Keep your will up to date

Your benefit from the retirement fund does not fall into your estate when you die. All your assets apart from your retirement fund money will need to be dealt with in terms of your will. A will ensures that your family’s needs are met according to your wishes if you die.

If you don’t have a valid will, your assets could be divided in a way that is different from what you would have chosen. Your relatives will inherit from you in a strict, predetermined order and proportions without any regard to your wishes or your family’s needs.

If you have minor children, you should nominate a person who has the best interests of your children at heart to be their guardian in your will.

It’s usually not advisable to draw up your own will. Most banks, financial services companies, financial planners, and legal professionals can help you with drafting a will.  You should also get reputable financial advice on the most efficient and tax effective estate planning that suits your circumstances when planning your will.

YOUR INVESTMENTS IN Q1 OF 2021

Investment growth in world markets and the JSE was strong in the first quarter of 2021.

The information in this communication is for information purposes and is not intended to be detailed advice described in the Financial Advisory and Intermediary Services Act. The fund, administrator and trustees cannot be held liable for damage or loss suffered as a result of any action that you take based on the contents of this communication.