23/07/2022
Susan Mercer, esteemed Lifestyle Protection and Wealth Coach, brings you more interesting articles and useful tips the third quarter of her 2022 Financial Informer.
Below are some snippets of some the articles included.
To read the full articles, please click on the link below to the reading corner of her website.
1. Using to .
Say goodbye to tension and hello to your would be a refreshing sentiment if it was true for everyone. The truth is that the majority of working people do not retire with enough savings. Medical advances have also meant that people are living longer and consequently saving for your retirement is even more crucial. If you are several years away from retirement, now
would be the time to take advantage of the tax breaks available to you. It could make a big difference in the twilight years.
2. Give where its due
Despite the rate hike and the rising cost of living, the National Credit Regulator (NCR) encourages consumers, in particular the youth who have already signed credit agreements, to continuously pay their monthly accounts on time and in full in order to maintain a good credit bureau record
3. Taxing
For most of us the purchase of a house is likely to be our most expensive ever purchase. But the listed price you see on a sales brochure or website does not tell the full story of how much you will need to pay up when buying a house in South Africa. In addition to a deposit towards the purchase price, there are also
costs (and registration costs if the purchase is being funded by a bond). The costs consist of transfer fees (the legal fees paid to the conveyancing attorney handling the transfer from the seller) and – for properties valued at over R1m – a potentially hefty amount of called “transfer duty”.
Read esteemed wealth coach, Susan Mercer's, latest issue of her Financial Informer Money Talk newsletter for the first quarter of 2022.
