Your Money and Life Matters

16/09/2022

Let's talk TRUST(S)...
There are many types of Trusts in South Africa.
Set up for various reasons and purposes.
Are they relevant, why and for who?
Get to know from an expert ®

Some interesting facts ...

16/09/2022

Everyone defines differently. This for me sounds a little like it 🫶💯

30/08/2022

Excited to be a part of this awesome initiative by facilitating workshops for , helping the vision impaired community with their 🫶🌀

28/08/2022

"Building resourceful, resilient, independent children who can go out and create their own happiness and success."

And in turn, creating financially independent children.

Interesting conversation with Nikki Bush - Speaker, as always on Refiloe Mpakanyae's #702 show, Saturday mornings.

Download the 702 app, and listen to the podcast from Saturday 27 August 2022 called "How to help children develop their resilient muscle".

16/08/2022

"A person will be disqualified from taking any benefits under a will if they unduly influenced the testator to give him/her a benefit under the will or if they are considered to be unworthy".

The onus of this is, however, up to the person, claiming undue influence, to prove in court of law and can be a long, drawn out battle. Hence, fiduciary practitioners must act with due care and diligence when drafting a will to ensure its contents contain a person's intentions and with no outside influence.

05/08/2022

Carol: This is the second of the three part series of content I created for the winter consumer edition of ™.

Interviewer: Wow - so you had to break this up into three bite sized chunks.
Carol: Yes, I had to. As it was... and still is, too much for people to consume (giggling).

Carol: And anyone who knows me, knows that this is one of my passions.
Interviewer: And what passion is that, Carol?
Carol: To help match as much of the ±R42,000,000,000 (BILLION) of unclaimed retirement fund monies with the ±4.200,000 rightful owners.

Interviewer: Phew! And who are the rightful owners, Carol?
Carol: These are all kinds of people, and could even be you, or even someone you love.

Interviewer: No way, Carol - are you serious? And how will I even know whether I am one of those who have unclaimed monies sitting in retirement funds?
Carol: Well, there are many ways you can take that step in finding out , and I cover a number of these in my last article in this series - just in time for SPRING.

Interviewer: Awesome, Sheesh! I can't wait for the third part of this series that will be published on 23rd August 2022 in the FPIMyMoney123™ Consumer Newsletter.
Carol: Yup, and I am also creating innovative ways to communicate the "what, where, who and how" of these unclaimed benefits.

Interviewer: Just fabulous! So, Readers and Listeners - keep your eyes and ears on a number of social media platforms for news and views. . And be sure to like, share, comment to let Carol a.k.a. Kit know you are out there watching and listening.

FPIMyMoney123™ is a Financial Planning Institute of Southern Africa (FPI) initiative which focuses on delivering content and information to South African’s to assist with informing them and delivering content which will assist and improve their financial wellbeing.

28/04/2022

The value of qualified advice, and experience is ... Well, priceless.

29/03/2022

In the Slip Knot Investments 777 (Pty) Ltd v du Toit case of 2011: A 'silent', 'sleeping', 'absent' or 'puppet' trustee will not be tolerated.
.. This applies to the appointment of a Trustee to all kinds of Trusts, Retirement Funds, Sectional Title Schemes etc.

29/03/2022

Raubenheimer v Raubenheimer v Others (560/2011), LEACH JA (MPATI P, NUGENT, CACHALIA AND WALLIS JJA CONCURRING): " It is a never ending source of amazement that so many people rely on untrained advisors when preparing wills, one of the most important documents they are ever likely to sign"

LET THIS SINK IN 🙃🤨

22/03/2022

Being from Dutch heritage and with so many exiting this beautiful country of ours for opportunity, safety and hence future for their families, this attracted my eye.

"All South African tax residents need to submit tax returns to Sars on an annual basis to declare their South African or foreign income, if foreign income was made then the taxpayer needs to claim an exemption on foreign earnings.

Foreign earnings will be taxed on the surplus of R1.25 million at the marginal income tax rate which could be as high as 45%. Even if the tax resident qualifies for an exemption, a tax return needs to be submitted.

Tax residents need to understand that even if they cease their South African citizenship, their tax residency will remain because citizenship falls under the jurisdiction of the Department of Home Affairs and tax residency falls under the jurisdiction of Sars, the two do not align."

Skilled professionals are in high demand.

31/12/2021

#2022

29/12/2021

Fuel costs killing your budget?

Tip # 5. Use your air conditioning wisely... by cruising on the highway with your air-con on won’t make a difference to your fuel consumption.

See other tips on how to save on fuel, in the article 🤗

With the cost of petrol having breached R20 per litre in December, and diesel up to R18:00 for a litre, motorists in South Africa should be looking at ways to bring down their driving costs.