Your Guide to Retirement Planning in South Africa

The goal of retirement planning is to ensure that you have enough resources to support yourself and maintain your quality of life throughout your retirement years. Without a solid plan, many retirees risk outliving their savings or facing unexpected financial challenges.

Liquidity Planning and Financial Planning in South Africa

Liquidity in financial planning refers to the availability of cash or assets that can be quickly converted into cash without significantly reducing their value. This concept is essential for meeting short-term financial obligations and ensuring cash flow.

Estate Planning in South Africa - The Do’s and Don’ts

Estate planning is a complex process that requires careful consideration and attention to detail. Even with the best intentions, it’s easy to make mistakes that can lead to unintended consequences, such as disputes among heirs, unnecessary taxes, or the mismanagement of assets.

A Comprehensive Guide to Estate Planning in South Africa

The key purpose of estate planning is to ensure that your estate is distributed according to your wishes and that your loved ones are taken care of after your passing. It also involves planning to reduce taxes, legal fees, and court costs.

Personal Financial Planning - A Comprehensive Guide

Personal financial planning is the process of managing your financial resources to achieve your life goals. This includes budgeting, managing cash flow, planning for retirement, saving and investing, handling taxes, protecting against risks, and preparing for major life events such as education and estate planning.

Let’s Talk About Trusts in South Africa

Trusts serve multiple purposes: they can protect assets, ensure that they are distributed according to the wishes of the person who sets up the trust (the settlor), and offer potential tax advantages.

Inheritance Tax and Beneficiary Rights in South Africa

In South Africa, "inheritance tax" is a term commonly used to refer to estate duty, a tax levied on the property of deceased persons. However, it's important to note that the financial implications don't stop there. Other taxes, such as Capital Gains Tax (CGT), and concepts like death duties, also play critical roles in the financial landscape of inheritance.

Have You Thought About Estate Planning? Here’s Why it’s Important

Planning for something fun like your next big holiday or your dream wedding can be fun and many people willingly put many hours and a fair amount of blood, sweat and tears into these events. However, there is something far more important to plan for and it’s never too early to start - estate planning.

Reducing Estate Duty Costs – 4 Estate Planning Tips

Clever estate planning involves finding ways for reducing estate duty costs and is an essential part of the financial planning process, as this ensures that your heirs benefit fully from their inheritance.

Estate Planning and Distribution of Non-Probate Assets

During the estate planning process, it’s important to be aware of the fact that there are certain assets that cannot be included in your will.

These are known as non-probate assets, or assets that pass outside of will. For better understanding of the term non-probate, we can look at what probate means.