Real people, real questions
"I’m a contract worker earning basic plus commission, which fluctuates from month to month. I haven’t started saving for retirement yet because of this, but feel I need to at least make a start. How do I begin, considering I can’t commit to putting a fixed amount away each month?"
"Can I open a tax-free savings account for my child or another family member?"
"I have the option to contribute to a retirement fund through my work, but I don’t have to. Should I?"
"I’m 32 and haven’t yet started saving for retirement. How much of my salary would I need to save monthly if I started now?"
"What are the tax benefits of a Retirement Annuity? Can I invest in more than one?"
"How does inheritance get taxed? And what would be the best way to keep it or save it tax free?"
"I have custody of my two younger siblings and get a child support grant for them. I work and can sometimes save a little each month. How can I use this money to make our future better?"
"Can my fiancée and I open a joint tax-free savings account?"
"I’ve just returned from 10 years in the States, so I’m pretty out of touch with the SA financial system. In the US, there were several savings options where you pay no tax, or only pay a small bit of tax when you withdraw. Does SA have anything similar?"
If you can’t find what you’re looking for here, please contact the Sygnia Client Service Centre on 0860 794 642 (0860 SYGNIA) or email admin@sfs.sygnia.co.za.