Category: Publications

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…

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 a Financial…

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 innovative idea…

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 is imminent….

Your easy guide to offshore investing By Wouter Fourie is a certified financial planner (CFP®) and a director of Ascor® Independent Wealth Managers.   Why invest offshore?  South Africa represents less than 1% of the world economy and restricting yourself to local investments means you will lose the opportunity available to invest in some of…

Expert Warn Against Common Pitfalls When Drawing Up a Last Will and Testament Martin De Kock (CFP®), Director and Financial Planner at Ascor® Independent Wealth Managers  One of the places where you do not want to make a mistake in your life is in your last will and testament. That is because you will not…

Are you getting proper advice about living annuities? Wouter Fourie (CFP®), Director of Ascor® Independent Wealth Managers and FPI Financial Planner of the year 2015/16 (Published in Personal Finance, 1 August 2017)   There’s nothing like an economic slump to make you question your retirement investments and, often, the competence of your financial adviser or…

Living or guaranteed annuities – which one is best for you? Wouter Fourie (CFP®), Director of Ascor® Independent Wealth Managers Both products have a role to play in a well-structured financial plan – FPI conference discussion.   Most members of pension funds who retire choose the products on offer without much advice, and often end…

Ascor® Independent Wealth Managers awards top UP student Ascor® Independent Wealth Managers has joined hands with the Department of Financial Management at the University of Pretoria to recognise and award the top Honours student in the B. Com Investment Management course.   This was the first year that Ascor® has agreed to sponsor a prize…

Pakket gekry? Haal asem, kry raad en hou jou beursie styf vas  Deur Wouter Fourie (CFP®)  en direkteur van Ascor® Independent Wealth Managers   Dokters, finansiële adviseurs en vir sommige van ons, voertuigtegnici.   In al hierdie gevalle is jy gewoonlik op die agtervoet en weet jy heelwat minder as hulle oor hul spesialisveld. Dit…