Multi-manager investing is designed to provide a simple means of achieving asset manager/fund diversification across a range of asset classes and solutions. But as a financial adviser WHY would you want to partner with a multi-manager when investing money for your clients?
The Financial Services Conduct Authority (FSCA) recognises the importance of risk profiling and as such, it is included in their regulation dealing with the suitability of financial advice.
Capital Gains Tax was introduced to the South African Income Tax Act, 1962 (‘the Act’) from 1 October 2001 and is applicable to capital gains made after that date. The Act sets out the basis for taxing the capital gains arising from the disposal of an asset.
South Africa is a small economy when seen in a global context, with only 0.5% of world GDP according to a Goldman Sachs report. It should therefore not come as a surprise that increasingly, more South Africans have decided to further diversify their investments by investing in global markets.
South African residents are subject to tax on their worldwide income. There is a difference in the way South African residents are taxed when investing locally or when investing abroad
The local Collective Investment Schemes (CIS) industry attracted net annual inflows of R213 billion in 2020 – the highest ever in the 55-year history of the industry. The majority of the flows (86%) went into interest bearing portfolios i.e. money market and income portfolios. This should not come as a surprise as these portfolios have been the best performing ‘asset class’ in the local market over the past three to five years.
In the final part of a three-part series we briefly discuss a number of factors to consider when retirement contributions are more than the amount allowed under Section 11F of the Income Tax Act. This series of articles focuses on Section 11F of the Income Tax Act – deduction of contributions to retirement funds.
Part 2: Contributing towards your retirement fund(s) – the impact of CGT on your retirement savings deduction
In part two of a three-part series we discuss the impact of Capital
Gains Tax (CGT) when calculating the amount you can deduct for
tax purposes. The series of articles focuses on section 11F of the
Income Tax Act, which relates to the deduction of contributions
to retirement funds.
In the first of a three-part series, we discuss how you can save
on tax by starting to contribute or contributing more to your
current retirement fund(s). The series focuses on section 11F
of the Income Tax Act – the deduction of contributions to
“A regular company makes profit and pays taxes on its entire profit. There-after, the decision is made as to how to
allocate after-tax profits between dividends and reinvestment. A REIT simply distributes all of its profits and gets to skip
Investing offshore – be aware of the impact of Capital Gains Tax (CGT) when selecting a rand or a foreign-denominated portfolio
When contemplating an investment offshore, before deciding on the type of portfolio and/or platform that will meet your requirements, you need to decide whether you want to invest in a rand-denominated fund or use your foreign allowance.
In 2015 National Treasury decided to incentivise South Africans to save more to address the underlying socio-economic
problems that arise from our 1
poor savings culture. It introduced tax-free savings and investment vehicles.