When saving for retirement, it’s important to appreciate what you are working towards, and to understand how much you need to set aside to make sure your health is taken care of.
The taxman targets foreign earnings in excess of R1 million, but taxing South Africans working abroad may be the wrong move.
South Africans are increasingly turning to ‘the crowd’ – not just to help people in need, but to build businesses.
Illicit transactions happen, scams exist, and electronic tokens don’t come with the same safeguards as money kept in bank accounts.
Sars’ proposal is going to have major implications for the many South Africans who work in places around the world but maintain a home here.
FNB have added incentive by doubling fuel rewards if account holders finance their cars through Wesbank, load their vehicles on the FNB app, and fill up at Engen.

Personal Finance FNB slashes prices to ensure competitiveness at lower end of market

FNB is offering additional value across all its accounts, something that it hopes will make customers less likely to switch to rivals.

Personal Finance Food prices likely to be affected by carbon tax

Other factors which may affect food prices included the domino effect of the trade war between China and the US.

Personal Finance Financial planning for children with special needs

A special needs child’s diagnosis, severity, prognosis and life expectancy all impact a parent’s financial-planning process.

Personal Finance Why you should buy your domestic worker life insurance

If an employer buys cover and reduces their domestic worker’s salary by the premium amount, the employee will still be in a better financial position, with good insurance.

Personal Finance Pinpointing the true value of financial advice

Advisors can add enormous value by being the independent, objective voice of reason that helps investors avoid the mistakes emotional and cognitive biases lead to.

Personal Finance Making financial room for a new arrival

New parents underestimate the costs, here’s what to consider.

Personal Finance South Africans are the biggest borrowers in the world

Most South Africans have no choice but to go into debt for everyday items such as cell phones and vehicles.

Personal Finance Top 10 things South Africans asked Google about money last year

South Africans are looking for alternative ways to earn a bit more money, and are trying to make their money go further in these tough times.

Personal Finance Impending changes to the taxation of foreign employment of SA residents

The change only impacts individuals who are South African tax residents.

Personal Finance The best way to finance your car

Six financing scenarios for a vehicle priced at R200 000 show how short-term ease of repayment can translate into substantial pain later.

Personal Finance What if the banks froze you out?

Does being able to close company accounts give banks too much power?

Personal Finance Prepare for new foreign income tax now or get hit hard later

Under the new legislation, South African tax residents abroad will be required to pay tax of up to 45% of their foreign employment income.

Personal Finance How to halve your home loan term

Disciplined additional payments make a big difference.

Personal Finance Parents feel the back-to-school money pain

Primary school parents are expected to feel the ‘Januworry’ crunch this month with crippling Grade 1 school uniform and stationery prices meaning some parents could spend as much as R3,000 per child.




 

 

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