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Monday 08:00 - 16:30 Tuesday 08:00 - 16:30 Wednesday 08:00 - 16:30 Thursday 08:00 - 16:30 Friday 08:00 - 15:00

Wynsam Wealth, Acacia House, Redlands Estate, 1 George Macfarlane Ln Ground Floor, Pietermaritzburg (2026)

19/10/2022

As the year end approaches its time to take account and review your Medical Aid option.

Why review your option?
· Life changes and so do your health needs
· You might be spending more than you need to, for example many options now come at a discounted rate if you pick the network version.
· You may be paying co-payments you don't need to, recently the rules around getting chronic tretment have changed on many schemes, so you may be paying in co-payments for not following process correctly.

If you work for a company where Wynsam Wealth handle the Group Medical Aid, look out for the dates we may be on site.

If you are an Ambers resident, Wynsam Wealth will be on site on 1 November 2022 - email palesaz@wynsam.co.za to book a session or call 0860 10 38 16 and ask for Palesa.

You only need R100 a month to start investing - speak to us today
Book an appointment with one of our Certified Financial Planners today
Whats App 078 741 7554
Email: info@wynsam.co.za

31/08/2022

25 August 2022, the Competitions Commission raided 8 major insurance companies.
Any cover you have with these Insurance Companies is still valid and in place.

In a media release the Commission states:

The Commission has reasonable grounds to suspect that BrightRock Life Limited; Discovery Limited; FMI, a division of Bidvest Life Limited; Hollard Insurance Group (Pty) Ltd; Momentum, a division of MMI Limited; Old Mutual Insure Limited; Professional Provident Society Limited and South African National Life Assurance Company (Pty) Ltd (Sanlam) have engaged in collusive practices to fix prices and/or trading conditions in respect of fees for investment products such as retirement annuity and premiums for riskrelated products, namely, life insurance cover such as dread disease cover / chronic medical condition cover, disability cover, life cover and funeral assistance benefits in contravention of section 4(1)(b)(i) of the Competition Act.

Wynsam Wealth will keep up with this progressing situation and ensure our clients interests are protected.

It is important to note that the raids do not prove any guilt on the part of those raided. The point of the raids is to gather evidence. This evidence will then be used to establish who is guilty and who is not.

We confirm that the cover you may have with any of the impacted compnaies is not impacted and claims will be honoured.

What else can Wynsam Wealth help you with?
-Reviewing your medical aid
-Helping you get alternative medical coverage
-Helping you with medical aid related queries by appointing us as your Health Broker
-Retirement Planning
-Draft your Will
-Cut down expenses – review your insurance.
-Find out the best way to save money – tax free investments, retirement annuities, unit trusts – what are they and how to use them?

13/07/2022

We are past the halfway mark for 2022. Globally costs are rising in South Africa we are facing a serious cost of living crisis.

We all have a choice to make, either put our heads in the sand and hope for the best, or take control of your financial life.

How to take control!
- Know what you spend
Before you can control your money, you first need to know where it goes.
Try this budget planner or an app like 22seven.
These help you keep track on what you are spending money on, you might be surprised at how much you can save by small changes – making lunch instead of buying it for example.

- Debt
Understand your debt.
Make a list of all your debt. The outstanding term and the interest rate being charged. Try to pay off the ones with the shorter term and highest interest rate first – do not take on more!

This debt repayment calculator will help you see the difference you can make by repaying some loans faster.

- Look for savings
Easy wins are places you can save money on without having to change much.
Bank fees – is there a cheaper account you can use?
Insurance – when last did you shop out your short term? Maybe you can increase your excess and reduce your premium?
Car pool and ride share – beer is cheaper than petrol. Speak to others in your neighbourhood, sharing a ride can save you tons.
Loyalty Programs – Smart Shopper, Xtra Save, Spar Rewards – these programs are free and can make a difference to your grocery spend at the end of the day.
Forget Brand Loyalty – do you always buy Koo because you always have? A big part of brand loyalty is habit. In these times, we advise buy smart. Chose the brand on special, chose the best value for money brand, or no name brand.
Plan your shopping - have a list to prevent buying unnecessary items. Shop online or via an app – this saves you time and fuel.

- Make more money
One of the best things you can do is find new income streams.
Some ideas are simple – clean out those cupboards and sell your unused items! Cash in your hand for nothing.

Take control
In the end, you are the person who can make the most difference to your financial situation. So, start today, every journey begins with a single step!

13/07/2022

We are past the halfway mark for 2022. Globally costs are rising in South Africa we are facing a serious cost of living crisis.

We all have a choice to make, either put our heads in the sand and hope for the best, or take control of your financial life.

How to take control!
- Know what you spend
Before you can control your money, you first need to know where it goes.
Try this budget planner or an app like 22seven.
These help you keep track on what you are spending money on, you might be surprised at how much you can save by small changes – making lunch instead of buying it for example.

- Debt
Understand your debt.
Make a list of all your debt. The outstanding term and the interest rate being charged. Try to pay off the ones with the shorter term and highest interest rate first – do not take on more!

This debt repayment calculator will help you see the difference you can make by repaying some loans faster.

- Look for savings
Easy wins are places you can save money on without having to change much.
Bank fees – is there a cheaper account you can use?
Insurance – when last did you shop out your short term? Maybe you can increase your excess and reduce your premium?
Car pool and ride share – beer is cheaper than petrol. Speak to others in your neighbourhood, sharing a ride can save you tons.
Loyalty Programs – Smart Shopper, Xtra Save, Spar Rewards – these programs are free and can make a difference to your grocery spend at the end of the day.
Forget Brand Loyalty – do you always buy Koo because you always have? A big part of brand loyalty is habit. In these times, we advise buy smart. Chose the brand on special, chose the best value for money brand, or no name brand.
Plan your shopping - have a list to prevent buying unnecessary items. Shop online or via an app – this saves you time and fuel.

- Make more money
One of the best things you can do is find new income streams.
Some ideas are simple – clean out those cupboards and sell your unused items! Cash in your hand for nothing.

Take control
In the end, you are the person who can make the most difference to your financial situation. So, start today, every journey begins with a single step!

28/04/2022

In this month we focus on some changes to Retirement Funds after the February Budget Speech.

The changes that members most want to know about are, the changes to the investment regulations and the two pot system potentially allowing members to take money out of the fund before retirement.

The Two Pot System

Over the last 18 months there have been discussions about allowing early access to retirement savings. At this point there are discussions only and the draft regulation is to follow later this year.

The idea is to have a system where the members money is kept in two pots, one pot can be accessed early under certain conditions.

The Minister has made it clear that he can create the environment where this can be implemented but he cannot force any retirement fund to implement it.

The draft regulation will address questions such as:
Under what conditions will members be allowed to access money?
How will contributions to the two-pot system be taxed?
How will withdrawals be taxed?
Will different investment regulations apply?

At this point we have no answers to any of these questions.

Once the draft is published, we will be sure to update you.

28/04/2022

In this month we focus on some changes to Retirement Funds after the February

The regulation is known as Regulation 28, it puts limits on where retirement funds can invest money with the aim of protecting the interest of the members.

Regulation 28 Changes
In his budget speech in February Finance Minister Enoch Godongwana announced some important changes to the regulations that govern Retirement Fund Investments.
The regulation is known as Regulation 28, it puts limits on where retirement funds can invest money with the aim of protecting the interest of the members.

2 noticeable changes are being introduced.

1.Changes to the offshore allocation
It was announced that the limit on how much of a Retirement Fund Portfolio can be invested in offshore will be increased to 45%.

The limit was previously 30%, so 30% of your money at a maximum could be invested in assets outside of South Africa.

Now, 45% can be invested outside SA, of which 10% can be in the rest of Africa. It is currently not clear if 10% of the 45% must be in Africa or not.

What does this mean for you?

You are invested in a portfolio that is managed by a Fund Manager or Asset Consultant. Should the manager decide to take advantage of the increased limit, it means they will sell some of the assets they have in South Africa, for example shares in South African companies, and buy some assets offshore, for example shares in companies outside of South Africa.

In the short term, having more offshore assets in your investment makes it more volatile (the value moves up and down more), however, in the long term it may lead to higher returns.

2.Changes to Infrastructure Investing

The changes in terms of infrastructure investing are aimed at unlocking new investments into infrastructure by the private sector.

This means, Retirement Funds will be allowed to invest in infrastructure projects run both by the public and private sector.

The aim of this change is to allow investment to flow into long term infrastructure projects which should boost economic growth and job creation.

The amendments are not yet finalised but could lead to much positive development for the South African economy.

18/01/2022

2022 a New Year and a new start.

At Wynsam Wealth we are all hoping this is the year the Globe breaks the back of Covid-19. Wouldn't it be nice to hug people without feeling a bit guilty.

Whatever the year brings we hope that it will be a positive year for you. Remember, if you cannot change the situation, change the way you react to the situation. A positive attitude is half the battle won.

We thought we would drop a few reminders of things to get done early in 2022.

- The Tax Year ends 28 Feb 2022. Make sure you top up your Retirement Savings and Tax Free Investments before then to get the best Tax deduction you can.

- If you want an awesome holiday at the end of this year, start putting away cash now. We have a Money Call Account with Investec that you can use to stash away some cash that will fund your year end holiday.

- Don't have any cash to put away? You need help, let's help you draw up and stick to a budget.

- If you are on Medical Aid, don't forget to authorise and use your Preventative Benefits. Having these checks done could save your life through early illness detection.

- Update your Will. This is something that is easily put off, but it is very important to get done. Don’t leave your loved ones in the lurch.

- Start exercising! Put your health first, it is your most valuable asset. If you can’t do much, then just start doing something. Even a 30 min walk will make a big difference.

30/09/2021

Want an option review?

Book a virtual appointment with one of our advisors!
Email palesaz@gmail.com to book your appointment!!

Email us for any of the below services:
-Employee benefit consulting
-Personal financial planning
-Retirement planning
-Investment planning
-GAP Cover
-Medical Aid
-Estate planning
-Wills

Email : info@wynsam.co.za
Sharecall: 086 010 3816

14/09/2021

IT’S NATIONAL WILLS WEEK AND WYNSAM WEALTH ARE OFFERING ALL THEIR CLIENTS A FREE WILL DRAFTING.

Why do you need a will?
- A valid Will ensures that your wishes are carried in the event of your death.
- It protects your family members, especially your children.
- It speeds up the process of winding up your Estate, so that your family are not left destitute while all your assets are locked up in an Estate.
- A well planned Will saves you Tax and ensures your Estate has enough cash to meet its obligations.

At Wynsam Wealth we deal with the families of deceased employees often. We see the pain and suffering they have to go through when, not only have they lost a loved one, but the estate is a mess and they cannot get the money out.

Please draft your Will today! Please send an email to palesaz@wynsam.co.za and get your Will drafted!

01/09/2021

FROM US THE WYNSAM TEAM

HAPPY SPRING DAY!! 🌼

First of September marks the end of winter and the start of great tropical weather.

We definitely are looking forward to the Summer days. 😊

23/08/2021

WILL YOU CHOOSE VACCINATION?

If you are old enough to vote, get a license or drink you are now old enough to have a Covid Vaccine.

With vaccines opening to all South African's over 18, millions now face the choice of whether to be vaccinated or not.

Of course this is a personal choice, however it should also be an informed choice. Social media is not a credible source of information. We at Wynsam Wealth urge all our clients to educate themselves, using credible sources, about the vaccine before they make a choice.

Covid cannot be eradicated through individual efforts, if South Africa cannot reach herd immunity together by vaccinating enough people, Covid will be part of our reality for years to come.

So educate yourself, then make an informed choice.

Follow this link https://specialprojects.news24.com/covid-19-vaccine-hesitant-facts/index.html to read more of the Facts about the Vaccine.

Wynsam Wealth Team

· Lerato Moletsane had made up her mind she would not go for the Covid-19 Vaccine.
· After her own battle with Covid, she changed her mind.
· She now firmly believes in getting vaccinated.
Read her story here. https://www.news24.com/health24/medical/infectious-diseases/coronavirus/i-think-i-need-to-get-vaccinated-how-a-woman-changed-her-mind-after-covid-19-knocked-her-out-20210820-2

13/08/2021

Hi I'm Kate Du Randt

I’m a wife, mom and animal lover. My perfect day is a hike in the berg followed by a swim in one of the beautiful, ice cold rivers. I’m an outdoors person so I am always keen for a walk, a ride or a run. If my family and dogs can be with me, even better.

I work at Wynsam Wealth as a senior consultant. My role is as a key account manager on employee benefit groups and financial planner to individuals.

The best part of my job is making a real difference to an individual. People need financial know how, very few clients do not want to do the right thing financially but know how to do the right thing is the tricky part.

So whether it be teaching a person how to use a budgeting app or planning their entire retirement, seeing the change in their life is what brings job satisfaction.

Wynsam Wealth

19/10/2022

31/08/2022

13/07/2022

13/07/2022

28/04/2022

28/04/2022

18/01/2022

30/09/2021

14/09/2021

01/09/2021

23/08/2021

13/08/2021

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Monday	08:00 - 16:30
Tuesday	08:00 - 16:30
Wednesday	08:00 - 16:30
Thursday	08:00 - 16:30
Friday	08:00 - 15:00