Making good choices when exiting a retirement fund
Despite all the warnings, early withdrawals remain one of the main reasons most South Africans are not able to maintain their standard of living in retirement. In fact, more than 60% of South Africans opt to take their retirement savings in cash when changing employers. When one considers that conventional wisdom suggests that a […]
Read more...The South African savings reality
Over the past twelve months, millions of South Africans have had to make emergency financial plans to survive the loss of income experienced as a result of national lockdown and pandemic-related restrictions. Now more than ever before, numerous individuals are struggling to make ends meet. When paying the bills and putting food on the […]
Read more...Historical returns: how to handle them without bias
Whenever the investment markets experience a major change, whether negative or positive, it is tempting to restructure your investment portfolio and strategy. However, a well-planned investment strategy should never be affected by volatility in the markets. Investing requires a rational, objective, long-term approach. Consider the example of a busy highway during rush hour. Often, […]
Read more...Economic Overview
Internationally, the first quarter of 2021 ended on a positive note; and locally, the FTSE/JSE All Share and local equities also performed well. As the one-year rolling returns no longer include the poor performance that was experienced March 2020, the recovery looks impressive: a massive increase of 53.98% for the All Share Index. Emerging […]
Read more...NMG SmartAssets – Top Performer 2020
As the world continues to process the social and economic impact of the COVID-19 pandemic, we have taken a look at how our portfolios performed over the 2020 calendar year. We are pleased with the results, of our SmartActive and SmartPassive portfolios, which have outperformed peers across the Low Equity, Low – Medium Equity and […]
Read more...Let’s talk tax savings!
You will have seen on your pay slip, the amount of tax you pay on your hard – earned income. Over and above this, our VAT rate of 15% is levied on the purchase of most goods and service. We have listed (4) four ways you can make use of the tax benefits available while […]
Read more...Hot off the Press
Several medical schemes have launched their benefit and contribution structures for 2021. We have undertaken a detailed, independent analysis of the changes and the resultant impact on members. Click on your medical scheme below to read more.
Read more...The world, the markets and your investments
Black Swan – that’s what hit the world in the first quarter of this year. 2020 was expected to be one of slow and steady economic growth, carrying the momentum from the end of 2019. However, COVID-19 and its impact was a black swan event that no one could have predicted. “A black swan is […]
Read more...Coronavirus | How is it funded by medical schemes?
The Council for Medical Schemes (CMS) recently released a CMScript detailing key information about the symptoms, spread, diagnosis and treatment of Coronavirus. The publication confirmed the following regarding medical scheme cover for Coronavirus. CMS Confirmation of treatment “Diagnosis and management of uncomplicated Coronavirus infection is not included in the Prescribed Minimum Benefits (PMBs). Coronavirus infection […]
Read more...What can you start doing now to help your future, retired Self
Your health care costs in retirement depend on a few factors. The good news is that you have some control over most of them. Here are some important factors that you can control now to help your future, retired self. FACTOR 1: Your health status The worse your health or your family’s medical history is […]
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