With it being National Savings Months, this article takes a closer look at seven vehicles which can be used to house your savings, how to use them most appropriately and effectively, and the tax implications of doing so. Access bonds If you have an access bond, this facility is an excellent place to house any additional savings. An access bond allows you to make additional payments towards your home loan and then to draw from these funds as and when needed...

Most of us start our careers in our early twenties and plan to earn an income for about four decades before reaching retirement age. Along the way we will encounter a range of life-changing experiences, which may include births and deaths, marriages and divorces, unexpected windfalls, and costly emergencies. Drawing from his own experiences as a young professional, Phiko Peter discusses the importance of laying...

Everything is okay until it isn't. When we're in good health with a stable income and a fulfilling professional career, it's tempting to think that nothing could possibly go wrong. But if Covid-19 has taught us anything, it's that a lot can go wrong quickly. We simply can't predict when a life-changing event like cancer, disability, let alone a disease we haven't seen yet like Covid-19, will affect our ability to earn an income...

The life insurance industry is inundated with technical jargon and product design complexities which are very often difficult for a layperson to understand. In addition, policy documents are generally lengthy reams of paper and many people avoid reading altogether. When taking life cover, pay attention to the...

Failing to deal adequately with the impact of the accrual system where the marriage is dissolved by death can lead to serious financial complications. Estate planning is an important exercise for couples married with the accrual system to undertake as failing to deal adequately with the impact of the accrual system where the marriage is dissolved by death can lead to serious financial complications and heartache...