stationary on desk

Exemption of Services Under Supervision – New Consultation Paper – Impact on new Fit and Proper Requirements

The FSCA published a new consultation paper on “Exemption of Services under Supervision” dated 31 July 2018. We highlight the proposed changes that impact the Fit and Proper requirements specifically.  The paper addresses more than just the Fit and Proper requirements and we will provide more details in a follow-up article. You can download the consultation … Full article…

The different LinkedIn strategies we use

LinkedIn is, by far, my favorite social networking platform when it comes to building professional relationships, providing value to others and marketing my business and services. I am always looking at the different ways people act, engage, talk and post on the platform. I am always learning from what others are doing. Over time I … Full article…

Latest proposed Income Tax changes affecting individuals

The draft Taxation Laws Amendment Bill, 2018 has been published on 16 July 2018. A number of changes that were not discussed in the budget speech and that will impact individual taxpayers, have been proposed. We will focus on 3 specific changes: Changes to the Medical Tax Credits regime; Tax treatment of transfers to pension … Full article…

Is avoiding our client’s income tax position costing us?

The majority of financial planners I have the privilege to engage with say they avoid the area of income tax when it comes to their clients’ planning. Why?  They believe it is a specialist field that is best when left to tax practitioners and accountants. They believe it is a high-risk area due to its … Full article…

Are you a Financial Planner to Healthcare Practitioners?

Did you know? Recently, a number of Financial Planners have contacted me regarding planning for Healthcare Practitioners. Their questions included: A doctor wants to explore options to reduce his tax liability. Can he register a Private Company? If so, would this be tax-efficient? A family member of the Healthcare Practitioner wants to invest in her … Full article…

Financial planning wars?

Are we an industry or a profession? Financial planners or financial advisers? Do we help clients secure their futures or are we only concerned with our own? Over the past few months, I have witnessed different financial services role-players become more and more vocal about their views. I fully support robust debate; what does concern … Full article…

The thing our businesses do every day that ruins our reputations (and what to do about it)

Working with, and having contact with, many financial advisers and their practices each week, I started noticing an alarming trend. Then I started noticing the exact same trend with businesses in completely unrelated industries as well. I became very aware of this and the impact it has on my perception of these businesses and even … Full article…

Buying a retirement annuity only to save tax is the worst idea ever

Buy a retirement annuity to save tax! Retirement annuities are a great way to neutralise tax! Save tax now, buy a retirement annuity.  Save tax by investing into a retirement annuity before 28 February.  Your last chance to save tax before 28 February. I lost count of the number of times I read this everywhere … Full article…

How disastrous is the impact of the new VAT rate on a client’s investment?

Much is being said about the new VAT rate of 15% that will become effective on 1 April 2018 in South Africa. Yes, we are talking about billions of Rands that it will raise, and as a consequence, leave consumers a little poorer, but I was keen to see the impact it will have specifically … Full article…