GAP MAYNARD FINANCIAL ADVICE, LOCAL AND OFFSHORE INVESTING RESOURCES
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TOPIC: Understanding Financial Risk
Every person and business faces the risk of unexpected, harmful events that can cost them money or cause the business to permanently close. Risk management allows people and organisations to attempt to prepare for the unexpected by minimizing risks and extra costs before they happen. By implementing a risk management plan and considering the various potential risks or events before they occur, you can save money and protect your future.
TOPIC: South African – Living & Life Annuities
A Living or Life Annuity is a financial product that pays the owner a regular (annuity) income in retirement. Living and Life annuities are usually utilized when people retire and no longer have a formal income in the form of a salary. The annuity essentially pays them a monthly income. Living and Life Annuities are applicable for individual’s who have reached retirement age or older
TOPIC: Basic Info – How to Invest Offshore?
Offshore investing refers to a wide range of investment strategies that capitalize on advantages offered outside of an investor’s home country. Depending on your situation, offshore investing may offer you many advantages including tax benefits, asset protection, and privacy. Including offshore strategies in your savings and investment plan is key to building a balanced, diversified portfolio.
TOPIC: Asset Classes
An asset class is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. These are made up of instruments which often behave in the same manner in the marketplace. Depending on who you speak to there are various opinions as to what constitute different asset classes.
TOPIC: South African – Retirement Annuities
A Retirement Annuity (RA) is a retirement fund established in terms of the pension fund act. It is an investment platform, with some tax benefits, that allows individuals to save for their retirement. It is different from a company pension or provident fund due to the fact that RA’s are usually setup by individuals, not companies. It is suitable for individuals who are pre-retirement age.
TOPIC: Understanding Life and Living Annuities
A Life or Living annuity is a well-recognised pension structure, whereby an individual has come to an age whereby they wish to retire. Typically, lump-sum investments like cash, unit trusts, retirement annuities, and preservations plans are used to purchase a Life or Living Annuity plan from a reputable provider.
TOPIC: Understanding Probate
A probate is a legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will.
TOPIC: Basic Info – When to Invest Offshore?
Deciding when to invest offshore can be very difficult. Ideally what you want is for your local currency to be as strong as possible against the currency you wish to invest in and for the value of markets to be low.
TOPIC: South Africa – Tax Basics for Individuals
South Africa uses a residence-based taxation system whereby residents are taxed on worldwide income and non-residents are taxed on South African-sourced income.
eBook – Offshore Investing Explained
One of the main reasons people invest offshore is that it means you invest in a different currency. The most popular investment currencies are GBP, USD, or EUR. When you invest in currencies like these, you effectively remove the Rand (ZAR).
TOPIC: Basic Information – Why Invest Offshore?
One of the main reasons people invest offshore is that it means you invest in a different currency. The most popular investment currencies are GBP, USD, or EUR. When you invest in currencies like these, you effectively remove the Rand (ZAR).
TOPIC: Financial fees – Basic info
Fees can be complicated however this is a simple guide to getting the basics and ensuring you ask the right questions. Let’s look at the different types of fees that may be charged. Having a better understanding of how these fees work, allows the client to make better-informed decisions.
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