It seems as if Crazy Covid mutated and have given fraudsters super grabbing powers in South Africa. We have seen families profiting off political connections. We have heard horror stories of irregular PPE tenders and irregular spending such as many, many millions of Rands wasted on flooring for a make-shift hospital that seems to consist of novel see-through material as no one has seen it…Let us do a cold reality splash quickly. Then take a deep breath and look at four more realistic options for safeguarding your investments through international exposure.
At a recent conference for self-employed accountants, someone asked, “Can you afford to live to 100?” Immediately they began looking up life expectancy figures, and concluded that the question was moot. What they did not understand is that life expectancy is increasing and in about ten years, the age in question may very well be 110.
When it comes to retirement planning, the focus usually centres on savings and the accumulation of assets. The assumption is that when you plan for retirement, your only
concern should be replacing your salary with a pension.
I think there are five equally important challenges to consider:
It’s tax time, which means it is also retirement-annuity season. As an investor in a retirement annuity (RA), you’re able to make ad-hoc additional payments into your funds annually, and with the deadline looming the time to top up is now.
The closing date for topping up your RA is 28 February and you should ideally let your financial advisor know a few working days before that date in order to allow for admin processing. Specialising in financial planning services Northwood will ensure that you have the most favourable RA to suit your needs. Continue reading “Deadline for New Retirement Annuity Contributions Looms”
Investing in a retirement annuity fund is not only a fantastic way to ensure your own long term financial future but can also, ultimately, save you money today through the various tax benefits it affords.
On the 28 February of 2015, the deadline for submitting your retirement annuity form in order to get tax benefits passes. This means that, even if you have contributed to your retirement annuity fund, you will be ineligible for the tax benefits available if you do not meet the deadline. Continue reading “Retirement Annuity Tax Benefits? The Deadline Looms”
As a financial consultancy that believes in personalised service, Northwood believes in guiding clients along the road to success – and there’s no better tool for doing this than a financial roadmap. Continue reading “Staying on Course With a Financial Roadmap”
Are you looking forward to a stress-free retirement with a comfortable income and the freedom to enjoy your life, or are you worried that your retirement portfolio just won’t be large enough to carry you through old age?
We all want an easy retirement – the best reward for decades of hard work and careful planning – but what is the secret to retiring comfortably? Is there something that people who retire comfortably do differently than the rest of us, or are they just lucky? Let’s find out. Continue reading “The Answer to Easy Retirement”