Savings: With the debt question: Yes, No or Maybe?

The debt question: Yes, No or Maybe?

You’ve probably read a lot of articles about debt – it’s a perennial financial planning topic that has been debated repeatedly over the years. Surely there’s no point in revisiting this topic again?

There is a point, and here’s why.

According to a report by DebtBusters, a debt counselling and restructuring firm, unsecured debt has increased by […]

2021-07-05T08:08:08+00:00July 5th, 2021|Uncategorized|0 Comments
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