The Hidden Cost of Cancer

The Hidden Cost of Cancer

As the leading cause of death globally, cancer holds more than just physical and emotional implications – it can also have a devastating impact on your finances.
Statistically, one in four South Africans will be diagnosed with cancer or have someone close to them diagnosed. The financial burden of dealing with a dread disease like cancer can be massive – the out-of-pocket medical costs, as well as unforeseen non-medical expenses like in-home carers and additional childcare.

Discovery Run the Rhythm 947

Discovery Run the Rhythm 947

Get ready to move your body at the Discovery 947 Rhythm Run. Whether you are an avid runner, a social runner or a haven’t-run-yet runner, it’s time to start planning for the greatest fitness event of the year that will make you sweat, both on the track and on the dance floor. After your run around the track, the race ends with an exciting after-party where you can let loose to the rhythm of Jozi with 947 DJs and personalities.

Tax impact – Capital Gains Tax

Tax impact – Capital Gains Tax

Any interest earned on your investment is included in your gross income for that particular tax year, even if you have re-invested the interest. This means it forms part of your income and will be taxed according to your income tax rate.
You do, however, qualify for an interest exemption, so you will not pay income tax on the first R23 800 of interest if you are under the age of 65, or R34 500 if you are over 65.

Your minor children and the taxman

Your minor children and the taxman

Investing on behalf of your children is a generous act of foresight and, if you can afford to do it, opens up future opportunities for them. Unit trusts are a common choice for many parents due to their flexibility and the easy access to the invested money. But what does the fine print say about tax and ownership rights?