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COVID: What if you can’t keep up with your pension contributions?
If you have a financial adviser and your short-term financial circumstances have changed, discuss ways that you can keep committed to your long-term goals even if it means that some of your shorter-term contributions are lower than they might ha...
COVID: Should you move your money abroad?
With an ongoing recession and a global pandemic that’s forced the South African economy to a standstill, you may be concerned about your local investments. We got in touch with investment specialists to find out whether this is the right ...
Ensure your family doesn’t feel the impact of your retrenchment
Retrenchment doesn’t only change the way you view yourself; it also alters the relationship between you and your family. Things can go from good to bad within a short space of time. But you can do something to prevent your family from fee...
Someone got injured on my property – now what?
Life is unpredictable and no matter how careful we are, accidents happen. But what if someone has an accident while visiting your house? Your guest could fall off the stairs, slip on the floor or get bitten by your dog.
How income protection can help you when you’re sick
Your greatest asset is probably your ability to earn an income, which provides a certain lifestyle and the capacity to take care of your dependants. That’s why it’s so important to protect your income against unforeseen illness or ...
Should you take out a loan during a recession?
South Africa recently entered its second recession in two years, after the economy contracted 1.4% in the fourth quarter of 2019. When the country is facing turbulent times, personal finances also get affected, and sometimes debt becomes n...
What are the tax implications of withdrawing RA early?
After saving towards your retirement for a couple months, you may feel an itch to withdraw the funds to cover some unexpected expenses. However, what are the consequences of doing this?
Marriage and money: Notes for couples in customary marriage
Many people in customary marriages don’t know that their marriage is in community of property by default – meaning they have an equal share in their estate. This includes their debt and assets. That leads them to make many mistakes...
Can’t pay rent? This is what you should do
We all face challenging circumstances. For some of us, this may mean we’re unable to afford the basket of goods we usually purchase each month, and for others it may be as drastic as being unable to pay rent
Medical aid plans and health insurance - what’s the real difference?
It’s difficult to choose between a medical aid plan and a hospital plan because both offer medical cover and the differences can sometimes be hard to identify. What’s even more complex is how each is structured and the impact this ...
Will your retirement annuity pay out if you’re terminally ill?
Being diagnosed with a terminal illness, such as cancer, is distressing. Not to mention the financial implications of caring for yourself during this trying time. But what does this mean for your retirement annuity (RA)?
Travel insurance can rescue you when stranded in another country
Before travelling abroad, it’s always advisable that you purchase travel insurance. This insurance helps in case an unfortunate incident occurs. It covers not only your medical expenses when you get sick, but also the cost of transportati...