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10/05/2017

Award for Excellence in Investment Planning

Share this! Old Mutual Best Practice Adviser Awards 2017 Ascor® awarded Excellence in Investment Planning   Ascor® Independent Wealth Managers® was again recognised as one of South Africa’s top independent financial planners at the Old Mutual / International Adviser Awards at the Vineyard Hotel in Cape Town. Wouter Fourie, an Ascor® director and the 2015/16

09/20/2017

Does it make sense to contribute after-tax money to a pension fund?

Share this! Does it make sense to contribute after-tax money to a pension fund? Ingé Lamprecht     Since March 1, 2016 tax deductible contributions to pension funds, provident funds and retirement annuities have been capped at R350 000 (or 27.5%) per annum. While high-net-worth individuals who previously contributed more than R350 000 to these

09/15/2017

What constitutes bad financial advice?

Share this! What constitutes bad financial advice? Maya Fisher-French, Fin24   Due to the recent poor performance of living annuities, City Press has been receiving complaints from investors who claim they received bad advice and want to cash in the investment.   This comes down to a question of good or bad advice, which is

09/05/2017

It’s risky to use retirement capital to start a business

Share this! It’s risky to use retirement capital to start a business By Martin Hesse Personal Finance   There are essentially two types of people who would consider using their retirement savings to start or buy a small business: youngish people with an entrepreneurial spirit who want to escape the corporate world, perhaps with an

08/29/2017

Grandparent’s funds: A tax- and cost-efficient strategy

Share this! Grandparent’s funds: A tax- and cost-efficient strategy By Martin de Kock (CFP®)   Question: I have an ailing grandparent (80 years old) with R20 million in total cash in a money market fund. They require a small monthly income (R5 000) and would like their beneficiaries to inherit directly at their death, which