Guest post by - OneSpark
Are you looking to protect your family and take out life insurance, but asking yourself, "Is my life insurance claim going to be taxed? If I take out R1 Million cover, will it get reduced by tax before my family is paid?" Well, the short answer is ‘No”, but it’s a vital question to consider, especially when considering future financial planning.
As of this article’s last update in 2023, life insurance claim pay...
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Guest post by - OneSpark
Life insurance: it sounds about as exciting as watching paint dry, right? However, just like that fresh coat of paint protects your walls from wear and tear, life insurance is all about protecting your loved ones from the financial burdens that could pop up in your absence.
Now, the one thing that may be sucking that excitement out of life insurance is the perception of it being overwhelmingly complex and unjustifiably expensive. But ...
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Guest post by - OneSpark
Navigating tax laws, especially in relation to life insurance, can be complex. But don’t worry, we’re here to help, and we’re going to use some real-life examples to make it even simpler.
In the current landscape of 2023, life insurance premiums in South Africa are not eligible for tax deductions. While tax laws are in constant flux, the present situation translates to the following:
Example 1: The De...
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By Debtline
Managing debt can be daunting, but it doesn't have to define or control your life. In South Africa, many individuals face the complex task of effectively handling their finances and debts.
Keep reading, and we’ll equip you with practical strategies and valuable insights to take control of your debt and financial future.
Let's delve into how you can regain control of your debt and finances and pave the way for a brighter future.
<...By Josh Kaplan - OneSpark
Life insurance: it sounds about as exciting as watching paint dry, right? However, just like that fresh coat of paint protects your walls from wear and tear, life insurance is all about protecting your loved ones from the financial burdens that could pop up in your absence.
If you've ever been out to dinner with friends and spent more time figuring out how to split the bill than actually enjoying your meal, then you'll understand why ...
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By Stella Pickard - Quickwill
“A society grows great when old men plant trees whose shade they know they shall never sit in.” - ANON
More than 70% of South Africans don’t have a valid will. The reason for this, we believe, is because people are not educated on why wills are so important and how you can use them to protect your family and save tax.
By drafting a will, you are planting a tree in which shade your f...
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By Rowan Burger from Momentum Investments
The benefits of saving your money are well known and encouraged by many financial institutions
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On 20 June 2019, President Cyril Ramaphosa delivered his first State of the Nation Address (SONA) of the sixth parliament, and for the first time in years, we witnessed an uninterrupted SONA. And that is not the only first. For the first time, the SONA cost almost R2m, a staggering 47% lower than the cost of SONA 2018 and the lowest in five years.
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