The idea is to get South Africans to save, but it’s best to do your research first to find out if a TFSA is really suited to your needs
Have you made the most of your tax-free investment contributions?
You CAN save money if you just know how
Promoting a culture of saving can help to turn the economy around – particularly for African women
Retirement industry stakeholders can improve both the country’s retirement and socioeconomic conditions
Set up tax free savings accounts for your children now
The Tax Free Savings Account is designed to encourage a savings culture, without having to pay tax on the earned interest
Small differences in fund management fees can be an investment killer in the long term
Investing in a retirement annuity delivers some tax relief on your contributions
It would benefit most South Africans to service their debts first
The TFSA was designed to encourage a savings culture
On average, investing in a TFSA saves 1% a year in costs compared to other investments
From March 1 South Africans can seamlessly transfer money between tax-free accounts
All stand to benefit from TFSAs, but they really work best for novice investors
A TFSA is best seen as a long-term investment
Tax-free savings accounts strike a chord with many South Africans
A reminder to consider the tax efficiency of certain savings vehicles
Behaviour of the rand influenced by political and structural factors, but also by cyclical factors.
From not earning enough or not having a desire to do so, the reasons given for South Africans not saving are myriad.
Banks and the state have a role to play to change the thinking of South Africans, writes Lynley Donnelly.
The majority of households are forced, or choose, to spend most of their income and just keep their fingers crossed about the proverbial rainy day.
Reform is needed to simplify products for which the returns are barely worth the investment, writes Maya Fisher-French.
The key to being financially savvy and literate has been revealed: Teach your children about money matters from an early age.
Pravin Gordhan stresses that government departments have to stretch their resources and fund their projects with their own cashflows.
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/ 24 October 2011
Paying off your debts does not mean you don’t have to save.
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/ 17 October 2011
Can pooling all your 10c together make a difference to your bank account in the long run?
South Africa has a high level of cynicism which impacts our belief in our future and therefore our ability to save. We need to change our mind-sets.
How do you split your priorities when you don’t have enough money to do both?
Statistics revealed that investors are starting to show some optimism towards the equities market again.
According to the Old Mutual Savings Monitor some people take up the challenge and others stick their head in the sand when it comes to debt.
Many South Africans fully intend to become diligent savers but are just not translating these intentions into action.
Your savings plan needs to cater for short, medium and long term goals.