10 things to consider for your financial well-being this year

These points are of a general nature and may not be specific to your needs. They are seen as general tips provided by a financial advisor within the 27four network. Financial planning requires a deeper understanding of your financial needs and thus recommend a suitable financial plan specific to your needs. If you require the help of a financial advisor you can get in touch with our client services team who will be able to assist you.


  1. Find out if you’ve utilised your full allowable retirement annuity contributions for tax benefits. Contact your financial services provider or your advisor.
  2. Got married or had kids over the past year? Ensure your will is up to date. If you don’t yet have a will, now may be a good time to start – speak to our client services team who will be happy to get you started.
  3. Use a tax-free savings account to benefit from long-term tax savings or top-up your existing tax-free savings account (in line with the annual prescribed limit of R33 000).
  4. Reduce your estate by using your annual donations tax-free allowance up to a maximum of R100 000,00.
  5. You could take advantage of your Capital Gains Tax (CGT) exemption at R40 000,00 per annum by selling growth assets.
  6. If you pay provisional tax ensure you submit your provisional tax return in time.
  7. Research and compare fees across service providers to ensure you are paying affordable fees and in line with your needs. Consult with a service provider or your financial advisor.
  8. Get a complete Financial Needs Analysis (FNA) done to ensure you are on track towards retirement and have sufficient cover.
  9. Check and update your beneficiary nomination/s on your policies.
  10. Make sure you have an emergency fund 3 times that of your monthly salary through an easily accessible short-term investment vehicle.


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