Savings & Investments

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Invest in your child’s retirement

13 April 2016

The current economic climate is presenting major challenges for consumers and an improved savings culture may seem an unachievable goal in the short term, in a country where the savings rate is just 15.4% of GDP. These statistics from the South African Reserve Bank highlight the need for the consumers to address the low propensity to save. An early age introduction of financial concepts, such as retirement planning and budgeting, may be one of the solutions needed to improve our savings rate and reduce dependency on the state.

Spending habits

23 March 2016

Whenever there is an opportunity to splurge – be it the festive season, the start of the school year or Easter – retailers bombard consumers with specials and shoppers scramble to fill their trolleys to the brim with discounted spoils. This leaves experts asking the ubiquitous question: “How do those caught up in the craze, make it until the next pay cheque?” While those ensnared in a spending spree say: “I’ve tried listening to the experts, yet I still see no changes in my finances.”

Maximising savings before tax season ends: RA or TFI?

24 February 2016

As 29 February 2016 marks the end of the tax-year, taking advantage of tax breaks is a top-of-mind goal. There is still time to capitalise on the savings incentives instated by government. If making a decision between a unit trust-based retirement annuity (RA) or a unit-trust based tax-free investment (TFI), both of which offer tax incentives, which should you choose? Jeanette Marais, director of distribution and client service at Allan Gray, explains.

SA youth maximising opportunity to invest in Tax-Free Savings

24 February 2016

FNB Investments says South African youth are maximising the opportunity to invest in Tax-Free Savings. This follows a finding that 17% of FNB customers, aged between 21 and 30, have opened a Tax-Free Savings account and have opted for the shares option.

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