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GENESIS PRIVATE CHOICE – POSSIBLY THE RIGHT CHOICE FOR YOU NEXT YEAR?

Tired of having a gun held to your head by your medical scheme? If yes, then here’s the proven choice.   Let’s get straight to the point. We live in a country where you don’t get much in return for your taxes. The cost of food is spiking through the roof Municipalities are out of […]

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WHO THEN DECIDES WHAT YOUR MEDICAL SCHEME WILL PAY?

Earlier this year I got a once in a lifetime opportunity to see a gynaecologist. Okay, enough with the wisecracks around my seeing a gynaecologist. How was I to know they’re especially fond of the ladies? The point I’m trying to get at, is that I spent an hour with him and it didn’t cost […]

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ONEPLAN BLUE – IS IT RIGHT FOR YOU?

So how would you like to get paid for seeing the doctor before seeing him or her? That’s one of the benefits offered by  OnePlan.  But let’s take a look at their Blue Plan in more detail, shall we? Let’s get the cost out of the way first OnePlan offers six different options: The top of the […]

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MEDICAL GAP COVER – IS IT TOO LATE TO JOIN?

It was going to happen sooner or later and you were always going to be the loser. What am I on about? Behind the scenes there is a battle going on between two industries – the medical schemes and the insurance companies. The loser has always been the insurance industry, but ultimately it’s you. Medical […]

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ONEPLAN HEALTH – WHY YOU NEED TO LOOK AT THE BLUE PLAN OPTION

Two quick questions for you today: Are you on a bottom of the range medical aid? Are you willing to spend R300 to give it a boost? If you answered “yes” to both questions then we have some good news. We’ve written about Oneplan before. What we did was look at all the plans, and specifically the health […]

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GEMS EMERALD VALUE – A ONCE IN A LIFETIME OPPORTUNITY

Did you know? That GEMS is the largest restricted medical scheme in South Africa That they are also the second biggest medical scheme in South Africa I can already hear you saying; “Ja, but that means nothing because the government is behind them, and in any case, it’s only for government employees.” I’d love to […]

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ZESTLIFE UNIVERSAL MEDICAL GAP COVER

When it comes to insurance, what would you rate as your top priorities? This is how I arrived at my essential list: Driving a financed vehicle? Man, I wouldn’t risk driving on our roads without insurance; I don’t know about you. Paying off two car loans, wow! Life insurance? Important, but not as important as […]

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HOW TO CHOOSE A MEDICAL AID

Who’s getting the biggest chunk of your paycheque every month? Is it your bond? Maybe your car repayment? School fees? Now the great thing about all of these is that you’re getting something for your money. Eventually that home will be yours – that car yours – but spare a moment for those expenses where […]

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FEDHEALTH 2017 – PART ONE

I’m not going to lie, I’m with Discovery Health. I’ve been with them for years, I’ve never had any bad experiences with them, they’re an excellent medical aid scheme, the cost suits my pocket, and honestly, it’s a schlep to move. But at the same time I’ve heard only good things about Fedhealth from people […]

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DISCOVERY HEALTH 2017 – PART THIRTY ONE

In part thirty of this series we looked at what the KeyCare Access plan offered. Now we look at the KeyCare Core and where it fits in right at the bottom. The KeyCare Core plan This plan is the least expensive and comprehensive of all the KeyCare options since it only allows you to: Use of […]

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DISCOVERY HEALTH 2017 – PART THIRTY

In part twenty nine of this series we looked at what the KeyCare Plus plan offered. Now we look at the KeyCare Access option and where it fits in. The difference between KeyCare and everything else at Discovery Health On all the other plans you get to manage your healthcare expenses. Even on the Core plan – […]

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YOU’VE BEEN LIED TO YOUR ENTIRE WORKING LIFE – THIS IS THE WAKE UP CALL

Let me explain… Since you left school you’ve been chasing the dream of financial freedom.  The dream of: Working hard, Getting promoted, Earning tons more money, and Finally achieving financial freedom. But the truth is that the system is geared to eat you up alive. The plan is to milk you for as much as […]

Posted in Insurance, Money Matters | Tagged , | 1 Comment

SHOULD YOU EVEN BE PAYING TAX?

Should you ever tell SARS about the money you earn overseas?   Sounds a bit unfair, right? Living in London isn’t cheap and having to pay tax locally ain’t nice. Is there a loophole? Let’s find out… The first thing you need to know is that we use a residence based system of tax. So, […]

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IS YOUR RETRENCHMENT PACKAGE TAXABLE?

So twice in the past month I’ve gotten a call from clients about the same thing – retrenchment. The first person was in the process of being retrenched and she wanted to know how much she’d get out after tax. The second person had already been retrenched and was calling to follow up on a […]

Posted in Money Matters | Tagged | 2 Comments

SHOULD YOU RESIGN AND CASH IN YOUR PROVIDENT FUND?

The question on everyone’s mind: “Is the government trying to steal my provident fund?” Well that could be a possibility further down the road, you never know. Who’s to say they won’t force all pension and provident funds to invest in government bonds at some point? Or introduce some or other ‘extra’ tax on the rich […]

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WHAT HAPPENS TO YOUR LIVING ANNUITY WHEN YOU DIE?

Ever wondered what happens to mom or dad’s pension when they die? A close friend of mine discovered the answer in a roundabout way. Here’s her story… It all started with a fight over money “My ex husband passed away three months ago. I’ve been staying over at his house while he was in hospital, but […]

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THIS ONE QUESTION MAKES ALL THE DIFFERENCE AT RETIREMENT

What is the single most important question you need to ask at retirement? Will you take what you need or what you can afford? “Huh? That doesn’t make sense!” Hang on a moment, it might not make sense right now, but keep reading and you’ll see it makes perfect sense. Picture this scene for a moment… […]

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THREE EMERGENCY NUMBERS THAT SHOULD BE ON YOUR PHONE

Where’s your insurance company’s emergency assistance number when you need it? Let’s fix that problem right now! Grab your phone – whip out your car and home insurance policy – and store their emergency number on your phone. And while you’re doing that, store your policy number as well (or know your ID number off by heart). […]

Posted in Money Matters | Tagged | 2 Comments

IS IT WISE GETTING MARRIED WITH AN ANTENUPTIAL CONTRACT?

So you’re thinking of getting married, are you? The big day is fast approaching and mom’s driving you up the wall… She’s juggling caterer, florist, and ‘Dominie’,* while dad’s on the couch, a fat smile on his face, telling everyone to ‘calm down and relax’… Hours and hours of preparation have been put into planning one of the […]

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THIS IS WHY HAVING A SPOUSE IS IMPORTANT

Which of these applies to you? My spouse is important and I’d have it no other way, or No way, I wish I was still single. I’m a huge fan of the first group. That’s because the single life sucks. It’s pretty cool being young and single – pretty awful being old and single. In your twenties…  […]

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ARE YOU SURE YOU WANT TO GET MARRIED IN COMMUNITY OF PROPERTY?

“Love is in the air…” Do those words ring any (wedding) bells with you? “Love is in the air, every sight and every sound… and I don’t know whether I’m being foolish; don’t know whether I’m being wise…” Well in case you’re wondering, the purpose of this article is to make you wise about all […]

Posted in Money Matters | Tagged | 1 Comment

THREE REASONS WHY YOU NEED A WILL

What is the single most important thing you own? Maybe a home? Or how about that car? Nothing at all? Here’s one for the ladies…what about your shoe collection? We all own something, right? So I guess this raises a second question. Who gets to own all this ‘stuff’ when you pass away? Now isn’t that a good question. […]

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WILL YOU BE 50% RICHER OR POORER IN 5 YEARS TIME – TAKE A GUESS

How many years you reckon it would take to double your investment? Look no further than the rule of 72. Let’s say for argument’s sake, you invest R10, 000 at 8% per annum in a fixed term deposit at your bank. But you want to cash it in once your R10, 000 turns into R20, […]

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IS YOUR RETRENCHMENT PACKAGE TAX-FREE?

You’re not quite ready for retirement and you’re about to be retrenched. How will you be taxed? Business had been bad for a few years now. As Rob looked around the office, he remembered the various names and faces who had sat at each of the empty desks. But Rob was comfortable, much like the […]

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TAX-FREE SAVINGS ACCOUNTS – CLEARING UP ANY CONFUSION

A couple of weeks ago we wrote an article on the Old Mutual Tax-Free plan. In that article we recommended you speak to an Old Mutual advisor before investing. We received a lot of feedback from our readers especially around the annual and lifetime limits. We decided to do a second article clarifying this. But […]

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TAX-FREE PLAN – FOLLOW THESE RULES

Is there any type of investment – with tax benefits similar to a retirement annuity – which allows you to cash in whenever you want?   A retirement annuity has always been the preferred way to get something back from the taxman. It still is…if you earn enough to have a tax problem. But one […]

Posted in Investments | Tagged , , , | 9 Comments

IS YOUR RETIREMENT LEAKING MONEY?

What would you do if someone pointed out that your petrol tank was leaking? The first thing I’d do is plant a big fat wet kiss on their cheek and then I’d run to my mechanic (Actually on second thoughts I’d drive my car to my mechanic!). And all the way I’d be thinking two […]

Posted in Investments | Tagged , | 4 Comments

RETIREMENT ANNUITY OR TAX-FREE SAVINGS ACCOUNT

 What would the average South African prefer doing – Saving for a rainy day or splashing out on a new smartphone? Buying the smartphone, of course. What did you think? So can you imagine the dilemma facing government when it came to encouraging people to save? “How are we going to encourage the man in the street […]

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ARE ALL YOUR INVESTMENT EGGS IN ONE BASKET?

If you had to put all your eggs in one basket, would it be in an endowment or unit trust? Would it surprise you if I said it doesn’t make a difference? Let me explain why I’m writing about this. A couple of days ago I got a call from someone resigning their job. I mentioned the option […]

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WILL YOUR RETIREMENT BE THIS SCARY?

Ever wondered how you would live if you lost your job? How would you pay the rent, the food, school fees? Scary, right? But guess what’s even scarier? I’m about to take you into the life of a pensioner. Someone without the possibility of ever finding another job. Someone who depends on whatever he has saved up in […]

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SHOULD YOU INVEST IN TAX-FREE SAVINGS ACCOUNTS?

Tax-Free Savings Account or retirement annuity – which makes more sense? As of March 2015 SARS is offering you a Tax-Free Savings Account. Great news, right? After all, who likes paying unnecessary taxes? Long before tax-free savings accounts came into existence, the only option you had when it came to saving tax, was the trusty old retirement annuity (RA). […]

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WHY HAVEN’T YOU TAKEN OUT A RETIREMENT ANNUITY?

A question we often get asked is this: “Can I take out a retirement annuity if I already belong to a pension or provident fund?” The reason I’m bringing this up is because I’ve just read an oldish brochure from Discovery Invest. Here’s some interesting stuff you might not know: In 2011, South Africa had a population […]

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TWO QUESTIONS EVERY PENSIONER ASKS

Which pays a better income when you retire – living annuity or conventional annuity? In a previous article we wrote about whether we’d recommend a living annuity to you. At the end of that article I also mentioned that I’d tell you a little on how living annuities work. Now what’s important here, is that you don’t wait […]

Posted in Investments | Tagged , , | 6 Comments

5 MISTAKES YOU COULD MAKE WITH YOUR CAR INSURANCE

A stolen smartphone isn’t the end of your world, but could you say the same when it comes to your car? “Damn insurance company. Should have known they’d come up with some reason not to pay. I knew that it was too good to be true!” A week earlier Gerald had bought his first car […]

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9 FREQUENTLY ASKED FUNERAL COVER QUESTIONS

Have you ever looked at an offering and wondered if it’s actually worth spending the money? Funeral insurance can be one of those ‘I’m still on the fence’ type of products, right? It’s marketed aggressively, so we’ve all heard our fair share of funeral cover pitches on the radio or TV. But is it something […]

Posted in Insurance | Tagged , | 10 Comments

YOU’VE BEEN LIED TO YOUR ENTIRE WORKING LIFE – THIS IS THE WAKE UP CALL

Let me explain… Since you left school you’ve been chasing the dream of financial freedom.  The dream of: Working hard, Getting promoted, Earning tons more money, and Finally achieving financial freedom. But the truth is that the system is geared to eat you up alive. The plan is to milk you for as much as […]

Posted in Insurance, Money Matters | Tagged , | 1 Comment

WHAT HAPPENS IF YOUR DOMESTIC WORKER DIES?

Is Their Problem Your Problem? Your domestic worker takes care of your family.  For some families, she really is part of the family.  What would happen to her family if she were to die?  Do you care?  Should you care? Put yourself in this situation Just after eight the doorbell rings. “Who is it?” “Joseph” […]

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SIMPLY’S APPROACH TO LIFE COVER IS MORE SIMPLE THAN ANYTHING WE’VE SEEN BEFORE

There is a new bunch of tech guys and gals on the life insurance block, who are looking to shake things up, with products that are relevant and affordable. Simply (which stands for life insurance simply-fied) offers cool benefit combos that provide life, disability and funeral insurance products in one policy. Their sign-up process is […]

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CAN YOU INSURE YOUR CAR FOR LESS THAN R20 A DAY?

Times are tough and we are all feeling the pinch, right? But we all need to continue fueling up our vehicles and head off to work every day to keep our head above water (and the economy ticking over). What if your already hefty car insurance premiums are starting to become unaffordable? Could you get […]

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PROFESSIONAL LEGAL ADVICE COULD HAVE BEEN MY PEACE Of MIND

So let me tell you a little story… It’s 9pm, on Saturday the 27th of May 2017, and I’m driving home from a function. The area is remote with just the odd car passing like ships in the night. I take a long sweeping bend to the left, thankful that it’s not far now before […]

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IT’S TIME TO GET YOURSELF A BODYGUARD

More than ever, driving on South African roads means each of us needs a bodyguard. You’re driving down the road. The guy in front of you is taking his sweet old time, but no problem, you take the right hand lane to overtake, and accelerate past. Suddenly you spot something large looming in your rear […]

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BITTER ABOUT PAYING YOUR LIFE COVER PREMIUMS? – OLD MUTUAL PAID 99% OF LIFE COVER CLAIMS IN 2016

Are you feeling a little bitter about paying life insurance premiums month-on-month, knowing very well you will never see any of those premiums back? It feels like a tough pill to swallow, doesn’t it? You don’t really want to cancel your life policy because you can’t run the risk of leaving your family with nothing, […]

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AA ROADSIDE ASSISTANCE – IS THIS THE KIND OF ACTION YOU NEED?

Ever wondered what those ‘AA’ stickers on the backs of cars mean?  Me too… You know the ones I’m talking about…You’re driving down the road and in front of you is a 4×4 with an AA sticker on the back. It looks something like this: Now I’ve never been a member of the AA, never […]

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YOUR FUNERAL – HERE IS HOW TO PAY FOR IT

There are two expensive trips each of us will make…both of them involve Churches. This article deals with the final trip each of us must make – our funeral. But what if it happens unexpectedly? Death is no laughing matter, and I apologise if it comes across as such in this article, but to be […]

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