HB LIFE Financial Services
HB Life is an independent South African financial advisory brokerage. We are small enough to provide professional advice with a personal touch.
Offering a wide range of financial services we are able act as a one-stop-shop to our clients.
Discovery's Adrian Gore says rollout of 'flawed' NHI to be delayed for decades | Business Discovery group CEO Adrian Gore says the largest barrier to a workable NHI Bill is funding while Business Leadership SA has called plans to sign it into law as an electioneering ploy.
What is the difference between medical aid and medical insurance? | News24 Many people don’t understand the difference between Medical Aid and Medical Insurance. The terms are often used interchangeably. Medical Aid and Medical Insurance are, however, different products.
Prioritise retirement over leaving an inheritance The desire to leave a financial legacy can be an emotional subject for parents; and could even negatively impact their own retirement plans.
https://www.moneyweb.co.za/financial-advisor-views/dont-assume-that-your-group-life-cover-is-enough/
Don’t assume that your group life cover is enough Group life cover should be considered as part of a broader personal financial plan.
Does the one-third lump sum increasing to R550k mean I can draw another R50k tax-free? You may get the cash lump sum tax-free since the tax-free portion is an accumulative total over your lifetime.
We have seen an increase in power surge damage claims due to loadshedding. Power surge damage is mostly covered under the content section if there is an accidental damage extension. Check you content section extensions or contact us if power surge damage is a concern to you.
Should I move all of my unit trusts into money markets? Two advisors answer this reader's question.
https://www.moneyweb.co.za/financial-advisor-views/the-a-z-of-buying-investment-property/
The A-Z of buying investment property There are a number of risk factors which investment property owners should be aware of.
One withdrawal per year allowed from your pension savings, under new 'two-pot' retirement rules | Fin24 Retirement fund members will be able to make on one withdrawal per year of more than R2 000, according to proposed new legislation that will establish a two-pot retirement system.
I hardly use my DeLorean but the insurance quote was still too high.
Even though I told them I only drive it from time to time.
Another year without claiming, my car value has gone down.
But I just got a letter that my insurance premium has gone up.
Here’s why..
Insurers use multiple factors when calculating your insurance premium.
Yes, your risk profile plays a role, but so does the cost of replacing or repairing your vehicle.
With the global supply chain still being messy, labour inflation, and rising cost of parts, the likelihood of increasing premiums is real.
That doesn't mean you can't do anything:
Make use rewards programs from insurers.
Gone are the days of "fake bucks". You can save real money or get cash back.
How many hours did you spend thinking about your business last night?
"What if this happens ……" "What if that goes wrong…. "
Here’s how to put that worry to good use –
---
Review your insurance policy.
Sounds silly right? Insurance is something you just shop around for the best price and move on.
Not if you do it right.
A proper insurance review forces you to:
1. List and quantify your risk;
2. Consider how to minimise them;
3. Implement mitigating processes;
4. Ensure you are covered for the rest.
A less risky business, is a better business. Owners that understands their business risk, not only pay less for insurance, but can better manage and survive the unforeseen events in the future.
Happy Mandela Day to all!
JUST IN | Interest rates increased by biggest margin since 2016 | Fin24 The Reserve Bank's monetary policy committee has increased the repo rate by 50 basis points to 4.75%. This is the largest hike since January 2016.
Time to fill up - fuel price hikes across the board this Wednesday | Fin24 The hikes would have been worse if government had not lowered the fuel levy.
The future of retirement must be reimagined as the 100-year life looms SPONSORED | As our life expectancies increase, financing the older versions of ourselves is the challenge
Brightrock's 2021 payout equal to all claims paid in its first 7 years in business | Fin24 Brightrock paid as many claims in Rand terms in 2021 as it did in its first seven years in business.
https://www.moneyweb.co.za/mymoney/moneyweb-tax/its-time-to-take-advantage-of-tax-free-investing/
It’s time to take advantage of tax-free investing 'Someone’s sitting in the shade today because someone planted a tree a long time ago.'
https://www.news24.com/fin24/economy/budget-2022-tax-relief-these-are-all-the-big-changes-20220223
Budget 2022 | Tax relief: These are all the big changes | Fin24 Corporate income tax has been lowered from 28% to 27% in this year’s budget, and personal income taxpayers are also getting some relief.
The ‘real’ value of the rand in 2022 – according to the Big Mac index The Economist has published its Big Mac Index for 2022, showing how the rand continues to be one of the most undervalued currencies globally, relative to the US dollar.
JUST IN | Reserve Bank announces another interest rate hike | Fin24 The Reserve Bank's monetary policy committee has hiked the repo rate by another 25 basis points to 4%. This brings the prime rate to 7.5%.
https://www.moneyweb.co.za/moneyweb-opinion/get-some-of-your-investments-away-from-the-master/
Get some of your investments away from the Master The pandemic initially highlighted the importance of emergency savings and risk cover – but other issues have appeared that investors need to be aware of.
Tax change for taxpayers who receive employer and pension income -
https://www.moonstone.co.za/tax-change-for-taxpayers-who-receive-employer-and-pension-income/
Tax change for taxpayers who receive employer and pension income - Moonstone The SA Revenue Service (Sars) will introduce changes to its systems from 1 March 2022 so that taxpayers who receive income from more than one source, and where one of the sources is income from a retirement fund, do not end up with a large tax bill after they have been assessed. The changes are […...
Higher life insurance premiums for the unvaccinated on the cards Some of the country’s biggest life insurers say new customers who refuse to get vaccinated may be classified as higher risk and as such might incur higher premiums.
https://www.moneyweb.co.za/news/economy/sa-inflation-rises-to-fourth-month-high-meets-forecasts/
SA inflation rises to four-month high, meets forecasts Traders held interest rate bets.
There's R44.9 billion of unclaimed pension funds in SA – how to find out if you’re owed anything Here are several ways to find out if you are owed any pension funds.
Discovery delays medical aid contribution increases again Increases for 2022 will only be implemented from May …
Little bit of good new - https://www.news24.com/fin24/economy/south-africa/sa-economy-grew-by-12-in-the-second-quarter-stronger-than-expected-20210907
JUST IN | SA economy grew by 1.2% in the second quarter - stronger than expected | Fin24 Stats SA on Tuesday issued second quarter GDP figures - which reflected the fourth consecutive quarter of growth.
https://www.moneyweb.co.za/mymoney/moneyweb-tax/new-tax-bills-published-5-key-proposals/
New Tax Bills published – 5 key proposals Taxpayers need to speak to their advisors to understand these proposed changes and when they will come into operation.