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Financial Planning

By 7 May 2012

So when it comes to financial planning, what on earth does capital gains tax have to do with dying?
Well, as it turns out…quite a bit unfortunately!
You see before we can get around to winding up the estate and dishing out assets left right and centre, we need to wind up ...

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Thumbnail image for How To Apportion Your Primary Residence Exclusion Between Two Properties
By 12 April 2012

I recently got a call from a gentleman with an interesting financial planning question, so I thought we’d tackle it today before I completely forgot about it.
You see this gentleman’s son had bought a property in October 2009 for R900, 000. Subsequently he (the son) had made R100, 000 worth ...

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Thumbnail image for How Will Capital Gains Tax Be Calculated in 2012 – Part Three
By 2 April 2012

Last week we discussed how capital gains tax was calculated in 2011. In this week’s financial planning article we are going to look at how capital gains tax will be calculated from March 2012 onwards. Remember that the calculation we’re doing is based on the individual and not on a ...

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Thumbnail image for How Do They Calculate Capital Gains Tax – Part Two
By 28 March 2012

Last week in financial planning you were briefly introduced to capital gains tax. This week we are going to look at how capital gains tax was calculated in 2011. Next week we’ll look at how things work in 2012.
The first thing you need to know is that capital gains tax ...

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By 23 March 2012

Let’s face it…government is now targeting the so-called “wealthy” among us! A major focus in the 2012 budget speech was the switch from taxing companies who declare dividends (therebt encouraging companies not to declare dividends), to the shareholders who will now get taxed on the receipt of dividends. Another almost ...

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By 22 March 2012

Paul is retiring this year…
He approached us with the following financial planning dilemma:

Should he take the full one third allowed to him in cash and pay the tax (if any), or
Should he take only the tax-free portion of the one third he is allowed?

To answer this question, let’s take a ...

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By 8 March 2012

Once again this is a continuation of an article we wrote for another insurance website…and which I thought to be way too important for you to miss. So here goes with this weeks financial planning article…
Last week we spoke about the first two options regarding pension or provident funds and ...

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Thumbnail image for What Should I Do With My Pension Or Provident Fund When I Resign?
By 4 March 2012

Here’s an article I wrote for another insurance publication recently, and which I’m hoping, will add value to you going forward.
Sp without further ado…
This question about what to do with pension or provident fund benefits gets asked a lot, and since most of us do a lot of job hopping, ...

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Thumbnail image for Have You Tried Using A Debt Snowball?
By 4 February 2012

Ask any good financial planner out there for the formula to getting out of debt and they’ll tell you…
“You approach your bank for a short-term loan and negotiate a very competitive interest rate. Then you take all your smaller short-term loans with high interest rates payable and pay them off ...

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Thumbnail image for Why Should You Be Using A Personal Budget?
By 28 January 2012

So far this year – with regard to financial planning – we’ve discussed:

calculating your net asset value (balance sheet)
calculating your income and expenditure (income statement)

And today we’re discussing the use of a personal budget!
How important is it to have a personal budget?
In the immortal words of “Stone cold” Steve Austin: ...

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