Beyond the obvious benefits that come from diversifying your investment portfolio to include international properties, one needs to ask, “why would a South African want to invest in the international property market ?” South Africa’s economy has fallen considerably in recent years. What was once a highly prosperous economy in the first decade of this...Continue reading
With U.K. Inheritance Tax receipts hitting a whopping £4.8bn in the 2016/17 tax year, Domicile is a hot topic for British Expats all over the world. Domi-what I hear you say… Domicile. noun. 1.The country that a person treats as their permanent home. According to the Oxford English Dictionary, DOMICILE is defined as “the country that a person...Continue reading
The Northern Cross Wealth Management team giving up 67 minutes of our time at the DARG rescue centre here in Cape Town for Mandela Day. MD of NCWM, Michael Yuille, chatted to DARG MD, Faustina Gardner, on how DARG train and provide guidance to the Hout Bay community and surrounds regarding animal care and general...Continue reading
Northern Cross Wealth Management hosted a private lunch this past Friday at the Cape Grace Hotel in Cape Town. The event allowed Northern Cross Wealth Management to engage with like-minded individuals from within the legal, accounting and financial professions, and to put emphasis on the services we offer our clients. With Guest Speaker Bruce Whitfield...Continue reading
Where’s your safety net? I am a proudly South African, small-town farmer’s son, from the northern parts of Zululand, KZN. I have heard my parents’ concerns regarding the weather effecting our crop, of theft during harvesting, of the cost of groceries going up year after year, and the threats to farmers’ lives, recently, more so...Continue reading
Inheritance Tax (IHT) has been charged in Britain for hundreds of years, and was first introduced as part of the Stamps Act 1694, in order to help fund the war of the league of Augsburg. Nicknamed the “death tax”, it is paid when a person dies and leaves their assets to their beneficiaries, normally via...Continue reading
A wonderful way to spend a Thursday enjoying the finer things with fellow brokers, providers and clients. Northern Cross Wealth Management enjoyed sharing an insightful afternoon at Zeitz MOCCA Museum here in Cape Town, followed by a lovely lunch at The Silo Hotel in the wonderful setting of the V&A Waterfront. A huge thank you...Continue reading
Northern Cross Wealth Management qualifies for FAIS Compliant Seal On 25 August 2017, Northern Cross Wealth Management, a Cape Town-based financial services provider and offshore wealth management firm, was awarded the 2017 FAIS Compliant Seal from Masthead, in recognition of excellent compliance standards. Masthead is a national supplier of risk management services to independent financial...
The 2008 financial crisis was brought about by, among other things, excessive risk-taking by banks throughout the western world, the most famous victim being Lehman Brothers, which filed for bankruptcy in 2008, ending 158-years of banking history dating back to 1850. The Lehman Brothers saga unleashed the true systemic risk that had been hidden in...
Northern Cross Wealth Management were delighted to host their first broker’s lunch in August this year. The memorable event was held at Pepenero’s Restaurant in Mouille Point, Cape Town. Whilst enjoying a relaxed lunch, Brokers and members of the Northern Cross Wealth team, discussed how they could better provide a comprehensive financial service taking into...Continue reading
The Northern Cross Wealth Management team giving up 67 minutes of our time at the DARG rescue centre here in Cape Town for Mandela Day. The great man would have been 99 years old today. RIP Madiba
Jersey, Guernsey and Mauritius all have something in common. Yes, they are all beautiful islands, but they are also considered ‘tax havens’ and have been for many years. They are often used by wealthy individuals to evade tax. A study by the Tax Justice Network in 2012 stated that there was as much as $32 trillion of hidden...Continue reading