Benefits of topping up a retirement annuity
The best preparation for the future is now As we are approaching the end of 2020 tax year (29 February), this serves as a good opportunity to consider topping up on your retirement annuity. Retirement funds offer great tax benefits as the government offers various incentives to encourage retirement savings. The deductible contributions are limited […]
Ultima is your preferred Employee Benefits advisor
Ultima Financial Planners is your preferred Employee Benefits advisor. This is based on our tried and tested expertise and experience: Proven track record of 18 years in advisory services from small to large group schemes Independence of our advice, none of our planners are remunerated based on commission. Ultima is also not bound to any […]
Understanding the role of the Financial Planner in the Employee Benefits Space
The Financial Planner is commonly referred to as the scheme advisor in the Employee Benefits space. There is a huge misconception that the scheme advisor is the ‘middle man’ of the supply chain. The logical conclusion is that the services of a scheme advisor adds cost to the solution and results in a very expensive […]
The Beauty of Umbrella Funds
Why the fuss? The formalised retirement fund industry in South Africa is over 50 years old and we have learned many lessons along the way. We have found that escalating stakeholder requirements have led to increased complexity, otherwise, read as ‘more costs’. If you have followed the retirement fund industry over the past few years, […]
When should I provide employee benefits?
Knowing when to start offering employee benefits can be tricky which is why we are sharing a few suggestions from our side: When you have over 50 employees We have walked you through some of the advantages of providing benefits. The right time might be sooner than you think. Our research has shown that 50 is […]
Why should I provide employee benefits?
Employee benefits are currently viewed as somewhat of an old fashioned practice. This is mainly due to the fact that employers are more comfortable to transfer responsibility to the employee. In addition, the administration of a pension fund has become too burdensome. Solutions have however evolved and we are confident that this old fashioned practice […]
Learn how to e-sign a document you’ve received via email requesting your e-signature
[vc_row][vc_column][vc_column_text] Ultima decided to implement an option for clients to digitally sign documents to save time and effort.It requires 9 quick steps: Click to open an email you’ve received in your inbox requesting that you e-sign a document. Then click the link Click here to review and sign [name of document]. Take a little time to review […]
You need a great advisor when selling your business. Here is why.
An overview by Empower Capital Author: Philip Haslam Have you ever considered selling your business? Perhaps you’re considering retiring but aren’t sure how to manage the succession plan. Whatever your reason, when someone has run their business successfully, a time usually comes when they want to exit. A great succession plan is important in this […]
Safeguarding the elderly from financial abuse
Moneyweb – Investor Pensioners with insufficient savings are particularly vulnerable to dubious investment schemes. Ingé Lamprecht Dissect some of South Africa’s most controversial investment schemes and you will come across groups of pensioners who invested after they were lured with empty promises of great returns. In light of the country’s poor savings culture and socio-economic […]
Money lessons from Rugby World Cup
South Africa can be regarded as a sports loving country. How can we use a tournament like the Rugby World Cup to learn valuable money lessons? Have a goal In order to win a world cup, a team needs to be able to win 7 games in row. One loss in the pool stages […]
