• fosterprivateclients-planning-and-advice-click-through-banner
  • Planning and Advice Services

Pre-retirement Planning

In the simplest sense, pre-retirement planning prepares you for life after paid work ends, not just financially but in all aspects of life. It is therefore essential to prepare well in advance.

This includes:

  • Contributions to retirement annuities;
  • Building discretionary investments;
  • Taking advantage of tax-free savings;
  • Considering income in your investment (even though you don’t need it yet); and
  • Beating inflation.

It also includes non-financial aspects, such as:

  • Lifestyle choices;
  • How and where you would like to spend your time during retirement;
  • Where you would like to live; and
  • When to completely stop working, etc.

Post-retirement Planning

Post-retirement planning ensures that the money you have managed to accumulate in pre-retirement years will last long enough in retirement. Income is a vital aspect of post-retirement planning – you need to consider the drawdown effect – and that your investments are positioned accordingly.

Estate Planning

Estate planning ensures succession and continuation and encompasses the process of anticipating and arranging for the management and disposal of your estate. Effective planning during your life ensures that you can minimise donations, estate, capital gains, and income tax.

Investment and Savings Planning

This entails guiding you, as the investor, into the proper investment and savings vehicles, based on your future goals, time horison and priorities. Proper investment and savings planning will allow your money to produce long-term financial rewards.

Risk and Insurance Planning

The eventualities of life can spoil the funding of a great retirement plan. Risk and insurance planning is therefore a critical component of a comprehensive financial plan. Apart from growing your wealth, you need to consider protecting it in the accumulation phase. This is achieved by getting the right risk assurance in place to help you deal with all contingencies and unforeseen events.

Company and Trust Structure Planning

We ensure that you carefully consider and adequately manage the right structures to protect and grow your wealth. Our approach entails utilising trusts and companies to ensure the protection and continuity of your wealth.

Tax Services

The biggest challenge in providing tax services in the current political situation is liaising with SARS. To be fair to those clients who have relatively basic tax returns and are either not subjected to audits or who are subjected to the basic audit process we have adjusted our charges accordingly. The base cost set out below will include submission of the tax return and uploading supporting documents, should you be audited. However, in the cases where clients are audited more than once, an additional cost of R500 will be billed.

Base cost: R1 200 ex VAT (non-provisional tax payer)
Base cost: R1 500 ex VAT (provisional tax payer)
Visit to the SARS branch: R700 p/hr, with the average time being 1 – 2 hours

Annual Financial Statements

Any registered private business (private company or close corporation) is legally required to prepare accurate financial statements within six months after the end of its financial year. The legislation requires that the financial statements must conform with or satisfy the prescribed standards. We prepare these Annual Financial statements for small businesses and Trusts.

Trust Annual Financial Statements and tax return: R5 000 ex VAT
Small Business Annual Financial Statements and tax returns: R5 000 ex VAT