Life File
Some topics are not easy to talk about. Finances, a serious illness and death are amongst them and when you talk about an illness or death, you are often forced to talk about your finances too which could be daunting and most likely the reason why most people don't talk about it at all.
A goal without a plan is just a wish.
A structured wealth plan that caters for your specific needs will guide you to make the right financial decisions to benefit you and your family in the long run. It should not only deal with financial considerations, but also take into account legal principles and tax consequences.
Aim
The retirement tax reform seeks to encourage members of retirement funds to save and provide adequately for retirement. It also encourages employers to provide retirement plans as part of their employment agreements to help employees save for retirement.
The fact that more than 75% of South Africans die without a will every year and that many individuals do not know what the impact will be if a partner or spouse dies without leaving a will that provides for them, is evidence that people do not take charge of their personal financial well-being.
