2. Budgeting and understanding the contents of your payslip means that YOU have control of your hard earned money. It’s not easy waking up at five on a cold winter’s morning to go to work, braving the traffic, praying you arrive alive in a taxi and walking distances to get there. When you there, there is sadly little appreciation for your efforts, you have the pressure of deadlines and targets and the cherry on the top having to deal with workplace politics. ALL you have to show for it at the end of the month is YOUR PAYSLIP.

3. LET’S UNDERSTAND YOUR PAYSLIP UIF: 1% FROM EMPLOYER AND 1% FROM YOU WORKERS CAN CLAIM IF THEIR – 1)CONTRACTS ARE ENDED; OR IF THEY 2)EMPLOYERS ARE BANKRUPT; 3)ARE FIRED. IT IS COMPULSORY TO BE REGISTERED WITH UIF PAYE: TAX APPLICABLE TO EMPLOYEES EARNING OVER R4750: MEDICAL AID : COULD BE APPORTIONED (ASK YOUR BROKER FOR ADVICE) SAVING PLANS : EG. GROUP SCHEMES YOU MUST UPDATE THIS WITH ABROKER ANNUALLY

4. GARNISHEE ORDERS (REFER TO WORKSHEET) S 129 LETTER ADVISING TO YOU TO CONSULT YOUR DEBT COUNSELLOR TO REDUCE YOUR INSTALLMENT TO AN AFFORDABLE ONE DUE PROCESS HAS TO BE FOLLOWED FOR GARNISHEE ORDERS TO BE LEGALLY ENDORSED ON YOUR SALARY. SUMMONS MUST BE SENT TO YOUR CURRENT ADDRESS.REMEMBER TO UPDATE YOUR DETAILS REGULARLY JUDGEMENT IS TAKEN IF YOU HAVEN’T RESPONDED OR IF YOU CONSENT TO JUDGEMENT YOUR SALARY IS THEN GARNISHED AVOID GARNISHEE ORDERS AND PROTECT YOUR CREDIT RECORD BY GOING UNDER DEBT COUNSELLING

5. INDIVIDUALS FIND THEMSELVES IN DEBT BECAUSE THE PROCESSES USED WERE NOT STRINGENT. THE NATIONAL CREDIT AC T CAME INTO EFFECT TO HELP OVERINDEBTED CONSUMERS RECOVER FROM RECKLESS LENDING BY FINANCIAL INSTITUTIONS THE ACT AIMS TO IMPROVE THE CREDIT RECORD OF ALL INDIVIDUALS BY ALLOWING THEM TO REDUCE THEIR INSTALMENTS AND THEREBY AFFORD TO PAY OFF DEBT ON TIME ALTHOUGH YOU PAY A REDUCED INSTALLMENT, YOUR PAYMENTS ARE CONSISTENT BECAUSE THEY ARE AFFORDABLE. YOUR CREDIT RECORD IMPROVES AND AFTER YOUR LAST INSTALLMENT YOU CAN QUALIFY FOR CREDIT AGAIN. DON’T MESS IT UP TRYING TO GET BY SEEK THE HELP YOU NEED. ( REFER TO YOUR CREDIT REPORT)

9. OUR VISION IS TO OFFER A SERVICE SECOND TO NON BY PROVIDING PROFFESSIONAL, CALCULATED, HONEST AND TIMEOUS DEBT COUNSELLING SOLUTIONS WITH INTEGRITY. OUR MISSION IS TO FIND AND IMPLEMENT CALCULATED SOLUTIONS TO ALL CLIENT DEBT RELATED CHALLENGES

10. DEBT CONSOLIDATION: NO MORE LOANS WITH HIGH INTEREST RATES AND LONG TERMS ADMIN ORDERS : NOT ALL DEBT IS REDUCED. FEES ARE NOT DISCLOSED UPFRONT. YOU HAVE A BAD CREDIT RECORD FOR LIFE. YOUR DEBT CAN’T EXCEED R50 000. DEBT REVIEW THE SOLUTION : HERE’S WHY … THE DEBT REVIEW PROCESS CLEARS YOUR BAD CREDIT RECORD AUTOMATICALLY AFTER 5 DAYS

11. One Instalment NO INTEREST FOR EXTENDED PERIOD Secure your living expenses Lower Instalments_ reduced by up to 60%

12. No Judgements No more legal action, assets secured No Blacklisting Improve Your Credit Record

13. Step 1 FREE CONSULTATION Step 2 FREE DEBT ASSESSMENT Step 3 Debt review process paid for by creditors

14. Step 4 Negotiate with Creditors to reduce your instalments by up to 45% Step 5 Reduce your Interest Rates, and no interest on RECKLESS LENDING Step 6 Payment of ONE consolidated installment

15. Live life the way its meant to be lived… Stress Free

16. 4 TH FLOOR, SUITE 422 116 MUSGRAVE RD MUSGRAVE OFFICE TOWERS TEL : (031) - 201 4301 (031) - 201 3015

17. TAX TIPS Spouse savings No donations tax is payable when assets are donated between spouses. There’s no risk therefore in giving your spouse assets or, transferring money into your spouse’s name. Income splitting In a family where a husband earns a big salary and a wife earns nothing, the husband's investment incomes are taxed at 40% after certain exemptions. However, by letting the wife earn all the income she can use her tax exempt threshold completely and then pay tax which will work out at 18% tax after she uses her exemptions. - Donations Another way of avoiding tax is by making donations. Few people realise and utilise the annual amount of money which with is exempt from donations tax. Over a long period this lessens your taxable income and reduces your estate. The amount per tax payer currently works out to about R100 000 and this can be doubled when a husband and wife both use this by transferring wealth to their children.