Don McCulloch Old Mutual

It has been quite fascinating watching how the stock-markets have reacted to the Covid crises. First a BIG drop then a pretty sharp V shaped curve to just about the same place we were before. The crises has none-the-less shown the wisdom of first staying invested, and diversifying your investment geopolitical and across asset classes.

Time to take stock of what your income is for 2017 and make provision for money to be paid into your retirement annuity. Remember that your allowable tax deduction for retirement funding is now 27.5%

The most undersold insurance product is disability. The reason for this is that not that many people become disabled (think about it how many do you know). The problem is that if you do become disabled it can be the most costly problem to manage.

One of the things that the SA Government is doing well is trying to promote a culture of saving in the country, particularly retirement saving and to this end have upped the allowable tax deduction up to 27.5 %.