{"id":5293,"date":"2023-01-23T08:00:08","date_gmt":"2023-01-23T06:00:08","guid":{"rendered":"http:\/\/contattoblogs.timslatter.co.za\/?p=5293"},"modified":"2023-01-23T08:00:08","modified_gmt":"2023-01-23T06:00:08","slug":"save-on-tax-and-for-life-beyond-work","status":"publish","type":"post","link":"https:\/\/zcp.co.za\/main\/save-on-tax-and-for-life-beyond-work\/","title":{"rendered":"Save on tax, and for life beyond work"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In recent years there has been a considerable amount of economic uncertainty. Many people are unsure of their financial future, concerned that they won&#8217;t be able to retire because of financial setbacks related to the pandemic and other global events.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Saving for retirement often aligns closely with benefiting from tax advantages, tax-free investing and tax deferment. Life beyond work is a season of life that we can start planning for now and see immediate savings in our tax returns and the long-term wonders of compounding interest.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Retirement planning refers to financial strategies for saving, investing, and ultimately distributing money to sustain oneself during retirement. It\u2019s a very personal journey, and the amount we need to save depends on our age, income, desired retirement income, inflation, and more. But what so many people overlook is that they can reap short-term benefits, too &#8211; tax savings being the most obvious, but emotional and mental wellness are also notable benefits.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Life after work is not just a financial conversation &#8211; it\u2019s a whole-of-life conversation! Debt is only one challenge; divorce, depression and disenchantment all feature high on the list of struggles that those entering life after work face &#8211; and if they\u2019re not prepared, these can be devastating.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Despite all this &#8211; we continue to engage with people who are not prepared for retirement. Sometimes it\u2019s due to factors outside of their control, like the economic uncertainty mentioned at the beginning of this blog, but sometimes it\u2019s due to avoidance and poor advice.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">There\u2019s room for improvement in retirement planning and saving, and a quarter of non-retirees have no retirement savings. Thankfully, it\u2019s never too late to start saving for life after work, and there are ways to catch up if you feel like you\u2019ve fallen behind.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">When tax returns are due, we always find that there\u2019s an increase in questions about retirement savings and how they can reduce tax. These questions don\u2019t always have simple answers, so it\u2019s a good idea to consult a financial advisor to get personalised advice that fits your financial situation and goals. Whether you are looking to save on your tax bill in the immediate future or bolster emotional and mental fitness by securing your financial bearings for life beyond work, the sooner you can engage with your retirement plan, the better.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In recent years there has been a considerable amount of economic uncertainty. Many people are unsure of their financial future, concerned that they won&#8217;t be able to retire because of financial setbacks related to the pandemic and other global events. Saving for retirement often aligns closely with benefiting from tax advantages, tax-free investing and tax [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5294,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,28],"tags":[],"class_list":{"0":"post-5293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-blog","8":"category-market","10":"post-with-thumbnail","11":"post-with-thumbnail-large"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Save on tax, and for life beyond work - ZC PRETORIUS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zcp.co.za\/main\/save-on-tax-and-for-life-beyond-work\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Save on tax, and for life beyond work - ZC PRETORIUS\" \/>\n<meta property=\"og:description\" content=\"In recent years there has been a considerable amount of economic uncertainty. Many people are unsure of their financial future, concerned that they won&#8217;t be able to retire because of financial setbacks related to the pandemic and other global events. 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