Home

Flight Bookings

Check our flight bookings prices. Flight Bookings

Daily NEWS

Th most recent news flashes which matters most. My NEWS

Affordable Lifestyle

Sharing ways for your affordable lifestyle. My Lifestyle

Risk management

Reducing your risk of income loss and more. Risk Management

Property Mania

Family home or investments.      My Property

 

 

RETIREMENT UPDATE

Question:

Hi There I have been working for the government for 10 years and I would like to resign ( GEPF) . Is there a way to use some Of my pension and put the rest into a Preservation fund. What % is taxed?

Reply:

Per their rules, you cannot take a portion as cash and preserve the rest. What you can do is transfer the whole amount into a preservation fund. You can then withdraw up to one-third as cash but you must then use the remainder to buy an annuity at retirement. The cash you draw will be taxed as follows: your benefit relating to pre 1 March 1998 is not taxed, the benefit relating to post 31 March 1998 service is taxed per the withdrawal lump sum tax table. The benefit is split on a straight-line basis (pre and post 1 March 1998 service, based on the number of completed years’ service). The withdrawal lump sum tax table is as follows: the first R25,000 is not taxed, the balance to R660,000 is taxed at 18%, the balance to R990,000 at 27% and the remainder at 36%. This will happen in any case at retirement.

Getting more.. By making the correct preservation and investment decision you can get up to 15% more for a limited time only.

Get in contact and let’s assist you today!

FREE HOLIDAY

  Free holiday

   Get a free holiday on us :)

 With all our exciting services at hand it is undertandable you want to tell the world. Not a problem and we will through in a holiday for you and a voucher for your friends.
   Read More About This ...

MODERN INVESTMENTS

 

 New look at investments

   The investment arena has one constant, change! Lets take a look at opportunities in todays investment arena.
Read More About This ...

INNOVATIVE INSURANCE

 

The good and the bad

We take a look at the origin of insurance and how it evolved to where it is in our modern era. What has gone wrong and how you should vote with your wallet.
Read More About This ...

Estate Planning

Will Estate Taxes force the sale of my business? What are my duties as executor and trustee? Does my spouse know where I've been storing our records? How can I turn my success into a lasting legacy What will happen to my children when they get access to their trusts. Find Out more

Best small and medium business practices

Learn Pro's Best Secrets Over the past decade we researched the best business practices and now share with you the findings. We realise the economical value of small and medium businesses have on our communities and would like to contribute.

There are many books and stories of all the great successfull entrepreneurs, but we look at the business on a daily basis.

It is important to choose the correct structures and set up the best modules for success and lower the risk we may or may not be aware of.

Read More About This ...

Registerred Financial Service Provider:Netco Risk Management FSP 40265

  Address:Platinum Junction Park
Milnerton, 7441

 
Hours of Operation:Mon. to Fri. 9am to 4pm
      

Get to know us

All content on this site has been sourced specificly to communicate to you with knowledge and share connections that might help you with important factors of life. Please feel free to communicate with us in a friendly manner if our team do or do not meet your expectations from a financial advisory service.

 

Our services

Do you need a financial advisor who communicate to your needs and delivers a unique service worth the investment? We trust you will find our service a delightful investment which keeps you up to date and have a positive influence in your life. Your household char delivers a service that keeps your home clean; we aim to deliver much more. Learn More...