A secured future, let's talk about retirement

If you have more than one Pension Annuity, you might run the risk of owing the Taxman.

When you retire and start receiving a monthly income from your pension fund, provident fund , or retirement annuity, that income is called a pension annuity.
Pension annuities are taxed just like a salary.
Every month, the company paying your pension deducts Pay AS You Earn PAYE.

" Be careful- If you have a second pension, rental income or investments , that can push you into a higher tax bracket ".
On SARS the amounts will raise your tax bracket.
This can result in a short fall , leading to you owing the taxman.

Iam not a financial advisor .

Lifestyle inflation has made people not to save and invest'but can be managed if you take control of your spending. I realize this everytime i got an increase at work , my lifestyle needs increased to match that increase. This can be come a problem if not controlled.

Our current situation is because of the decisions we made.Morning family.

Hie
My tribe Iam back.

For assistance with submitting Beneficial interest on CIPC
Kindly call us 0718830614

Hope your enjoy your Christmas and don't forget to spend wisely .
January is around the corner.

Money market funds

How money market works

Investors pool their money and fund managers invest in safe, short - term instruments.

Another key focus of money market fund

Safety is the low - risk nature of money market funds they invest in secure , short- term debts

Like Treasury bills 'certificate of deposits
Commercial paper

Why it matters

These investments minimize credit and interest rate risks, offering peace of mind to conservative investors.

One of the key focus of money market funds

Liquidity

Liquidity refers to how quickly and easily you can access your money without losing value

Why it matters

Money market funds are highly liquid, allowing investors to withdraw funds almost immediately.

They are excellent choice for emergency savings or temporary cash parking.

Crypto is printing money - a crazy bull run.

Considerations for choosing a fund
1 Interest rates - Compare funds
Historical returns against benchmark rates

2 Fees - management fees as they impact net returns

3 liquidity- Ensure the fund offers the access you need for your investment.

4 Issuer Quality - Check the credit quality of underlying assets to assess risk.