REMOVING THE FOREIGN ASSET LIMIT FOR ENDOWMENT ACCOUNTS

REMOVING THE FOREIGN ASSET LIMIT FOR ENDOWMENT ACCOUNTS

We are pleased to inform you that we have removed the foreign asset limit for the Allan Gray Endowment, effective 12 December 2018.

Endowment accounts will be allowed up to 100% in foreign assets, up from 60% since April 2018
As Living Annuity and Endowment investors use Allan Gray Life’s foreign asset allowance instead of their own, we need to manage Allan Gray Life’s overall foreign asset exposure to ensure that we comply with the South African Reserve Bank’s exchange control regulations.

The Allan Gray Offshore Investment Platform

The Allan Gray Offshore Investment Platform

As part of our ongoing effort to make our Offshore Investment Platform more accessible to clients, we are pleased to inform you that investors will have the option of using South African rands for lump sum investments into new and existing offshore accounts, effective 12 October 2018. We have negotiated preferential rates with an authorised dealer, who will convert clients’ rands into foreign currency. Minimum investment amounts are shown in the table below.

Banking on your business in retirement?

Banking on your business in retirement?

Many business owners believe their business is their retirement. They invest all extra profits into the business with the intention of selling it somewhere in the future and retiring afterwards. Other business owners don’t plan to retire at all and want to keep working. Whichever category you fall into, says Kobus Engelbrecht, Marketing Head: Sanlam Business Market, you’re exposing yourself to risk.

Hoe oud belegger is speel ‘n groot rol

Hoe oud belegger is speel ‘n groot rol

’n Belegger wat pas afgetree het, sal sy geld anders Rapport het beleggingsadviseurs ge­vra hoe die ouderdom van ‘n belegger die besluit oor batetoewysing raak. Almal is dit eens daar is nie ‘n vaste resep waarvolgens beleggers in verskil­lende ouderdomsgroepe oor batetoe­wysing moet besluit nie.

Kyk na dié somme vir aftreegeld

Kyk na dié somme vir aftreegeld

Jy het al die raad gehoor om die maksimum wat Jan Taks jou toelaat (27,5% van jou belasbare inkomste) In ‘n aftreefonds te spaar en dan, wanneer jy aftree, nie die derde wat jy kontant mag onttrek te onttrek nie. Danie Venter, ‘n gesertifiseerde finansiële beplanner en adviserende vennoot by Citadel, het ‘n paar somme gedoen en skryf dit maak vir middel- tot hoërinkomste-indivldue sin om ‘n bietjle anders te werk te gaan. Hier is sy slening – maar lees ook die aanmanings onderaan.