If you have an investment policy or product, the adviser who sold you that product is most likely receiving ongoing advice fees or commission. These fees are deducted from your investment returns, and you should be receiving ongoing service from that adviser. Yet many clients are unaware that they even have a financial adviser, let […] The post Are you paying advice fees but not getting ongoing financial advice? appeared first on Maya on Money ..read more

While most of us are aware of the importance of diversifying our investments globally, we don’t often think about diversifying our risk cover. Taking out life cover in US dollars is one way to leave a legacy in a hard currency that should maintain its value. In the latest episode of “Life Behind the Numbers,” […] The post Listen: The Dollar Life Plan: Diversifying with dollar-based life cover appeared first on Maya on Money ..read more

With less than two months to go before the new two-pot retirement system is implemented, you may be disappointed to realise you are unable to immediately withdraw money from your savings pot. Many employees are banking on being able to withdraw some money from their retirement fund with the implementation on 1 September 2024 of […] The post Savings pot withdrawal minimum may disappoint many appeared first on Maya on Money ..read more

There is a great deal of confusion over how the interest-free period works on your credit card. The post How does the interest-free period on your credit card work? appeared first on Maya on Money ..read more

Buying a home or a car is one of the most significant financial decisions you’ll ever make. It can be an exciting journey, filled with dreams of new beginnings and the thrill of ownership. But, as our latest podcast episode reveals, it’s also fraught with hidden costs and potential financial pitfalls that can turn that […] The post Listen: Navigating the financial maze of buying a home or car appeared first on Maya on Money ..read more

Reputable and regulated financial services providers will never sell investments via a WhatsApp group, Telegram, a social media platform, email, or an unsolicited random phone call, so you can be sure that investment opportunities punted via social media are scams. As someone with a strong media and social media presence, I often find that fraudsters […] The post Investment opportunities punted via social media are scams appeared first on Maya on Money ..read more

SARS has announced that tax season 2024 will open on 15 July. In order to ensure a smooth (and possibly rewarding) tax-filing process, it’s crucial to understand the complexities of your tax return and how to maximise any tax breaks that you may qualify for. Joining me to unpack this topic are tax expert Andre […] The post Listen: Navigating tax season 2024 appeared first on Maya on Money ..read more

The Discovery home loan is the latest product from the financial giant, offering an interest-rate discount to qualifying clients. But is it worth switching? Discovery Bank recently launched its home loan offering, which is a joint venture with SA Home Loans. As usual with Discovery, the company is using a rewards-based approach to offer its […] The post Is the Discovery home loan a good deal? appeared first on Maya on Money ..read more

In this second episode of the Santam Insure Your Future Money Bootcamp, I’m again joined by Mapalo Makhu as we dive into the topic of budgeting, and how taking control of your day-to-day spending can significantly reduce financial anxiety. We hear from Thato, who shares how she gained control over her anxiety around money once […] The post Listen: The importance of budgeting appeared first on Maya on Money ..read more

Chantal Marx, Investment Research Head at FNB Wealth and Investments, looks at possible reasons for the recent gold price rally, and how investors can take advantage. The gold price recently reached another all-time high, prompting investors to reassess their current exposure. Is it time to take profit for those who have held positions in gold […] The post Gold price at record levels – what now? appeared first on Maya on Money ..read more