U.K. State Pension. With the U.K. government’s ‘triple-lock’ commitment, the State Pension is currently increased each year by whichever is highest of inflation or 2.5% or average earnings. This means those on the older State Pension will see a 3.9% rise, from £129.20 to £134.25 per week (£262.60 extra a year). Lifetime allowance (LTA). This...
Northern Cross Wealth Management are proud to announce that we have been awarded the Masthead FAIS Compliant Seal for 2019. This is the third consecutive year we have been awarded the Seal, which provides our clients with peace of mind knowing we maintain the highest standards of compliance. This seal is awarded to firms who are...Continue reading
Northern Cross was proud to be associated with the DARG balls golf day at Clovelly Country Club on the 31st October 2019. The event raised a total of R145,000 which is a fantastic achievement from everyone involved. DARG BALLS 5th Annual Tournament was in full swing. It was a fine day to be on the golf...Continue reading
Last weekend Northern Cross sponsored the Rolls-Royce Enthusiasts Club 2019 Jamboree @RREC.SA. The Owners Club for Rolls-Royce and Bentley showcased their classic cars at Kelvin Grove Country Club. Here are our favourite pictures of the day.
As the saying goes, “The best time to plant a tree was 20 years ago. The second-best time is now”. The same can be said for South Africans investing overseas. When it comes to investing off-shore, the misconception is that there is no real benefit of investing abroad or that it just serves to complicate...Continue reading
Do you think you are a smart investor? Specific: What exactly do you expect from your investments? For example, when do you intend on starting to invest and when would you like to end? Do you have specific goals in mind for a particular investment amount that you would like to reach? Measurable: How do...Continue reading
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