Elnie Laker CFP, Wealth Planner

Elnie Laker CFP, Wealth Planner Comprehensive advice, including the professional drafting of your will, estate planning, retirement planning and Investment planning

A tax-free savings account can be a money market or fixed-term bank account, a unit trust investment, a JSE-listed excha...
31/01/2023

A tax-free savings account can be a money market or fixed-term bank account, a unit trust investment, a JSE-listed exchange-traded fund, and more.
Know that it guarantees capital investments and is an effective way to save for future goals because any interest, dividends, or capital gains will be free of tax.
Remnant believes that a financial plan acts as a guide as you go through life’s journey. Contact Remnant to gain control of the future!

The best way to prepare finances for the new year is to start budgeting. It may seem like a daunting prospect, but it tr...
26/01/2023

The best way to prepare finances for the new year is to start budgeting. It may seem like a daunting prospect, but it truly isn’t a complex undertaking. A budget is simply 2 lists, expenses and income. This is how to create a simple budget:

- Write down fixed expenses. Rent, utilities, insurance etc.
- Write down variable expenses. Transport, food, entertainment etc. (This is likely where spending could be cut back)
- Determine income

Now it's just a matter of finding areas where less money could be spent and if income is sufficient. Don’t forget to set something aside for savings.

A budget is a great way to reach financial goals. Take finances seriously in 2023. Contact Remnant for financial advice.

Have a good break and we will see you in 2023!
25/12/2022

Have a good break and we will see you in 2023!

s it time to update or even draft a will? Research shows that 70% of South Africans die without leaving behind a will. A...
22/12/2022

s it time to update or even draft a will? Research shows that 70% of South Africans die without leaving behind a will.

A valid will is an important step in estate planning and not having one drafted leaves one's estate and loved ones in a difficult position. A lack of a will can be especially problematic when there are children involved.

Contact Remnant to get all documents in order, ensuring peace of mind.

While few things in life are uncertain, death is not one of them, especially during these uncertain times. Not many indi...
20/12/2022

While few things in life are uncertain, death is not one of them, especially during these uncertain times. Not many individuals have a sufficient understanding of the costs associated with winding up an estate, which makes having an updated will all the more important.

Some costs involved include:

- Administration charges which is the executor’s remuneration: 4.025% of estate value.
- Estate duty: Tax paid on the dutiable estate of the deceased person and is charged at a rate of 20% on the first R30 million, and at 25% on anything over R30 million.
- Master’s fees payable to the Master of the High Court: For estates valued between R250 000 and R400 000 a cost of R600 with fees escalating as the value of the estate increases, to a maximum of R7 000.
- Valuation costs of assets which are valued for estate purposes. This ranges from R2000 - R5000.
- Advertising costs: calling on creditors and giving notice that the liquidation and distribution account is open for inspection. Approximately R850.
- Costs for provision of security to the Master: 0.05% plus VAT of the asset value.
- Rates and taxes payable to the city council with transfer of fixed property – five months in advance.

This is not to mention the hefty cost of the funeral and burial and smaller fees such as postage, petties, and estate bank account charges. It's important to know of, and understand estate costs to avoid shortfalls or unforeseen complications. Contact Remnant for help with estate planning.

Here are some tips to help plan a budget-friendly holiday:- Draw up a holiday budget. Using a planner, work out how much...
20/12/2022

Here are some tips to help plan a budget-friendly holiday:
- Draw up a holiday budget. Using a planner, work out how much money is available to spend on a holiday overall.
- Download travel apps. They provide flight comparisons that will send you notifications when the costs of flights drop.
- Self-cater. Instead of opting for a luxury hotel that provides meals.
- Do the research. An all-inclusive package is nice, but it's smarter to plan an itinerary by researching a destination in advance.

For financial advice on how to budget for the holiday season, contact Remnant.

Are all your documents and policies in order? It is important to have your estate planning and the necessary legal docum...
20/12/2022

Are all your documents and policies in order? It is important to have your estate planning and the necessary legal documents up-to-date to enforce your will when you are no longer able to. The holiday season is here, so people aren't thinking about what needs to be done in preparation for the new year.

With Remnants estate planning checklist it can be done promptly. Contact Remnant to get things in order before the holiday season takes off!

The holidays are a perfect time to sit back and enjoy a good book. Why not sharpen up on financial knowledge at the same...
20/12/2022

The holidays are a perfect time to sit back and enjoy a good book. Why not sharpen up on financial knowledge at the same time. Here are some picks from Remnant for some great financial reading:

- You’re Not Broke, You’re Pre-Rich by Mapalo Makhu - Simple, relatable and sometimes amusing stories, aimed at the millennial who is trying to figure out how money works.

- Koos Bekker’s Billions by TJ Strydom - Find out how one of South Africa’s richest men found financial success.

- How To Make Your First Million by Warren Ingram - Practical financial advice for all people from award-winning financial planner, Warren Ingram.

- 90 Rules for Entrepreneurs by Marnus Broodryk - Learn what it takes to be a successful entrepreneur and, of course, happy!

Step into the new year with confidence and financial know-how. Visit Remnant’s website and find further advice to boost financial success.

Financial struggles are common. Men often shoulder this burden and take it upon themselves to provide due to traditional...
29/11/2022

Financial struggles are common. Men often shoulder this burden and take it upon themselves to provide due to traditional masculinity standards. The pressures of society on men are filled with expectations and demands that can be quite challenging and stressful. This stems from the constant need to prove their masculinity due to strict views while growing up.

These pressures often lead to anxiety and depression, which often goes undiagnosed in men. This has effects on all aspects of life and can worsen with financial matters. Let's avoid the stigmas and show support for men battling mental health issues. Contact Remnant for financial advice.

When experiencing financial troubles, living paycheck-to-paycheck or having unforeseen expenses to cover, one's health m...
28/11/2022

When experiencing financial troubles, living paycheck-to-paycheck or having unforeseen expenses to cover, one's health may be impacted. And adopting a healthy lifestyle can be costly. Consider adopting these healthy habits to boost health and improve finances in the process.

Pack lunch. This may seem simple, but buying lunch daily can add up each month, and it's a better way of controlling the sugar, fat and sodium content of each meal. Most banks and health plans come with perks. Take advantage of them, to help save on costs that usually need to be paid out-of-pocket. Find time to stand up during office hours. Constant sitting increases the risk of heart disease and diabetes.

Make some small changes today to live better, feel better, and improve finances along the way. Contact Remnant for financial management advice.

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Pretoria

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