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Happy November (Movember)! We started the month with voting in South Africa and America. This has sparked optimism locally and abroad, and we are eager to see how things play out. Hopefully, we can enjoy a peaceful and prosperous 2027.
Before the holiday mode kicks in, here are three simple things that can make a big difference to your finances, now and in the new year. | |
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Got a bonus? Give every rand a job
If a bonus or 13th cheque is coming your way, decide what to do with it before it lands. A simple plan works well: put some towards debt, some towards savings, and enjoy the rest guilt-free.
Remember that December pay often comes early, which makes January feel very long. School fees, back-to-school shopping and holiday credit card bills all arrive at once. Setting a little aside now means a much calmer start to the year.
Thinking of dipping into your two-pot savings pot for the holidays? It's worth a second thought. Withdrawals are taxed and reduce what you'll have at retirement, so chat to us first. |
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Beat the tax-year rush
The tax year ends at the end of February, and January always flies by. Sorting a few things out before you go on leave can save you money:
Tax-free savings account: Have you used this year's allowance? Whatever you don't use, you lose.
Retirement annuity: Topping up before February could lower your tax bill while growing your retirement savings. |
| Not sure where you stand? Send us a message, and we'll check for you |
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A quick money check-up over the holidays
Grab a coffee and spend 30 minutes on this list during the break: |
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Check who your beneficiaries are on your policies and retirement funds |
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Make sure your will is up to date, especially if you married, divorced or had a baby this year |
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Review your insurance cover so it still fits your life |
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Plan for January increases, like medical aid premiums |
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If you are unsure where to start or how to implement any of the ideas mentioned above, please reach out to schedule a meeting. |
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Contact:
Mauritz Oberholzer A Financial Advisor employed by Stonehouse Capital (Pty) Ltd, an authorised Financial Services Provider (FSP 50464) Mobile: +27 82 774 1996
E-mail: mauritz.oberholzer@stonehousecapital.co.za
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