Vitality Open

Vitality Open

With 17 million members globally, in 19 different countries, Vitality is the world’s best behavioural change programme – this TV commercial highlights how Vitality is changing the world.

Planning to be a parent?

Planning to be a parent?

With the spotlight on youth this month, you may be among those thinking about a visit from the stork. If so, here’s your financial to-do list.
Expectant parents and those planning a family may have started visualising their future bundle of joy. But while a new baby will capture your heart, it’ll also capture a fair portion of your family budget! Pregnancy and parenting involve many hidden costs, warns Danelle van Heerde, Head of Advice Processes and Tools at SPF.

Updates from the 2018 budget speech

Updates from the 2018 budget speech

2018 BUDGET SPEECH UPDATE. The Minister of Finance announced amendments to tax and other legislation that may affect investors. These changes come
into effect on 1 March 2018, unless otherwise indicated.

Old Mutual Invest Tax Free Plan

Old Mutual Invest Tax Free Plan

. What are the main benefits of a TFSA?

You don’t pay any tax on investment income (interest and dividends) earned in the product, or any capital gains. There are no restrictions on the funds you can invest in (other than that funds cannot charge performance fee), and no minimum investment period is required. You are also not limited on the withdrawals you can make from your investment.

Private school education in SA costs R2.2m per child

Private school education in SA costs R2.2m per child

The current cost of putting a single child through SA’s private education system from crèche through to the end of their tertiary education is around R2.2m, financial services group Discovery revealed in a recent White paper titled Extending Shared Value to Education.

Drawing on internal data, Discovery indicates that around R5 722 must be saved monthly to fund education for one child from primary school level, while families need to save on average R750 per month from birth simply to fund one child’s tertiary education fees. These figures are based on schooling fees increasing at 10% a year.