Vintage M Accounting & Tax Consulting

11/01/2026

Whole Life insurance is leaves a lot of people in limbo. Are you better of having it or investing the money instead. Let’s unpack this;

If you don’t die, the policy not paying out is not money wasted — it means the disaster never happened.

It’s like a fire extinguisher. Nobody cries when it expires unused. You celebrate silently.

That said — your situation is also very practical: you have dependants + debt, which means you don’t actually have the luxury of going “pure investment” without protection.
Thing is;

If drop dead tomorrow:
• bond still wants its money
• kids still need food, school fees, stability
• estate takes time to wind up.

Thing is having assets is also not a great guarantee your dependants will have a good life.

They need liquid cash to survive, so the property you have is all good, but not when they need school fees, food etc. Maybe for you a hubrid of the two is what you need.

Each situation is totally unique and need Accountants who are trained to be your CFO’s too.
We deal with these kind of dilemmas every day. At Vintage M Investments Holdings we don’t just prepare your books, we grow you as a business and an entrepreneur.

When you can overlook the cost of our services and want people who save you money and give advisory services at a fraction of having a CFO

Please give us a call.

Details in Bio…

11/01/2026

11/01/2026

The journey

22/09/2023

When buying a house , open a spreadsheet and a file of the following:
1. The OTP
2. The Transfer papers
3. Renovation Receipts with a spreadsheet of the renovations done over the years.
When you do sell the house one day, you will need that for calculating capital gains tax, so if you don’t want to be shuffling through papers to remember how much your bathroom remodel cost, do it now.
When selling you cannot claim for expenses to increase its value, (but you can for past ones)but only for those to keep its value. So it might not be wise to put a pool before selling, because you won’t be able to recoup that.

When selling keep the sale docs, selling costs such as agents costs and then ask your Accountant to calculate Capital Gains Tax for you and to request a Directive +a tax clearance certificate.
You need a professional to do this to ensure SARS accepts your terms.

14/09/2023

NHI( National Health Insurance) update:
Ps: You might want to read this, it might decide your vote.

This is still a bill, and the Parliament hasn’t passed it yet. The minister to be in charge of it has a lot of power and can do that anytime.

What is meant to do(advantages)
It is meant to revamp the health system in our country because only those service providers who provide good service will be paid, ie there is a scaling to the payments.
It is meant to redistribute wealth, to afford everyone health care.
Funding and provision of health are meant to be separate to improve accountability.

How it is going to be funded?
Well it has not been written in stone yet, but it is suspected it will be collected from taxes, yep no wonder they have been putting it off on the way to the polls, because cash strapped citizens have had enough.
Another option is to take the tax medical savings benefit you get from your medical aid. Well this has been deemed unconstitutional as they can’t tell you how to spend your money.

Registration of service providers:
If you have ever worked with the Government and want to be paid by Treasury you have to register on a particular database, most people know what a pain in the as* that is, so the question is who is going to carry the cost of registrations?

Depletion of Funds.
Most people know what that means, around November most Govt departments have already depleted their budgets, so now what happens to service providers who have to be paid. I think Discovery pays around 5 days so imagine the poor doctors waiting till March the following year after Budget speech in Feb to get funds🥹.

Administration
There has been talks about an Independent body doing the admin and the payouts, knowing Govt, these will be long standing times between payments.

Count
The allocation per province is done by numbers, but it isn’t that easy, for example Kwazulu Natal has high HIV AIDS numbers, not sure if such things or age or even the propensity for maternity been built into this decision?

Issue of Liabilty
That is not addressed at all, that is who do you sue when stuff go wrong, You know with medical aid, the doctors consultation fee includes the indemnity they pay should for instance stuff go haywire , so who exactly has liability here?

Who is a service provider?
If God forbid you are in an ambulance and unconscious and can’t make the decision which hospital to go to, and they happen not to be service providers for some reason,who is going to pay your bill?🤷🏽‍♀️

Corporate Governance
So the Minister appoints the CEO not the board, so that means only he/she can fire them. With constant reshuffling and corruption you wanna bet how this is going to end?
And with SOE‘s with boards which are not qualified. And there is no specific criterion about their appointments to the board,in the bill, think they would be? Hell, we voted in Zuma😳

Wording of the bill
Some things which are regulations are written into the legislation, with evolving medical procedures, this is going to be a huge problem. This means more court times, and more tax payers money spent.

Benefits
This is a big question mark? What exactly do they pay? Would you still need your medical aid? Can you pay both??

Private sector
Will it survive this? I mean medical aid is getting burdensome for most, so with most leaving for a probably cheaper NHI, what now? What happens to the jobs there?

Foreign Nationals
Only South Africans can be on NHI, but now we all know hospitals are full of foreign nationals, what now? Doctors can’t refuse to treat, what now??

Migration of doctors
Well, they threaten to leave if this is implemented, I think they are bluffing😊. Australia and other common wealth areas have something similar, you just don’t set up tent, there is regulations, but who knows.

Home is home anyways. Don’t let people that have immigrated fool you, it’s not all rosy out there.

We have to fix our own problems to a avoid our kids inheriting them. Considering what Govt has done with all the other parastatals, let’s not even talk about Eishkom, do you want them handling your health?

I don’t know. Think about this and make good choices.

Blessed be!

18/08/2023

More and more people are spending their adulthood living with parents. Houses have become so unaffordable🥹.

How about let us looking into getting you a house right now!
Interest rates are high, don’t we know that BUT, so is demand meaning the prices are much lower. If you wait for interest rates to drop, the demand is going to flood the market making your dream home even more unaffordable.

Contact us on 010 590 4082 892 615026150

24/03/2023

Decisions on what to do for your finances can be so confusing with so much info out there. I always use my own opportunity cost rule. Say you’re paying a 22k bond at 10.75% interest rate, it gives you say a 2.5 mil house right. So you want to put an extra 3k to reduce interest rates. Like pay 25k per month.

So the question is what are the opportunities that awaits you, paying 3k a month extra can shave off about 5+ slightly more off your bond, but then you have lost the opportunity to have invested it, about 3k a month for 15years at about 8%p.a is a few thousands shy of a million, return.

But then you need to see this realistically, what is the cost of each opportunity? Would you rather shave off 5+ years on the bond, and have peace of mind that at least you’re ahead with your payments, if you have financial difficulties you will be covered. Or would you rather have a million Rand in fifteen years, considering the chances you might have to disinvest if you hit a rough patch, get heavily penalised and not achieve the 1million mark.

I suppose only you know your situation but my premise is, the more unstable your job, the better it is to reduce the debt substantially, the more stable your job, maybe just making min payments to your bond isn’t a bad idea, especially when you can pick up a check and spoil yourself with a trip to Scotland and take me along🙈.
Choices, choices!

20/01/2020

Call us on 010 590 4360
Cell 082 892 6150 for all your Accounting & Tax needs..

20/01/2020

Insurance

One thing about insurance is that being truthful is key.
When taking out home contents insurance, keep a list of your inventory. Most insurers have one on their website(Inventory list)
State all your assets on it, preferably with serial numbers,and their cost, not market price. Then insure it. They will not turn around and say they didn’t know about it. Receipts get lost and it makes reimbursement much quicker.

With life policies it would benefit you to be honest as possible and underwrite it. Getting caught in a lie, gives them a loophole not to pay anything. You being caught with a cigarette on Facebook can invalidate any claim if you said you are a non smoker. Posting all your trips and holidays just makes it possible for insurers to invalidate all your house- break-in claims. Privacy is pivotal. Make use of household plumber and electrical payouts. They are there for you.

Life policies fully underwritten like one with Sanlam, Liberty etc stand you in better chance of a payout.
The funny thing about insurance is the higher you earn the cheaper it is. Ask them if you could couple the household salary.

For those of you, who have diabetes or heart problems, it is cheaper to get a tailor- made house to underwrite you like Altrisk. It makes your premiums generally cheaper and their payment history is very good.
Remember to keep your Will.
Will chat more about investments, retirement and education policies in our next post.
Blessed be!

18/12/2019

It's that time to be merry and you feel the need to spoil yourself. I understand that more than anything. Your 13th cheque is coming in handy right? Wrong, if you knew how much that was taxed, you would look after it. Maybe put it away for school fees, most schools give a discount to prepaid fees. Yes our kids want things, but truly they don't, they want your love. Invest with the bonus for something you can buy off cash to reduce interest rates and by that I don't mean furniture. Using those bank account for kids, though trendy, it just works out for the bank as they hardly earn noticeable interest. Open a money market account for your little one rather, let them look with fascination as their money grows, some can be opened up with 2000, let your little peeps, earn cash with chores and deposit into the money market, in December they would have enough to buy themselves presents and you would not have to use your bonus. Next year, you can repeat the process. You are tired and shopping at this time of the year is mostly emotional spending and retailers know that. Keep that cash, January has more specials and it definitely won't put a hole in your pocket. Do not ever let cash rule your good sense. On Friday it will be my last post this year, be sure to check it out..
Blessed be!
Vintage M Accounting 0825990746