Welcome to the month of love, the months are flying by and life is in full swing again. February is unfortunately the month where most people stop pursuing their goals and by end of February nearly 90% of goals have been abandoned, but remember, there is no reason not to take up a new goal or restart one.
Tax Season is coming to an end
February is your last chance to take full advantage of your tax rebates and to lower your annual tax.
Some of the best ways to ensure you save on tax:
- Maximising your retirement annuity contributions or even your pension fund contributions.
- Contribute to your tax-free savings account and maximise the R36 000 annual limit.
- Donate money to a registered charity (make sure they are registered so you can get your full tax deduction). Also, make sure they send you an 18A certificate.
Trump and World Markets
Trump’s first few weeks as president have been marked by a massive list of executive orders and threats to other countries, ranging from tariffs to ending funding. South Africa has also been threatened, and funding has been halted for various reasons.
So, what does this mean for markets? We might see high volatility in the short term as people start to get used to the threats and rhetoric, but the best strategy is not to overreact every time he makes a statement.
Child Education
What should come first: your pension and savings, or investing and saving towards your child’s education?
This is a very popular question and one that a lot of parents struggle with daily. That is why I did an episode where I discuss this question in detail, which you can find in the link below:
