Category: Blog

Share this! Trading in bitcoin, ethereum? SARS wants its share  Spare a thought for cryptocurrency traders. 10 April 2018 08:08   /  By  Wouter Fourie – Ascor® Independent Wealth Managers   Spare a thought for cryptocurrency traders. Not only has the value of coins such as bitcoin and ethereum been on a rollercoaster ride, but now the South African…

Share this! South Africa’s tax chief suspended By Tom Carnegie, 20 Mar 2018   In a bid to boost investor confidence, South Africa’s new president Cyril Ramaphosa has suspended the head of the tax service after he refused to resign. Ramaphosa suspended Tom Moyane after he refused to voluntarily resign as commissioner of the South African Revenue…

Share this! The hole in your back pocket Budget 2018,  22 February 2018   The 2018/19 national budget was delivered by Finance Minister Malusi Gigaba on 21 February.  This year the minister had to make some difficult decisions to address the country’s budget shortfall and to fund the proposed free higher education.   The harsh reality…

Share this! Financial Planning for Child’s studies Martin de Kock   How do you best plan for your child’s studies? This is especially pertinent if you are planning to send him, her or them to university after school.   In this Afrikaans podcast, Ascor director and financial planning specialist Martin de Kock chats to Ingé…

Share this! Wouter Fourie (CFP®), Director of Ascor® Independent Wealth Managers & the FPI & Financial Planner of the year 2015/16 speaks to Michael Avery on Classic FM   Towards the end of October, financial planners from all over South Africa and the globe met for two important conferences in Cape Town.   The first…

Share this! Michelle Bester, a team member in the administrative office at Ascor®, awared by Investec as the best administrative assistant to financial advisors.   We already know that the best financial advisors work for Ascor Independent Wealth Managers. They have after all won the 2015/16 FPI Financial Planner of the Year Award, the Old…

Share this! Consider the lifestyle aspects of retirement planning By Wouter Fourie Director of Ascor® Independent Wealth Managers and the Financial Planning Institute, and winner of the FPI Financial Planner of the Year Award 2015/16   “But are you going to have fun? Will you enjoy it?”   These are not always the type of…

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…

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…