Lomas Financial Services

With executor's fees and estate duty often running into the thousands if not millions of Rands, do you have enough liquidity in your estate to pay those fees and also ensure that your family receives what they are entitled to?

At Lomas Financial Services we use a computer programme to simulate what will happen to your estate should something happen to you. Based on this simulation we put together a plan on how to save on these costs and ensure you have peace of mind.

With only 1 in 10 individuals in a financially secure state at retirement, this is one of the most important areas of financial planning.

We base our recommendations on your current financial situation including your assets, liabilities, income and tax status. We take into account several factors including, the age that you would like to retire, the income you would like to receive at retirement and period of time you would need the income to last.

Once the assessment has been done we provide you with a detialed plan on where and how much to invest.

It is important to note that retirement planning is something that should be done as early as possible in life.

You may be in the position to enjoy the fruits of your lifes hard work. You have hopefully saved enough money to retire and maybe have a pension fund/retirement annuity maturing. Where do you invest it?

At Lomas Financial Services we will look at all the options for you and get the best annuity rates to ensure your money is managed responsibly as well as look at the most tax efficient manner to invest your money.

As a registered brokerage we are able offer you whole host of investment opportunities whether your financial goals are long, medium or short-term. We offer property investments, unit trusts, guaranteed investments, annuities, fixed interest investments as well as tax saving investments both local and offshore.

We can help plan and set up a pension / providend fund for your company or group life scheme to cater for your employees

There are several advantages to having a pension / provident fund

There is a tax saving on contributions made to the fund
You can reward employees for their long service at retirement
You will be providing for employees families should something happen to the employee in terms of disability and life cover
It is generally cheaper to get life cover through a pension fund then individually
Most employees will not have to go for medical underwriting due to medical free limits on pension / provident funds

There are many challenges facing businesses in terms of business continuation should something happen to one of the business partners. We have helped many businesses implement strategies to cater for these unforeseen circumstances and we can do the same for you. Here are some questions you should ask yourself if you are a business owner.

If the partner in your business were to die would you be comfortable if their spouse inherited half of the business?
Do you have enough money to buy out your partner's share of the business?
If a key employee in your company were to die how much would you lose in terms of finding and training a replacement and in lost turnover?
Have you signed surety for anything on behalf of the business, if so, who is going to settle that debt if something happens to you?
You may want to leave you business to one of your children but how do you do this without incurring additional estate duty?
Will your partners have enough money to buy your share of the business when you want to retire?
If you are a sole trader, how will your business cope if you disabled permanently or even temporarily?

We are able to provide bonds for our clients at exceptional interest rates though one of our service providers.

Whether it is just to cover debts or to ensure your family's lifestyle if something happens to you, we can get the best quotes and benefits suited to your needs.

Guaranteed Investments

Guaranteed returns of 9,4% tax free.
Tax efficient guaranteed income of 9.34%

Property investments

We offer a product with 10% income increasing at 4% per annum and capital growth.
There is also a growth option of 18% per annum.

Mortgage Bonds

Through one of our service providers we are offering interest rates of up to prime less 2.2% on transferring your bond.

Unit trusts

Get access to one of the largest selections of top performing unit trusts with historical performances in excess of 30 % per annum.