Personal Finance Newsletter - Volume 2006, Issue 311, 2006
Volume 2006, Issue 311, 2006
Source: Personal Finance Newsletter 2006, pp 1 –2 (2006)More Less
Extracted from text ... TAX INVESTMENT STRATEGY NEWSLETTER Policy Framework, which is more colloquially known as the "Mini- Budget". This interim Budget speech usually provides an indication of what is likely to come in the main Budget speech the following February. This year's Mini-Budget has been a tale of fiscal discipline, and (once again) improved tax collection. If current collections are anything to go by, an expected overrun of R29.6 billion is expected for the full year, which will result in the By STEVEN JONES "... a thin line between fiscal discipline and giving in to popular demands" Mini-budget - no fireworks Whilst ..
Author Hilton TarrantSource: Personal Finance Newsletter 2006, pp 2 –3 (2006)More Less
Extracted from text ... 2 November 2006 Moneyweb's PERSONAL FINANCE TECHNOLOGY Choosing the best broadband option Don't rush out and sign up for a service you don't need, and don't get stuck with a two-year contract. By HILTON TARRANT that would net them the most commission. There are a few key factors to consider when trying to decide what broadband service would best suit your needs, and after weighing up the various options, one would hope the choice will be obvious. Your options (as currently exist in the market) are Telkom ADSL (where you will need an internet service provider or ISP), Vodacom ..
Source: Personal Finance Newsletter 2006, pp 4 –5 (2006)More Less
Extracted from text ... 4 November 2006 Moneyweb's PERSONAL FINANCE PENSIONS Last chance for British pensioners Having been defeated in the House of Lords, the European Court for Human Rights is the last chance for British pensioners living in South Africa to receive annual pension increases. By STEVEN JONES tion in this matter is the European Court for Human Rights (ECHR) in Strasbourg The Alliance's predicament Bob Robertson, a committee member of the Alliance, is frantically trying to recruit members in preparation for the case to be brought before the ECHR. Decisions handed down by the ECHR are binding on member states of ..
Author Monique VanekSource: Personal Finance Newsletter 2006, pp 5 –7 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE November 2006 5 DO you continuously end up in debt or wonder where your money goes? Are you concerned by interest rates going up? If so, you need to take note of what Alvin Hall says. Hall is the author of Your Money or Your Life, and a presenter of BBC2's show by the same name. He was also a spendthrift who had 29 credit cards that had reached their maximum limit - but he managed to get out of debt. Here are Hall's suggestions for getting (and staying) out of debt: Step 1: Keep a ..
Author Geoff CandySource: Personal Finance Newsletter 2006, pp 7 –8 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE November 2006 7 PENSION funds can no longer prevent clients from transferring funds as this is anti-competitive and not in the interests of consumers. Vuyani Ngalwana, the Pension Funds'Adjudicator, made this finding after hearing the case of a complainant who asked for his contributions to the South African Retirement Annuity Fund (SARAF) to be transferred in 2005. The transfer was asked for because of the poor performance of the fund, and because of the charges levied against the complainant by Old Mutual for first lowering his level of contribution RETIREMENT ANNUITIES Locking in clients is anti-competitive ..
Source: Personal Finance Newsletter 2006, pp 8 –10 (2006)More Less
Extracted from text ... 8 November 2006 Moneyweb's PERSONAL FINANCE YOUR MONEY Pick a card ... any card Do credit cards represent shopping convenience, or a noose of debt? It depends on how they are used. By STEVEN JONES WHEN credit cards were first issued, you had to either be seriously wealthy or amongst the top tier of salary earners in order to qualify for one. That your credit record needed to be more sanitary than an operating table went without saying. Nowadays, these seemingly innocuous bits of plastic simply arrive in the post. And it is not only the banks who are ..
Author Julius CobbettSource: Personal Finance Newsletter 2006, pp 11 –13 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE November 2006 11 INVESTMENTS Preference shares offer good value Buy these instruments to beat the taxman and earn a better return than that of cash. By JULIUS COBBETT PREFERENCE share shares allow you to nimbly dodge the taxman as well as the Reserve Bank governor. They are popular among investors because of their tax advantages, as well as their link to the prime interest rate. The beauty of preference shares is that the returns received are taxfree. Income is paid in the form of dividends, which attract no tax in the hands of the recipient. By ..
Author Gaylyn Wingate-PearseSource: Personal Finance Newsletter 2006, pp 13 –15 (2006)More Less
Extracted from text ... November 2006 13 PROPERTY Value in repossesed property If you compare prices carefully, and don't mind a few repairs, buying a bank-repossessed property could provide great value. But there are pitfalls... By GAYLYN WINGATE-PEARSE MOST people look for bargains when buying property. One of the cheapest avenues is the repossessed market but be warned. Savings The biggest advantage is that you don't have to pay transfer duties since the bank, as the seller, has to pay VAT on the sale of the property. By not paying transfer duties, you can save thousands of rands - but you still have ..
Source: Personal Finance Newsletter 2006, pp 15 –16 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE November 2006 15 MONEY SAVING TIPS By STEVEN JONES Low-hanging fruit In the wild, it is the fruit that hangs low on the tree that is most easily accessed, and therefore provides instant nourishment. Here are some tips to provide "instant nourishment" to your finances ?? Are frequent flyer programmes actually worth it? They generally work by awarding "points" based on the amount that you spend, typically on your credit card. However, they are becoming expensive in that when first launched, you received one point for every R5 that you spent. This has since been increased ..