Failure to disclose material terms and conditions has been the downfall of many an adviser when a complaint is laid with the FAIS Ombud. Admittedly, 20/20 vision is only possible in hindsight as far as insurance goes, but upfront communication can save your bacon one day. “I want to insure my personal possessions.” “The value […]
A recent article on the distinction between private, business and commercial motor insurance raised a few questions from our readers: “According to this article we all have to insure our vehicles for business use. All admin staff in a company attends training off-site every now and then.” “If the examples are followed closely, most working […]
Substance abuse is on the increase in South Africa and at least 15% of South Africans are said to have a substance abuse problem according to 2016 statistics. Alcohol, marijuana (dagga), cocaine, tik and heroin are some of the most frequently used substances in this country, according to the South African Depression and Anxiety Group […]
During the prime of an individual’s life, you don’t give much thought to situations in which you become ill or are facing the end of your life. Sickness and death are not easy topics of conversations, but it is important for everyone to approach these heavy topics with close family members so that individuals can […]
It is that time of the year again, when we hold our breaths to see what the 2021 Budget speech will deliver against a backdrop of the devastating loss, sacrifice and hardship for so many South Africans brought on by the COVID-19 pandemic. Finance minister, Tito Mboweni, will deliver the National Budget speech on 24 […]
On the eve of the Budget, with a vaccine programme to fund, Carla Rossouw, tax lead at Allan Gray considers what levers government has to pull. What are the revenue drivers in SA? PIT, corporate tax and VAT account for about 80% of total tax revenue. Is there room to increase any of these drivers? South African corporate tax: An increase would […]
“Investors and role-players in the Section 12J sector will be waiting with bated breath to hear if the tax incentive receives a well-deserved extension,” according to James Rothmann of Anuva Investments. “Section 12J is only recently receiving the attention it deserves, and the cut off, in my opinion, will be short-sighted; we will only realise […]
Studies have shown that approximately 80% of New Year’s resolutions fail. While we have the best intentions, we’ve all been there, and most of us know how easily our immediate needs and desires can side-track us from reaching longer term goals – whether it’s getting fit, eating, healthy or saving money. According to Behavioural Economist […]
Fact: Skills Development Levy (SDL) is paid by every employer whose salary bill exceeds R500,000 per annum. It is 1% of the salary bill and is collected by SARS. Did you know? Employers who are up-to-date with their levy payments can claim a grant from the appropriate SETA if they submit a report each year […]
Upon entering a contract for a motor insurance policy, it is very important for financial advisers to clarify what the intended use of the vehicle is in order to determine the correct risk profile and to calculate the appropriate premium. Understanding the distinction between the various usages is important – if an insurable incident occurs […]
