PARKTOWN FINANCIAL ADVISOR

WARREN BASEL
 Warren Basel
Firm Oracle Broker Services
Suburb Parktown
Address Astrotech Conference Centre, Annerley Road, Parktown, 2041
See Map
GPS -28.047981, 26.170549
FSP Licence 28418
Languages English, Afrikaans (in order of proficiency)
Email
Tel Gauteng
Cel 0824905182
Fax 0866513343
Website www.financial-planning-sa.net
Qualifications

NQF Level 5 Financial Planning

Bcom

 

SERVICES
Retirement
Investments
Estate Planning
Life and Disability
Medical schemes
Short-term insurance
Business Assurance
Offshore Investment
Group Schemes

FOCUS

Wealth Planning, Risk Planning, Investments, Health Care. Medical Gap Cover, Wills And Estate Planning

OTHER SERVICES

Holistic approach to financial planning, to ensure top investment returns, maximum benefits to risk cover and ensuring the financial plan is complete.

COMPANIES REPRESENTED

OTHER COMPANIES REPRESENTED

Stanlib, Brightrock,

EXPERIENCE

With over 15 years in the financial services industry, i have been assisting clients achieve their financial goals.

I take on a Holistic Approach to Financial Planing and being independent, means that I can offer my clients the best products and advice in the market.

BUSINESS PRACTICES
Minimum Levels of Premium/Investment accepted Lump Sum: R100000.00
Recurring monthly: R500.00
Remuneration Fee OR commission
Legal structure of employer (Pty) Ltd company
Number of staff > 50
Indemnity insurance Insurance: yes
Value: R10000000.00
LATEST NEWS AND VIEWS
What is the STANLIB Tax-Free Savings Account? Convenient investment vehicle In line with the South African government’s initiative to incentivise and promote savings in South Africa, through the National Savings Scheme, STANLIB is offering a tax-free savings account.* This will be made available to existing and new clients. This account will be available on the STANLIB Unit Trust platform. QUICK FACTS No tax on dividends (This is a tax at 15% on shareholders when they receive dividends) Your account will earn the gross dividend, which will be automatically re-invested. No performance fees All investments included in the account will have no performance fees. No initial fees STANLIB will charge no initial fees. However, advisers will be able to charge an initial adviser fee agreed with the client. You don’t pay tax on income All interest and other income, including listed property Income, will be re-invested tax-free. Service fees No additional fees will be charged except the annual service fee of the fund you have selected. This may include a trail fee to the adviser. No Capital Gains Tax (CGT) You won’t be taxed on capital gains resulting from a switch within this account offering or a withdrawal on your investment. Minimum and maximum Investment Contributions • The product allows a maximum of R30 000 annual contribution and a maximum contribution of R500 000 over the lifetime of the investor. These numbers may be adjusted for inflation. • Over time the balance in these accounts may exceed the R500 000 limit due to accumulated earnings and capital gains. • A minimum lump sum of R5000 will be allowed with a minimum debit order of R500 p.m and a maximum debit order of R2 500 p.m • Amounts within the account(s) may be withdrawn at any time however if these amounts are returned to the account(s) they will be subject to the annual contribution limits. • Transfers between different funds within the account will not be subject to the annual contribution limits. PLEASE NOTE: The limit of R30 000 p.a applies to ALL your tax-free savings accounts in total, with STANLIB and other providers. If investors exceed this limit, this will be considered a contravention of the law, which SARS will be monitoring on an annual basis. Any amounts exceeding the R30 000 p.a limit will be taxed at a rate of 40%. The tax benefits : • No withholding tax on Interest • No withholding tax on dividends • No tax on Interest and income earned from property funds • No Capital Gains Tax Maximum Investment Contributions: Maximum of R30 000 p.a and maximum of R500 000 in your lifetime. Regulatory Requirements • All natural persons may invest in this account. • STANLIB is prohibited to accept contributions in excess of the contribution limits made by investors. • Transfers between different tax-free savings accounts will not be allowed until 1 March 2016. • Where the investor is a minor, any withdrawals may only be paid into the minor’s bank account and not the guardian’s bank account. • No performance fee will be allowed on any of the underlying funds. For illustrative purposes, taxed versus untaxed annual returns on the STANLIB Income fund over a 20 year period 5 Years 10 Years 15 Years 20 Years Untaxed Fund R 280 831 R 740 525 R 1 308 380 R 1 913 872 Taxed (Total) R 257 295 R 699 724 R 1 236 250 R 1 670 195 Give me a call on 082 490 5182 or send me an email to warrenb@oraclebrokers.com and I will be glad to help you. Attached is a list of frequently asked questions. Yours In Wealth
WHERE THIS FINANCIAL ADVISOR IS BASED
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