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Old-gen vs new-gen RAs, and why it matters By Opinion Share An old-generation retirement annuity fund (RA), which is policy based, is vastly different from a new-generation unit-trust based RA. Abdallah Moosa, a planner and actuary at Cape Town-based wealth management company Fiscal Private Client Services, says RAs fall under the category of retirement funds (including pension and provident funds). “They are essentially a ‘personal retirement fund’, and contributions are typically ad-hoc. The contributions are tax-deductible up to a prescribed limit. In addition, investment growth on f...

Protecting your greatest asset - your ability to earn By Opinion Share It’s a new year and what an exciting time if it coincides with starting a career. Earning your first pay cheque is exhilarating but at the same time it is easy to fall into the habit of spending it all. As a once-off it is forgivable, but it can be an easy habit to fall into. According to Gavin van Dyk, Director and Certified Financial Planner at Fiscal Private Client Services, a Cape Town based wealth management company, spending your entire salary each month, and perhaps even incurring debt can be a slippery downwar...

Take control of your finances in uncertain times By Opinion Take control of your finances in uncertain times American professor of mathematics, John Allen Paulos is attributed with saying ‘uncertainty is the only certainty’. This is true for job security, future working environments, and even if Manchester United really are title contenders again! If uncertainty teaches us one thing, it is that we can control only what is within our control. Duann Cronje, a Certified Financial Planner at Fiscal Private Client Services shares how to take control in your personal financial planning to...