Smart About Money is 3 years old! #smartaboutmoney #financialeducation
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SmartAboutMoney.co.za is a consumer financial education website that aims to empower all South Africans to make good money decisions. An initiative of the Association for Savings and Investment South Africa (ASISA), the website provides consumers with accurate, unbiased, plain-language information about regulated financial products and services. Users can also use the site’s calculators to test financial decisions about paying off debt, saving or drawing an income in retirement, without signing up for someone to contact you or being enticed to buy financial products. SmartAboutMoney explains the products and services in the savings and investment, life assurance industries and financial planning industries, but plans in time to expand into all areas that affect consumers’ personal finances. While the site aims to empower consumers to take charge of their financial situations it also actively encourages users to use their newly gained knowledge to have a meaningful discussion with their financial advisers. The comprehensive educational material has been developed by Laura du Preez, one of South Africa’s most experienced personal finance journalists. The content has been checked for accuracy by ASISA’s senior policy advisers (subject matter experts in their own right), ASISA member representatives and many other experts where relevant. In addition, all educational content also carries the approval of the ASISA editorial committee.
External link for Smart About Money
Cape Town, Western Cape, ZA
Smart About Money is 3 years old! #smartaboutmoney #financialeducation
Gold bars or coins have to be stored somewhere safe which can take away the pleasure of investing in gold. A cheaper, easier option is to buy an exchange traded product that tracks the gold price or get exposure to gold mining companies through a unit trust fund. Even Krugerrands can be held more conveniently through a custodial certificate. The more risk-averse investor can try gold-backed cryptocurrencies or derivatives. Learn more about the ways to hold gold in the next part of our explainers on investing in gold. #smartaboutmoney #financialeducation #investingingold #investing
Accelerate your travel and personal goals with our Savings Goal Calculator. Whether you're planning a well-earned vacation, a sabbatical, or an international endeavor, strategic savings will help you achieve your goals with greater efficiency. Set clear financial targets, track your progress, and turn your ambitions into achievements. https://lnkd.in/ddXvrEfk #smartaboutmoney #financialeducation #FinancialPlanning #BusinessGoals #SmartSaving #NextAdventure
If a creditor plans to get a judgment against a defaulting debtor, it is no time to be complacent. A judgment can enable the creditor to attach property or the salary being paid to the debtor. Salary deductions are used to repay the debt with an emoluments attachment order. If one is granted against you or someone you know, be sure you or they know what is and isn’t allowed when it comes to deductions and disputes. #smartaboutmoney #financialeducation #debtcollection #debt #debtmanagment
Your retirement savings are intended for your retirement and anything you withdraw means less to live on in retirement. So, while it is up to you what you withdraw the money for, you should only consider withdrawing when there is no other option, or it makes sense financially and you can replace what you withdrew. #SmartAboutMoney #twopot #twopotsystem #retirementplanning #financialedcation
Gold may be a precious metal that holds its value reasonably well, but you can’t just buy it from anyone or stash it under your bed. You can invest in physical gold as an investor, but you have to buy wrought or crafted gold as a bar or coin from an approved dealer, and your ownership of it is reported. #smartaboutmoney #financialeducation #investingingold #investing
One of the kindest things parents can do for their children is to ensure they are cared for if you don’t see them to independence. This means considering who to name as their guardian and who will manage the money you leave to them or if it needs to be put it in a trust. You also need to check whether you need life cover to ensure they have enough for their care and money that can be accessed quickly for their immediate needs. Wills week offers an opportunity to get a will for free, but parents need to be sure they get the right advice to address all these issues. Lana Visser-Galant CFP® #smartaboutmoney #financialedcation #wills #estateplanning #willsandtrusts
The tax you will pay on any withdrawal from your savings pot under the two-pot retirement system is NOT an additional tax. Your contributions to your pension, provident or retirement annuity fund are not taxed and can grow tax free. But if you now choose to spend the money rather than save it, you must pay tax as you would pay tax on your salary or any other earnings. Read more in Smart About Money’s two-pot FAQs (https://lnkd.in/dSkfUT3M) or read How much tax will I pay on withdrawals from my savings pot before retirement? (https://lnkd.in/dM8hw5w8) #smartaboutmoney #financialeducation #twopot #twopotsystem #retirementplanning #tax
Members don’t know their medical scheme benefits and scheme’s call centres and communications don’t always enlighten them. This can result in a member’s claims for a hospital admission, expensive procedure or treatment being short-paid even after they got pre-authorisation. Problems with the pre-authorisation process highlight where members need to be sure they understand what is and isn’t covered before having a procedure or treatment. #smartaboutmoney #financialeducation #medicalscheme #healthcare #healthcareinsurance