I received another unsolicited email today from an operation called “savemoney.co.za” about a tax-free savings account.
It’s just Old Mutual in disguise and despite claiming to offer the “best tax-free savings account in South Africa” a little digging shows that this is VERY far from the truth.They are, in fact, ripping off poor, unsuspecting and ignorant people. Continue reading Talk about a wolf in sheep’s clothing
I recently watched someone using a leaf blower to clear their pavement. As I watched, it struck me what a pointless exercise it was and it crossed my mind that the leaf blower must be one of the most senseless machines yet invented. Continue reading It’s time to do the Mickey Blue (again)
A few years ago, during the National Budget Speech, government put a cap of R350k pa on retirement contributions. It appears that no one at treasury has given this much thought Continue reading It’s time that treasury stopped being short-sighted when it comes to the wealthy!
Am I the only one who dislikes Tax Free Savings Accounts (TFSA) and all the hype that goes with them?
Let’s take a step back before getting all excited about TFSA’s. They were introduced (by Government) to encourage non-savers to save and unfortunately, Continue reading The great Tax Free Savings Account con!
I recently had an interesting discussion with a friend of mine (we don’t do her financial planning). The conversation turned to money Continue reading It’s time we had different conversations with our clients…
A moral dilemma?
Consider the following:
A very old man dies, he had a unit trust investment of R300k that he used to support himself and his wife – Continue reading A moral dilemma?
Not content with being lambasted by the tax ombudsman’s office, SARS now seem to be making up their own rules as they go along. Continue reading More SARS flu
There is this strange phenomenon in SA called Regulation 28 that is applied to retirement funds. It stipulates that retirement fund members may not have more than 75% of their funds in equities and no more than 25% of the fund invested offshore Continue reading A case for higher offshore weighting within a living annuity?
You know that SARS is really in a mess when they still insist that Internet Explorer is the “safest” browser. It is also the only browser in which their efiling application functions correctly. How is this possible in 2017? Continue reading “Internet explorer is the safest browser” SARS*
ISM R5000 Share portfolio scam on the go again
It seems that an old scam is on the go again. I have just received a call from a company claiming to be called “ISM” and advising me that I had won a R5000 share portfolio. They needed to make an appointment to bring the money to me – urgently. Continue reading Scam alert – ISM R5000 share portfolio