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| Firm | Finmax Financial Services |
| Suburb | Western Cape |
| Address |
4 Boreham Crescent,
Durbanville, 7550
See Map |
| GPS | -18.6450614, 33.8444196 |
| FSP Licence | 36551 |
| Languages | Fully bilingual (Afrikaans and English) (in order of proficiency) |
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| Tel | 021 975 1899 |
| Website | www.finmax.co.za |
| Qualifications | |
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B.Com (Stellenbosch) RE 5 (Above 80% pass) Class of Business |
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| Retirement |  |
| Investments | |
| Estate Planning | |
| Life and Disability | |
| Medical schemes | |
| Short-term insurance | |
| Business Assurance | |
| Offshore Investment | |
| Group Schemes | |
FOCUS
Provide holistic financial advice as an independent Financial Advisor | Financial Planning for the whole family and solutions for business owners and corporatesOTHER SERVICES
Financial Planning
OTHER COMPANIES REPRESENTED
Glacier |
Fedgroup |
FMI |
Short Term:
Auto & General |
Cross Country (specialist 4x4 and hunters’ insurance) |
Discovery Insure |
Frontline |
TIC (Travel Insurance) |
Santam |
Renasa |
Zurich |
SHA (Professional Indemnity cover and Cyber Insurance) |
Admin house (for M&F, Hollard, etc) |
PPS Short Term Insurance
Medical Aid |
Optivest Health Solutions
Gap Cover:
Stratum |
Discovery
Experienced Financial Advisor with a strong financial background.
More than 16 years of corporate experience(financial department and HR, focus on reporting and remuneration and benefits) and 6 years in the financial services industry.
Currently furthering my studies in Financial Planning.
Finmax Financial Services is an independent financial services provider based in Durbanville, Western Cape. We can assist you with personal financial planning, corporate financial planning (including employee benefits), short term insurance as well as life-, disability-, dread disease cover. Our associates will be able to assist you with estate planning, the setup of trusts and wills. We also have various investment options to make provision for retirement or to invest post retirement. We offer more than just good service, but excellent tariffs with equally good cover and benefits.
| Minimum Levels of Premium/Investment accepted | Lump Sum: R0.00 Recurring monthly: R0.00 |
| Remuneration | Fee and Commission |
| Legal structure of employer | (Pty) Ltd company |
| Number of staff | 6 - 10 |
| Indemnity insurance | Insurance: yes Value: not specified |
A nice explanation of the difference/similarities between a pension and provident fund from Old Mutual
A pension fund is a retirement fund that receives frequent contributions (usually monthly) from you and your employer. At retirement, you can access up to one-third of the benefit in cash, and the remaining two-thirds must be used to purchase an income annuity.
A provident fund is the same as a pension fund, but prior to 1 March 2021, it differed in that when you resigned or retired, you could take the entire sum as cash, which you’d be taxed on. You wouldn’t need to purchase an annuity. With the retirement reforms introduced from 1 March 2021, provident funds are now more similar to pension funds, and the following now applies:
