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@mzwamadodafongqo3814 2 күн бұрын
Telling them to tell nobody about winning, it is a good advice but it doesn't exempt them from the number-number criminal system; where people in high places, some of which who may be working for financial institutions, corporations/businesses, lotto or affiliates, insurance etc give or sell their information to criminals to have them robbed.
@tlp3482 2 күн бұрын
I was shocked at the cost of death after both my parents had passed on. This topic is not spoken of enough!!!
@KhomotsoMkansie 4 күн бұрын
Hi. This is informative, i keep coming to listen. 💯
@MpumeleloNeville 4 күн бұрын
❤❤❤
@inga3188 4 күн бұрын
Facts!!!!❤❤❤
@ngcebomhlongo4950 5 күн бұрын
If I have a retirement annuity that I contribute to monthly in my personal capacity and a work pension fund from my employer, does this mean I will have 2 savings pots of R30 000 each since both policies have more than R300 000 each?
@FinanciallyFabulousFemales 5 күн бұрын
@@ngcebomhlongo4950 that’s correct
@zamn2853 6 күн бұрын
Thanks. You got yourself a subscriber
@FinanciallyFabulousFemales 6 күн бұрын
Welcome aboard!
@raeezhendricks 8 күн бұрын
At any point before retirement age, are we allowed to withdraw from the vested pot? Example, hypothetically if I have 1mil in vested pot - can one withdraw 200k? Or is the vested pot fixed and only available at retirement
@FinanciallyFabulousFemales 8 күн бұрын
You will be able to access the vested pot in Pensions upon resignation.
@mathew_thetaxcollect 8 күн бұрын
try to show your calc steps on how you get your answers
@forthegoodgreat4716 8 күн бұрын
Can you direct me to a reputable tax practitioner
@enricolouw8011 9 күн бұрын
Wow, this is such bad advice!
@ayandazulu8014 9 күн бұрын
Cryptocurrency
@ayandazulu8014 9 күн бұрын
The government just wants to fund their pockets using our money this is a scam
@booysencharndro 9 күн бұрын
What happens when you resign after 1 September 2024. Will you get your full pension or will they keep your savings untill your 60?
@sabelonkwanyana9294 9 күн бұрын
Thanks Yolanda, very informative. Does one need to resign to access the money in the vested pot (old money old rules)?
@FinanciallyFabulousFemales 9 күн бұрын
Preservation funds can be accessed at any time. You don’t need to resign
@andiswalekoala3094 10 күн бұрын
Hi Yolanda, does these contribution also include the contribution from the employer? Example I contribute 3000 and my employer subsidies me with 4000=7000 does this mean 1/3 of 7000 or is it a 1/3 of my 3000 which I contribute from my salary?
@FinanciallyFabulousFemales 9 күн бұрын
Preservation refers to total contributions (employee+employer contributions), that you chose to preserve when you left the company
@simphiweraymondmajola375 10 күн бұрын
This shit scam is still clear as light that we are being robbed, if we all gonna be withdrawing the same amount of not more than 30k why tax is not the same or am I still far too lost on how we will be scammed here? Thank you very much mam for sharing such informative data.
@phumud4644 10 күн бұрын
I will definitely withdraw and invest it on Satrix market
@nkanyisoivan 10 күн бұрын
Jeeez, just put it in crypto. You'd easily multiply that 5.2 time in 12 months or less😫
@masibongesibiya6315 10 күн бұрын
Hi, do you have a good financial advisor to recommend.
@puledimasalesa 11 күн бұрын
So if I decide not to withdraw and maybe in a year or two I leave my job will I be able to withdraw all my money
@FinanciallyFabulousFemales 9 күн бұрын
Yes, you can do that, you can make 1 withdrawal per financial year any time in the future
@tflking4916 11 күн бұрын
Regulation 28 is EWC with a different name.
@Edog119 11 күн бұрын
Some of the best superinvestors on earth will be jumping for joy to get 15% growth over 20 years, and you're saying after fees? So gross return must be at the very least least 18%+ over the long term. This is Warren Buffet territory. The handful of funds on earth that has achieved this won't accept new clients and those that do have entry limits of millions of dollars. This is totally unrealistic.
@FinanciallyFabulousFemales 9 күн бұрын
There are funds in SA that return 25%+ for over 5 years, there is also a fund in SA that has never had a negative year. It’s for you to build your own strategy
@phodishogodfrey9784 11 күн бұрын
Hi thanks if your have 5years working in the company can iget the two pots money?
@FinanciallyFabulousFemales 9 күн бұрын
Yes you can!
@debsbenjamin4629 11 күн бұрын
Do you offer webinars like your face to face presentations
@FinanciallyFabulousFemales 9 күн бұрын
Check out website for free and paid webinars, www.financiallyfabulousfemales.com
@debsbenjamin4629 11 күн бұрын
Where to start. I like your program. You use laymans terms. Where to start
@FinanciallyFabulousFemales 9 күн бұрын
KZbin is the first place to start
@debsbenjamin4629 11 күн бұрын
I wish back in the day brokers gave sound advice. Now you sit with policies with life term at old age We were poorly advised Brokers write up policies and dissappear. Not being financially savvy made it worse
@FinanciallyFabulousFemales 9 күн бұрын
It’s sad, I try to change the advisor performance, one client at a time
@tshiamomonnakgotla6185 11 күн бұрын
Rather speak to your licensed financial services provider and look at different funds rather than withdraw. Terrible advice so "advisors" just want your money dont ve scammed
@FinanciallyFabulousFemales 9 күн бұрын
The content of this video is not financial advice, I did mention this in the video. I also mentioned that this consideration is for the higher grade investors
@rig7107 11 күн бұрын
I had experience with debt review , I wouldn't recommend it. 1. not all accounts were being paid. 2. accounts tht I've settled were still being paid. I paid another company to remove me from debt review. what works for me now... call and ask for lower installment , take the lowest amount and settle it, if you get a discount even better, thn move on to the nxt account. no need for debt restructuring or the likes, just discipline.
@Rara-hx2kh 12 күн бұрын
Hi there Yolanda, trust you are well! So I found this video doing research for a family member, and I would like to know, if there's a R30K capped amount into the savings component of this new system, and hypothetically, the member wants to withdraw that limited amount (the 30K), is the savings pot depleted completely for the financial year 2024/2025, or does it automatically get "filled up" again with another 30k from the vested pot?? (hypothetical scenario all taking place from the 1st September)
@FinanciallyFabulousFemales 9 күн бұрын
The the 30k is once of seeding, once you withdraw from the savings pot, monthly contributions into your pension will slowly fill the savings pot again and the savings pot will grow or shrink according to the fund growth
@derekwoolley9729 12 күн бұрын
The government could not get their hands on the 90 billion rand retirement funds legally. Now they have created a dream that is going to be a nightmare at retirement. By creating this 2 pot system they now can access the fund via tax they bring the only main beneficiary. Government is basically bankrupt thus being creative in tax revenue including not in adjusting the annual income tax brackets . They are not looking after the individuals interest.
@FinanciallyFabulousFemales 9 күн бұрын
In the long term, more pension money will be preserved compared to the current rate. Right now people resign and don’t preserve their funds for retirement, most withdraw all
@daviddavid4962 13 күн бұрын
On which planet are you getting 15%? And by your own explanation about growth minus inflation of say 6%, then you are implying that the growth is 21% to get 15% return (this is from your own calculation).
@FinanciallyFabulousFemales 9 күн бұрын
There are funds returns 25% + annualised outside reg 28, you need to find your own strategy to reach your desired return in line with your risk appetite
@jo-annecairncross1180 13 күн бұрын
Hi Yolanda thank you so much very informative.
@FinanciallyFabulousFemales 9 күн бұрын
Glad it was helpful!
@ziphezinhlemthimunye1018 13 күн бұрын
Pls help I need clarity when u decide to resign do u still get all your money
@FinanciallyFabulousFemales 13 күн бұрын
@@ziphezinhlemthimunye1018 you will get the vested pot
@ziphezinhlemthimunye1018 13 күн бұрын
Sorry u mean only 30k
@venenciachitakira7241 13 күн бұрын
Is it wise to take it and build a property for rentals.
@siphiwegumede4454 10 күн бұрын
I heard you can withdraw 10% (maximum is R30k).
@FinanciallyFabulousFemales 9 күн бұрын
Your have to sit down and do some calculations to help you come to that decision
@samvlog793 13 күн бұрын
Whats the best offshore investment for south Africans
@FinanciallyFabulousFemales 9 күн бұрын
Please book an appointment for financial advice
@SimphiweShongwe-g8t 13 күн бұрын
Charity😂😂
@sevenninespades 14 күн бұрын
Where are you getting a 15% nett return?
@FinanciallyFabulousFemales 9 күн бұрын
Your have to build a strategy to give you your desired return. Products and funds are not solutions
@WrestlingInYourHouse 14 күн бұрын
Was there any test pilot done for these 2 crack pots ?
@FinanciallyFabulousFemales 9 күн бұрын
They are based on a UK model…apparently
@WrestlingInYourHouse 9 күн бұрын
@@FinanciallyFabulousFemales cos we know how things from the UK work outside of the UK 😂 NHI is based on a Chinese model with a 10 year plan that failed in 2 years 💡
@lebogangncube7677 14 күн бұрын
Its been a while since i heard someone talking financial sense thats not for the faint hearted.
@FinanciallyFabulousFemales 9 күн бұрын
From the comments….you can identify the faint hearted
@barrymatthew2857 14 күн бұрын
This is a terrible suggestion. In your example you will take a 31% knock. To get the R17,225 (R25,000 - tax of R7775) back to the R25,000 you started with you need to grow it by 45%. How many years is it going to take to do that? Terrible advice. If you have a long time before retirement, rather increase your exposure to as much foreign assets (equity and bonds) as allowed (45%). Remember there is no tax while invested in a retirement investment. Much better to do that and leave your current investments to continue to grow.
@FinanciallyFabulousFemales 9 күн бұрын
Recovering from the tax hit will take time but your will grow your funds faster outside of reg28. You also put your self in a better liquidity position should you choose to invest outside reg28. Pension products do offer tax free growth but it is not a tax free product, its a tax deferred product. Also the content of this video is not financial advice
@barrymatthew2857 8 күн бұрын
I appreciate the conversation but do think you are being disingenuous in saying this is not financial advice given the title you gave your video. Interesting to me is this is positioned to clients in retirement funds... and they're there as it was the right investment for them to do at the time. At a minimum, I don't think you appropriately cover the basics - like how long it will take a client doing this on average to just break even after the 31% loss your guidance will trigger... I suppose, if anything, this highlights the importance of personalized financial advice tailored to each investor’s unique situation.
@FinanciallyFabulousFemales 8 күн бұрын
@@barrymatthew2857 I didn't position this to clients. I created content with multiple disclaimers. Disclaimer: The information contained in this video is not to be construed as advice in terms of the Financial Advisory and Intermediary Services Act of 2002 ("FAIS"). Information found here is purely informative in nature.
@jurantchetty4162 14 күн бұрын
Very informative. Thank you. They say that they doing this to help us, I think the government is preying on ppls inclination to take money so that they can have more in taxes to steal
@FinanciallyFabulousFemales 9 күн бұрын
In the long term this is better for South African savings retirement rates. But the withdrawal does fits in with governments need to tax you to death.
@segametsimogaetsho826 15 күн бұрын
Give this woman her roses 🌹 🌹 🌹 somebody 🎉🎉🎉🎉 You have educated me 100% on this thank you so much. I need to play this to my brother who wants to resign suddenly. He says 2 pots is going to steal his money 😅
@FinanciallyFabulousFemales 9 күн бұрын
Glad you enjoyed the video
@MrNefferson 15 күн бұрын
Where exactly would it be possible to invest at @15%??? That sounds a but farfetched for a R17k investment. Disclaimer: I'm asking to learn and not throwing shade.
@FinanciallyFabulousFemales 9 күн бұрын
You too to build a strategy that will give give this kind of return. Its constant work, not just invest and forget it. Products and funds are not solutions.
@judasmoyane3942 15 күн бұрын
SAFTU IS RIGHT , this is a scam , who can our president sign this , the worse part if you lose your job you will have to wait until you are 60 yr 65 whatever the case. By then you are old and useless.......
@NjeleMolStudios 15 күн бұрын
Nice thank you
@FinanciallyFabulousFemales 15 күн бұрын
@@NjeleMolStudios this video Is out dated
@daniellasamuels3680 15 күн бұрын
What happens if i do not touch anything from starting off with the first R30.000 withdrawal and wait for retirement age..Do both pots grow interest?. Is that best if i can stay without it? Thanks
@FinanciallyFabulousFemales 9 күн бұрын
If you choose not to withdraw the funds will continue to grow tax free.
@daniellasamuels3680 9 күн бұрын
@@FinanciallyFabulousFemales Glad to hear it will grow tax free, should I not touch the R30.000. That is my plan ,as i lived without it till now,so just continue without it. Thank you for your response. Much appreciated
@PsyD2704 15 күн бұрын
Is the withdrawal from September 2024 month onwards or just September month?
@FinanciallyFabulousFemales 15 күн бұрын
from September onwards, only one withdrawal per financial year