What type of retrenchment benefit can you expect, and will it be taxed?
The unemployment rate in South Africa is sitting just below 30%. That’s a staggering statistic and the highest jobless rate since the first quarter of 2003. And if...
How much will I be taxed if I withdraw my pension fund monies?
It’s estimated that before you reach the age of forty, you might already be into your 10th job! By the time you contemplate retirement, that figure will probably...
How Much Money Do I Need To Save Every Month To Retire On R20 000 pm?
At some point everyone reading this blog post would like to put their feet up and stop working altogether. The big question is how much do you need...
Find Out Why It’s Smart To Set Your Young Kids Up As “Trust Fund Babies”
When you hear the term “trust fund baby” it conjures up images of young rich kids, lying around on super-yachts sipping expensive cocktails they don’t even know the...
How much money can I legally ship out of South Africa each year?
The elections have come and gone, and just recently we had the news that our economy posted the worst growth figures in a decade. There is a sense...
Do I need to file a tax return?
Folks, it’s that time of the year again… You know, the time of the year when submitting tax returns is on everybody’s mind. The 1st of July marked...
Financial planning – DIY or use a professional?
Many people turn a blind eye to their finances. They think the subject is very complicated and therefore think it would be good to have a professional financial...
Your pal in payments: the benefits and shortfalls of PayPal
It all began back in 1999 when a small company called Confinity developed a system that sent and received funds electronically. In 2001, the company changed its name...
Which bank account is best for you
We all know that access to a bank account is a clever way to manage your money, but with so many different bank accounts available from 11 South...
Retirement planning – 7 mistakes to avoid at all costs
You may think you have everything planned and lined up just right when it comes to your retirement. Or you may not have started investing yet, but you’re...