Stephan Le Roux - Wealth Manager

SAVING FOR A SPECIFIC GOAL

Have a big goal in mind? Let’s make a plan to save for it.
Whether you’re saving for a house renovation, a new car, or your child’s university fees, having a plan makes it easier. Together, we can figure out how much you need and how to save bit by bit to reach your goal. Let’s start working toward that dream, one step at a time.

*For example, if you are saving for R100,000 and you need the cash in five years. Essentially, you need to save R1,081 per month with a 10% increase in contribution per year and a 10% net return, to reach the goal amount in five years.

Got your SARS refund? Here’s a smart way to use it!

Instead of spending your SARS refund, why not put it in a Tax-Free Savings Account (TFSA)? You can save up to R36,000 per year, and the interest you earn won’t be taxed. Over time, this can add up – after 13 years, you could save close to R1 million! Let’s talk about how to make your money work harder for you.

* Here’s an example of the above calculation: R36,000 per year with 10% net return +- 13 years = R929,941.

Tax Savings on Retirement Annuity Contributions

Here’s a simple example of how contributing to a Retirement Annuity (RA) can reduce your taxable income:

Let’s say you earn R30,000 per month (R360,000 per year) and contribute R1,500 per month (R18,000 per year) to your RA. By doing this, you could save R4,680 in taxes annually.
Instead of being taxed on your full annual income of R360,000, your taxable income is reduced by your RA contributions. In this case, it would be R360,000 minus R18,000, meaning you’d only pay tax on R342,000.
The more you contribute to your RA, the more you save on tax!

Are you saving enough to retire comfortably?

A Gap Analysis helps you figure out how much you need to save each month to reach your retirement goals. It takes a look at what you’ve already saved and how much more you need. I can help you do a free Gap Analysis and find the best retirement solution for you. Let’s make sure you're on the right track for the future.

Nando’s on the Xtra Hot topics again… for the pots you need a financial advisor for, I’ll be here 😉
Send me a DM for your order number.

Think life insurance is expensive? Think again! For the cost of your daily coffee fix, you can secure a life insurance policy that protects your loved ones. It’s an affordable way to ensure their financial security, giving you peace of mind while you enjoy that morning brew!

Feel like a FREE coffee? Let’s meet for a financial planning introduction and review, and the coffee is on me!

Is your life insurance and investment portfolio still on track?

Regular reviews ensure your coverage and investments align with your current needs and goals.
Stay protected and make the most of your financial future by scheduling a review today!

Income Protection is your safety net when life takes an unexpected turn. If an injury prevents you from working, this cover helps you maintain your lifestyle by covering essential living expenses and medical costs. This ensures that you are able to maintain your lifestyle, look after your family and rest and recover without added pressure and stress.

Protect your future, today.

Understanding the type of group risk cover you have is crucial for your Financial Needs.

Approved vs. Unapproved Group Cover:
→ Approved Cover is tied to a retirement fund, and the payout process can take up to 12 months, with funds distributed according to specific legal guidelines.
→ Unapproved Cover is separate from the retirement fund, providing faster, tax-free payouts directly to your nominated beneficiaries or estate.

Knowing your coverage ensures your loved ones are taken care of. Keep your beneficiary details up-to-date.
When last did you check your financial coverage and make sure you are updated and covered?