The cheapest retirement annuity is the one with the lowest all-in fee on the fund you were going to buy anyway. It is not the provider with the best advert, and it is not automatically the name people say is…
Three taxes hit a normal investment account in South Africa. Dividends tax takes 20% before a dividend reaches you. Interest above a small exemption is taxed at your marginal rate. Capital gains tax (CGT) takes a slice when you sell.…
Most South Africans think they are saving enough. Most are wrong. Household saving in South Africa has sat close to zero for years — and has often been negative. That is not a typo. As a country, we spend roughly…
Your net worth is the single best measure of your overall financial health. It is not your salary. It is not your car. It is simple math: what you own minus what you owe.
Ask the average South African what retirement fund they belong to, and you’ll get a shrug. Most of us contribute to something every month — a pension fund, a provident fund, a retirement annuity, or some combination — but very…