Kim is a financial planner and established life coach who can shed some light on the blind spots we have in our relationship with money. I did financial life coach Mary's Money Mastery 6-month course and was amazed at how my money and energy started flowing towards my life purpose. These guys make an effort to make a very dry topic come to life. Some facts only apply in the US, but overall this online money management course is very useful. There are more tax benefits to an RA than the annual refund, though. This infographic shows the tax relief on an RA for someone earning R250 000, R500 000 and R1 million per year respectively. If you're a high income tax payer, you can save a substantial amount of tax every year by contributing to your private retirement annuity (RA) - aim for saving at least 15% of your income. Retirement annuity and tax relief infographic Kristia and Simon are doing a phenomenal job introducing exchange traded funds - ETFs - to the public. Compare the funds in terms of the fees they charge, how they are rated by 3rd-party ratings agency Fundhouse and see which are the competitors in specific fund categories. Unit trust fund comparisonĪ comparison of unit trusts preferred by a selection of top financial advisers. ‘Principal’ is just another word for the capital you’ll be investing. This compound interest calculator works just as well for rands. In principle, avoid previous-generation retirement calculators, such as Old Mutual's, that assume you're aiming for 75-100% of your salary income in retirement, ignoring people who are living well below their means and may need only 50% of their salary level after retirement and want to retire before age 55. Discovery briefly had a good online calculator too, but their new version is too inflexible for the FIRE community, so I'll do a comparison of the latest and greatest retirement tools early in 2021. Sadly, this is no longer available to the public. In 2017 PPS launched an excellent reirement tool to calculate whether you’ve saved enough for retirement. It answers the most common tax questions South Africans ask, and also has a few great interactive tax calculators. This is a relatively new site by Walter, who is also the owner and creator of RateCompare. The tax-saving result is similar for all SA balanced funds. If you want to invest in, say, any balanced fund (Allan gray, Satrix, etc) select the Prudential Balanced Fund in the drop-down box. Use this tax-free savings tool to find out how much tax you save when you choose a tax-free unit trust instead of a standard one. I also use it for myself when I need to invest money for a specific use 2 or 3 years down the line - like building or renovations or a new car. This is where I go when I need to find the best possible guaranteed interest rate for my mother, who is a conservative investor. This personal finance blog is by Maya Fisher-French, a veteran in investigating money issues relevant to South Africans. Personal finance blogĪ fellow traveller on the road to financial freedom.
On top of that, this top-quality blog covers a whole range of investment topics. A great buy vs let calculator when you can’t decide whether to buy your first property or continue renting.
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