Here’s a question worth considering: How much does SARS already know about your financial affairs before you open your tax return? The answer is: quite a lot. Your employer has submitted your IRP5. Your bank has reported interest and investment information. Your...
You would imagine that someone earning R50,000 a month should be financially comfortable. Yet even relatively high-income South Africans are struggling with debt and finding it difficult to make ends meet. Perhaps the better question isn’t “How much do you earn?” but...
Why starting early matters Young South Africans often focus on studying, landing a first job, or paying off immediate expenses, but retirement savings should begin as soon as income starts. The main reason is simple: time gives money room to grow, and delaying...
Financial planning is part of women’s well-being This National Women’s Day, we celebrate the strength, resilience and contribution of women across South Africa. But celebrating women must also include an important conversation about financial security. Personal...
What Is a Trust? A trust is a legal arrangement in which one or more trustees hold and administer assets for the benefit of beneficiaries, in accordance with a trust deed and applicable law. A trust is generally a separate taxpayer and must meet its own legal,...