Garach & Garach

GARACH & GARACH is a multi-disciplinary firm of Financial Advisors who provide professional commercial and financial solutions to quality conscious clients in a cost effective manner.

The firm has a vision to be the professional service provider of choice that rapidly and consistently secures superior delivery.


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Personal Finance news

  • Disputes submitted to the Community Schemes Ombud Service will be settled by full-time and part-time conciliators and adjudicators.

  • To convey to younger generations what it means to be retired, Glacier’s #FutureFWD campaign has paired three people between 29 and 42 with retirees. This feature is sponsored by Sanlam.

  • Another three large open medical schemes have announced an average contribution increase of close to 10 percent or above for next year, while three others have announced lower increases.

  • The only certainty for members of defined-contribution funds is what they and their employers will put into their fund; what they will get out when they retire is unknown.

Tax news

  • Tax-free savings accounts provide a new incentive for putting money aside for the future, because you will not pay tax on the returns or capital appreciation in the account.

  • Future income tax returns will ask you to declare if you have offshore trusts, or if you directly or indirectly control one, Judge Dennis Davis says.

  • National Treasury has moved to close a loophole that enables taxpayers to save on estate duty by contributing substantial amounts to retirement annuity funds after they have retired.

  • Taxpayers over 65 who belong to medical schemes may see an increase in their monthly incomes if National Treasury’s proposals to amend the PAYE and provisional tax calculations are implemented.

Contact Info: Gauteng

Telephone: +27 11 782 7842
Fax: +27 11 782 4477


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