I fear the average South African is facing a ticking time bomb iro underfunded retirement as we continue to kick the proverbial can down the road until we are forced to deal with the reality of the situation and then
Retirement is a ticking bomb
As a retiree, view your home as a ‘financial asset’
It is interesting to see how many people are beginning to look at their home as a retirement asset. There are two reasons for this firstly the average person nearing retirement is under-funded, in some cases their homes are their
Interest-free loans to trusts can have positive spin-offs
The recent Tax Law Amendment Bill included amongst others, changes to the taxation of zero interest and / or low interest loans to trusts, which will come into effect on 1 March 2017. Zero interest loans and / or loans
Davis Tax Committee’s second Report on Estate Duty a major improvement
After scoring a consensus 3 out of 10 for the 1st report, the Davis Tax Committee has delivered what I consider to be a vastly improved 2nd report, which I will touch on very briefly in this article. The key
The “double whammy” problem for future retirement planning
In the good old days retirement planning was relatively simple. Most people belonged to defined benefit company pension funds, which paid members a pension based on their total years of service and final salary. Retirement age was usually 65, thus