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Employee benefits, also called fringe benefits, perquisites, or perks include various types of non-wage compensation provided to employees in addition to their normal wages or salaries.

Examples of these benefits include:

• housing (employer-provided or employer-paid)
• group insurance (health, dental, life etc.)
• disability income protection
• retirement benefits
• sick leave
• vacation (paid and non-paid)
• study bursary schemes

The purpose of employee benefits is to increase the economic security of staff members, and in doing so, improve worker retention across the organisation. As such, it is one component of reward management.

Exshell Financial Services Trust help Employers to compile and manage employee benefit packages which suit their company’s requirements and initiatives.

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Income tax is the normal tax which is paid on your taxable income. Examples of amounts an individual may receive, and from which the taxable income is determined, include:

• Remuneration (income from employment), such as, salaries, wages, bonuses, overtime pay, taxable (fringe) benefits, allowances and certain lump sum benefits
• Profits or losses from a business or trade
• Income or profits arising from an individual being a beneficiary of a trust
• Director’s fees
• Investment income, such as interest and foreign dividends
• Rental income or losses
• Income from royalties
• Annuities
• Pension income
• Certain capital gains

Exshell Financial Services Trust specialise in assisting employees with TAX registration, submission of annual returns and any queries.

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A pension transfer means giving up your scheme benefits in return for a cash value…

A pension transfer from a defined benefit, salary-related, pension scheme means giving up your scheme benefits in return for a cash value which is invested in another pension scheme.

If not handled by a professional in most cases you’re likely to be worse off if you transfer out of a defined benefit scheme, even if your employer gives you an incentive to leave.

Before you go ahead, you should seek advice from a regulated financial adviser.

Exshell Financial Services Trust can assist employees in transferring out of a defined benefit pension scheme.

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Like buying a house, or choosing the right school for your children to attend – choosing the right life insurance is one of the most important financial decisions a person can make, but one that is often misunderstood by many consumers.

Accidents can happen to anyone, even if you’re young and healthy. If you become permanently disabled because of an accident, you may be unable to earn an income. Knowing that you will be able to take care of your expenses will minimise the financial pressure on you and your family.

Definitions:

• Pure life cover: this is life insurance that pays out a lump sum in the event of the death of the life assured, whether the death is caused by natural or unnatural (accidental) means.
• Accidental death cover: as the name says, this only pays out if the life assured passes away due to an unnatural or accidental cause defined as “a sudden and unforeseen event occurring at an identifiable place and time, which has a visible, violent or external cause”.
• Accidental disability cover will help you and your family to take care of your medical and living expenses if you become permanently disabled because of an accident

Take the time today to ensure peace of mind for your family, knowing that you are financially secure should the unforeseeable happen and contact Exshell Financial Services Trust who will assist in finding the perfect Death and Disability cover suited for you.

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Taking care of our families is what gives our lives purpose. What would happen to them if tragedy struck and you were no longer around to take care of them? Or if you became disabled, and could no longer provide for them, or if they have to take care of you?

Exshell Financial Services Trust who will assist in finding the perfect Family Cover policy suited for your needs.

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Financial Planning is an ongoing process to help you make sensible decisions about money that can help you achieve your goals in life.

It’s not just about buying products like a pension or an investment plan. It can involve putting appropriate wills in place to protect your family, thinking about how your family will manage without your income should you fall ill or die prematurely, spending money differently etc. It involves thinking about all of these things together i.e. your ‘plan’.

Exshell Financial Services Trust can build and manage your financial planning to insure you have peace of mind about your future.

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In the simplest sense, retirement planning is the planning a person does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include lifestyle choices such as how to spend time in retirement, where to live, when to completely quit working, etc. A holistic approach to retirement planning considers all these areas.

The emphasis one puts on retirement planning changes throughout different life stages. Early in a person’s working life, retirement planning is about setting aside enough money for retirement. During the middle of your career, it might also include setting specific income or asset targets and taking the steps to achieve them. Once you reach retirement age, you go from accumulating assets to what planners call the distribution phase. You’re no longer paying in; instead your decades of saving are paying out.

Exshell Financial Services Trust assist in all aspects of retirement planning.

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Investment planning is the process of matching your financial goals and objectives with your financial resources. Investment planning is a core component of financial planning. It is impossible to have one without the other.

Investment planning is a process that begins when you are clear on your financial goals and objectives. Our Financial Planning process is designed to help you get clear on how to match your financial resources to your financial objectives.

There are thousands of different investments. The most commonly used are cash, equities, bonds and property. Each of these have different characteristics and a good investment plan will usually contain all of these.

By helping you set out clear and measurable goals, Exshell Financial Services Trust can compile a suitable mixture of investments to each specific goal in the most efficient way.

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Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax.

Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised of everything you own— your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter how large or how modest, everyone has an estate and something in common—you can’t take it with you when you die.

Exshell Financial Services Trust will compile and manage your Estate planning for you, trouble free.

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A Last Will and Testament allows you to communicate your wishes and make things easier for the people you care about. Creating a Last Will and Testament as a part of your estate plan will ensure all you leave behind, including the care of your children, will be taken care of according to your wishes.

Why having a Last Will and Testament is important?

• You’d like your property distributed according to your wishes after your death
• You’d like to list the people or organizations that will receive your property after your death
• You’d like to list the person or group who will carry out the terms of the Last Will
• You’d like to name who’s responsible for minor children if their other parent is unable to take care of them

Exshell Financial Services Trust will compile and manage your Last Will and Testament for you.

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