Setting up a debit order ensures that you don’t miss any payments and have proof of payment should any problems arise between you and your service provider. But this convenience comes at a price. Banks will charge for every transaction that occurs in your account, and debit orders are not spared.
Financial planning can be a brain-racking process because it means making difficult decisions such as choosing the most suitable products for you. The one challenge faced by those who are financially constrained is which product to choose: life cover or a retirement annuity (RA).
While saving means putting away cash for future use, investment involves purchasing assets which will yield good returns in the future.
When selecting an RA you must know the type of annuity you are investing in. Retirement annuities are divided into two categories: traditional and new generation annuities.
Calculators
Have you ever wondered how much money you will need for your retirement? Or how much you will pay in taxes on your new salary? click on any of our free calculators below to work out exact numbers within minutes - it's as simple as a regular calculator.
Elize Botha, managing director of Old Mutual Unit Trusts, explains what credit downgrades are. This, in light of Moody's affirmation of South Africa's credit rating. Find out more here: https://bit.ly/2JzTtIk
Every year in February, after the State of the Nation Address, the finance minister presents the budget speech. Steven Nathan, CEO of 10X Investments, explains why the budget speech is important to all South Africans.
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