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Navigating the money maze: Don’t get lost!

5 Oct 2023
Get advice from the experts by submitting your reader questions to our team of qualified financial advisors.

Living vs life annuity: Which is best when planning to live abroad?

4 Oct 2023
There are many aspects to consider, and many moving parts in structuring an optimal retirement income for such a niche objective.

How can I maximise R2.5m while protecting the capital?

3 Oct 2023   /  2 answered
Two advisors answer this reader's question.

What’s the best way to get my estate under the R3.5m tax threshold?

27 Sep 2023
Is transferring my house to my eldest son as a living inheritance an option?

Is it a good idea to put the funds from a property sale into a RA?

26 Sep 2023
You could contribute the full proceeds to your retirement annuity, or only contribute the maximum tax deduction and put the rest into another investment solution.

What should I be aware of regarding interest that accrues in an ETF?

21 Sep 2023
Will I pay more tax if I withdraw interest from the fund before it is older than a year?

If I cash in my late wife’s RA, will I still qualify to take R550k tax-free from my RA? 

20 Sep 2023
The death benefit of an RA is taxed in the hands of the deceased and will not affect your own exclusion.

Married in community of property and your spouse dies – do you get everything, not just half?

19 Sep 2023
The share belonging to the surviving spouse is indisputable, but they are not automatically entitled to the entire estate.

What are my options for the payout of my deceased spouse’s death benefit?

6 Sep 2023
You have three options, however, your choice will depend on your financial circumstances, immediate needs, and long-term goals.

What happens to all the extra investments I made into my RAs?

5 Sep 2023
And what other options are there for me to reduce the extra tax I need to pay each year?

I plan to retire at 51, but access my funds at 61. How should I handle these at 55?

30 Aug 2023
It may prove tax-efficient to implement a retirement income plan at 55 and to withdraw an income that is under the tax threshold.

How do you measure the return you get on equities?

29 Aug 2023
There are various ways to do this, with the time-weighted return formula being the most popular.

Should we cash in our investments and put the funds into our bond?

15 Aug 2023
There are various aspects to consider, but you could settle a portion of your bond and keep at least 50% of your current investments.

At 38, what’s the best way to save for retirement?

2 Aug 2023
One should aspire to accumulate sufficient wealth in both voluntary and compulsory funds.

Can I convert a living annuity and RA into a life annuity?

18 Jul 2023
If so, what are the tax implications?

I’ve exhausted my tax-free limit. Will I be entitled to a rebate if I take a 1/3 lump sum?

12 Jul 2023
Unfortunately, the tax rebate does not directly affect the tax calculation on the lump sum and may not result in receiving a refund.

Is a fixed or living pension more profitable?

11 Jul 2023
The living annuity is the better option. Here's why …

Can I open an RA for my mom then convert it into a living annuity?

5 Jul 2023   /  3 answered
Three advisors answer this reader's question.

Should I transfer funds from a unit trust to a tax-free investment account?

4 Jul 2023
You could. However, the scale of the benefits will depend on a couple of factors.

What’s the best trust type to set up for my mentally ill son?

28 Jun 2023
Our law recognises this need and has made provision for a special type of trust, but there are various factors to consider.

Where should a pensioner invest R1m to receive a R20k monthly income?

2 Aug 2022
From a pure income perspective, a voluntary life annuity does appear to be the best option.

Under the new pension regulations, can you borrow money from your provident fund?

15 Apr 2021
You can borrow funds to buy a property, renovate a property, pay off a housing loan, or to guarantee a housing loan. You cannot use the funds for any other purpose.

How much do I need to invest to receive a monthly income of R10k over 10 years?

21 Sep 2021
After 10 years, the initial amount should still be available.

How can I invest R5m to generate R20k monthly income for 22 years?

27 Sep 2022
A discretionary investment including cash, bonds and growth assets may be the best option.

What’s the most tax-efficient way to build wealth through property?

17 Mar 2021
Personal ownership, a trust, or company: there are certain advantages and disadvantages in how you structure your portfolio.

What can I invest R158k in to receive R5k income monthly?

16 Mar 2021
Of three options on what to do with your RA funds, a life annuity would give you the highest probability of income certainty – but not at the required level.

What can I invest R500k in to get R5k a month and still keep my investment as is?

18 Aug 2021
In the current environment, the best match with your requirements would be either a ‘variable income’ or a ‘multi-asset income’ unit trust fund.

Should I pay my R10k available monthly into my bond or use it elsewhere?

8 Mar 2022
It depends on your overall current financial position.

Will I be able to draw all the cash from my pension preservation fund after March 2021?

17 Nov 2020
The scheduled tax legislation change relates specifically to provident preservation funds.

How do I invest for a R20 000 monthly income?

20 Mar 2018
Three of the biggest risks someone close to, or at retirement faces: longevity, inflation, and the underlying investment assets.

Should I take up government’s early retirement offer?

30 Aug 2019
A major concern when considering an annuity income relates to the growth rate assumptions.

How should I invest R1.2m for maximum capital growth?

7 Sep 2022
You can split your capital between an all-equity portfolio offshore and SA equity and bonds.

How much will I be taxed if my sole income is from a fixed deposit savings account?

17 Aug 2022
Will R23 800 be tax-exempt and then I'm taxed at 40% for the remaining amount?

Should I keep my life savings in my bond?

4 Feb 2020
The question of paying off debt or contributing to retirement savings is something many South Africans wonder about.

How does UIF work?

17 Aug 2017
My husband has been employed by Portnet for about 30 years. He wants to retire early - will he qualify for UIF?

Can I transfer my GEPF pension fund into a private living annuity at retirement?

14 Apr 2021
If so, are there any tax consequences to consider?

How should I invest R1.2m for a monthly income at retirement?

13 Jul 2018
I cannot take a lot of risk, as this is all the money I have.

Where is it best to invest R3m?

13 Sep 2019
Several things need to be considered; staying focused on your long-term objective – retirement – is important.

Two-pot system: Will we be able to access money already accumulated in the current pot?

26 Apr 2023
According to the current draft, the two-pot retirement fund system will not be applied retrospectively.

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