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Does A Lump Sum At Retirement Age Make Sense

The thought of receiving a large lump sum at retirement is appealing to many people, and dreaming of spending it can make all the hard work over a lifetime seem worthwhile. Provident fund members, unlike pension fund members, are not compelled to convert the lump sum...

Slow But Sure Way To Get Yourself Out Of Debt

Debt is like deceit: a relatively minor transgression can trigger a series of increasingly serious transgressions, each to cover up the previous one, until the situation is worse than anything you could have imagined. Just ask Markus Jooste. Or take the following...

Teaching Money To Your Teen

Today we are celebrating the most important people in our lives - our mothers. One of the qualities mothers should possess is compassion, a characteristic that enables them to always lend a helping hand to their children. And what better people to teach teenagers...

Planning: The Secret To Living Your Best Life After Retirement

Whether you’re in the early stages of thinking of your retirement or are ready to retire, it requires careful planning for you to ensure you have enough money to cater for your new chapter – one where you are effectively paying yourself a salary to last you the rest...

Don’t Let Financial Stress Override A Happy Pregnancy

How to prepare financially for motherhood Entering the world of motherhood is a time of great joy and excitement but it can also be a time of stress and uncertainty. John Manyike, Head of Financial Education at Old Mutual, says, “During pregnancy, expectant parents do...

How To Invest Offshore, An Easy Guide

You can invest indirectly or directly – both have various options. Why invest offshore (outside South Africa)? South Africa represents less than one percent of the world economy and restricting yourself to local investments means you will lose the opportunity...

7 Tips To Beat The Petrol Blues

Want to beat last Wednesday's petrol price hike? Fill up now‚ carpool to work or walk more. These are some of the tips from Sanlam Personal Finance solutions manager André Wentzel ahead of the record high fuel price increase. Wentzel said on Tuesday there were...

9 Investment Mistakes That Affect Retirement

The majority of South Africans will not have enough money to sustain their current standard of living when they retire, research has shown. Recent increases to VAT and the fuel levy, among other things, have worsened the outlook for some; yet compromising on your...

Why Insurance Is A Necessity And Not A Grudge Purchase

Most of us think about insurance as a grudge purchase. We have debts to pay and a lifestyle to support. We don't like paying monthly premiums because we could use that money to further enhance our lifestyles. However, according to FNB Head of Consumer Education...

What Is Responsible Investment?

There is a growing awareness of a need for responsible investing by individual and institutional investors, according to Jana van Rooijen, a responsible investment specialist who looks after the Responsible Investment Initiative of Momentum Investments. She says the...

3 Of The Biggest Mistakes South Africans Are Making With Their Money

It’s time to start managing your money like a grown-up. That’s the harsh truth South African author Sam Beckbessinger dishes out in her new book of a very similar name. Refreshingly, Beckbessinger comes from a uniquely South African point of view, and is able to tell...

Dividends vs Interest: Balancing Your Tax Burden

Not all sources of income are taxed in the same way. The interest income that you earn in a savings account, for example, is taxed differently to dividend income you earn as a shareholder in a company. As an investor and taxpayer, you should manage your investments...

5 Tips To Finance A Start-Up Without Getting Into Debt

There is a rising appetite among South Africans, particularly younger generations, for running a business and becoming their own boss. This is according to the 2017 Old Mutual Savings and Investment Monitor (OMSIM) which found that over a third (34%) of Generation Z...

Cash As A Wedding Gift – Why It’s A Brilliant Idea

Saving towards a deposit on your first home or the birth of a baby is so much more rewarding than receiving a second dinner service set. It's no longer uncommon for newlyweds to opt for cash instead of traditional wedding gifts, as cash comes with possibilities that...

5 Ways To Improve Your Credit Score

Thanks to the National Credit Act, you’re entitled to a free up-to-date credit report every year. “Taking advantage of this free online service via a registered credit bureau is definitely a good idea,” says Soré Cloete, the senior legal manager at Old Mutual Personal...

4 Simple Ways To Manage Risk

Facebook founder, Mark Zuckerberg once said, “The biggest risk is not taking any risk. In a world that’s constantly changing, the only strategy that’s guaranteed to fail is not taking risks.” The truth is, risk is inevitable, and you can’t escape it. So the only...

Saving: A Late Start In The Race

You are in your late 30’s and have suddenly realized that financially you aren’t ready for your children’s education or marriage. Worse still, you haven’t even secured a house. Don’t despair, for you are not alone. Many of us start chasing our goals quite late in...

Don’t Let Money Get In The Way Of A Good Relationship

With the recent royal wedding all eyes were on Prince Harry and Meghan Markle as the world awaited the next step in their regal romance. Media reports have announced that this power couple have opted to forego signing a prenup, and will instead live out their...

10 Things To Know About Asset Management

1. Licensing of asset managers South African asset managers must register as Financial Service Providers (FSPs) with the Financial Services Board (FSB) – now the Financial Sector Conduct Authority (FSCA) – under the Financial Advisory and Intermediary Services (FAIS)...

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The information contained in this document does not constitute advice by North West Franchise. Any legal, technical or product information contained in this document is subject to change from time to time. If there are any discrepancies between this document and the contractual terms or, where applicable, any fund rules, the latter will prevail. Past performance cannot be relied on as an indication of future performance. Investment performance will depend on the growth in the underlying assets, which will be influenced by inflation levels in the economy and prevailing market conditions. Any recommendations made must take into consideration your client’s specific needs and unique circumstances.

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