Men’s Health

Men’s Health

Men’s Health While a lot of woman think the most common health threats to men are MEN-opause and MEN-tal illness,  this is unfortunately not the case. According to WebMD here are the 3 most common health threats to men: Cardiovascular Disease One in 5 men and woman will die from Cardio Vascular Disease. Men’s arteries however develop atherosclerosis earlier than Woman. Men’s average age for death due to Cardio Vascular Disease is under 65 (so if you are younger than 65 are you at an increased risk) with woman only catching up about 6 years later.This might be because woman drive their men to heart attacks or men eat too many cheese burgers.. Lung Cancer Lung Cancer spreads voraciously, usually remaining undetected before it begins to cause symptoms or even show up on an X-ray. By the time it’s found, lung cancer is often advanced and difficult to cure. Less than half of men diagnosed are alive one year later. Prostate Cancer Prostate cancer is the most common form of cancer in men, other than skin cancer. About 1 in 6 men will be diagnosed with prostate cancer in their lifetime, but only about 1 in 35 will die from it.  Luckily, only a finger prick test is required in modern times!!!Ladies, love your men enough to encourage them to get checked. While men might live a healthy lifestyle, jog and eat healthy food, they are unfortunately not immune to these problems. Hollard Life Comprehensive Critical Illness however, does cover all 3 of the above mentioned health issues. Now are you Man enough to call to enquire about the...
Advice on emigration

Advice on emigration

By Odette Kriel, Legal Adviser (Financial Planning, Advice and Wealth Management) Financial advisers find themselves having to answer a plethora of questions asked by their clients in respect of emigration. These questions include the relaxation of the annual foreign investment allowance on 1 April 2015 from R4 million to R10 million per individual taxpayer, the weakening rand and the opportunity for South Africans to own foreign property. Important exchange control considerations on emigration It is important to note that a ‘resident’ for exchange control purposes, does not hold the same meaning as for the Department of Home Affairs or the South African Revenue Service (SARS). The following persons are classified as ‘residents’ for exchange control purposes: • Clients living in SA permanently, or • Clients who are domiciled in SA, or • Clients (entities) that are registered in SA. Ultimately, it means that a SA citizen who lives abroad, but who has not formally emigrated, remains a SA resident for exchange control purposes. Therefore, it is a question of fact – did your client ‘emigrate’ through the South African Reserve Bank (SARB) or not? If not, then they are still SA residents for exchange control purposes. Note that relocation between countries in the ‘Common Monetary Area’ (that is, between SA, Lesotho, Namibia and Swaziland) does not equate to emigration and does not require any exchange control intervention. Money can only be transferred out of SA with the permission of the SA exchange control authorities. Part of the SARB’s mandate is to control the flow of money. The exchange control regime is largely set out in the Exchange Control Regulations...
Marriage in community of property

Marriage in community of property

Is pension interest automatically an asset in the joint estate? Compiled by: Lize de la Harpe, Legal Advisor: Glacier by Sanlam This publication is intended for use by intermediaries. Introduction One of the ordinary consequences of a marriage in community of property is that a joint estate is created in which both spouses have an equal share. What is however not always properly understood is exactly what constitutes an asset in the joint estate. This is of particular importance when the joint estate is dissolved upon divorce. In this edition we will look at the applicable law and recent case law on this topic. Sharing in the joint estate at divorce A marriage in community of property is the automatic matrimonial property regime for most marriages in South Africa. From the start of the marriage all assets and liabilities are incorporated into a single, joint estate and all assets accumulated during the marriage also become part of the joint estate. Both spouses are joint owners and are thus entitled to an equal share of the joint estate, subject to certain exceptions. When a court grants an order of divorce the community of property between spouses comes to an end and the joint estate is divided. The Divorce Act 70 of 1979 (hereinafter referred to as the “Divorce Act”) governs divorce proceedings in South Africa. Section 7(1) of the Divorce Act specifically empowers the court to make an order in accordance with a written agreement between the parties (so called “settlement agreement”). Alternatively, in the absence of an agreement between the parties, the court is empowered to order division of...
Five steps to financial freedom

Five steps to financial freedom

By: Boitumelo Mothoagae, head of Customer Relationship Management, Liberty. Have you ever dreamed of becoming your own boss or taking a sabbatical to kick-start a new career? Do you dream of living debt free, away from financial stress? Financial freedom is not that hard to achieve – you do not have to wait 20 years to achieve this goal. For example, did you know that if you saved 20% of your income each month, within four years you would have enough money put away to fund your salary for about a year? – that is financial freedom, giving yourself choices. With the right financial plan and commitment, financial freedom is just a couple of years away: 1. START WITH A PLAN: TALK TO A FINANCIAL ADVISER ABOUT HELPING YOU DO THIS ANALYSIS Understand what your assets are (house, future income) and what liabilities (debt) you have. What is your income and how much do you spend each month? Where do you see yourself financially in 5, 10, 15, 20 years? Understand the steps you need to take now to ensure you are where you want to be financially. Set financial goals and objectives. Do you want to work for yourself in five years’ time or buy a house? Do you want to retire at 55 years or send your children to private schools or to university? 2. HAVE A BUDGET: UNDERSTAND YOUR NEEDS AND WANTS What are your needs? What bills do you have to pay to survive like rent/mortgage, groceries? What are your wants? Those day-to-day expenses that you could live without but are an important part of...
Man’s Guide to Preventative Health Screening

Man’s Guide to Preventative Health Screening

These tests and screening guidelines are recommendations for healthy male adults free of symptoms and with no risk factors. If you have a medical condition or have risk factors associated with a condition or disease, your healthcare provider may recommend an altered schedule of screenings. View Preventative Health guidlines...