MyMoney Online, The Personal Finance series with Warren Ingram

Unmarried, but living together? Here’s how to arrange your finances…

Many people move in together before they get married and start combining their income and expenses.

Some couples will even buy a home, pets or other items together.

This could all end badly if there is a break up in the relationship.

The Money Show’s Bruce Whitfield interviewed Galileo Capital Personal Financial Advisor Warren Ingram for his weekly personal finance feature.

Ingram discussed a number of things couples in this position can do, such as:

  • Co-habitation agreement

  • Estate duty/Donations tax planning

  • Life assurance

  • Separate investment/bank accounts

For more detail listen to the interview in the audio below (and/or scroll down for quotes from it).

A lot of people say you have to test drive the car before you buy it.

Warren Ingram, Galileo Capital Financial Advisor

If you’re not married; you’re liable for donations tax if you leave it to the other party.

Warren Ingram, Galileo Capital Financial Advisor

I always counsel against sharing a bank account.

Warren Ingram, Galileo Capital Financial Advisor

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : Unmarried, but living together? Here’s how to arrange your finances…


Recommended

by NEWSROOM AI
Read More
A compelling argument for using SA's pension funds to build infrastructure

A compelling argument for using SA's pension funds to build infrastructure

Bruce Whitfield interviews John Oliphant, former Principal Executive Officer at the Government Employees Pension Fund.

5 highlights from scathing Nugent report into self-imposed dysfunction at Sars

5 highlights from scathing Nugent report into self-imposed dysfunction at Sars

Taxpayer? You may want to check this out. Bruce Whitfield interviews Pieter du Toit, Assistant Editor of In-depth News at News24.

How flavour created the modern economy

How flavour created the modern economy

A look at how our desire for spice changed the world and how it continues to do so.

Dis-Chem gains market share, increases profits (to open a new store each month)

Dis-Chem gains market share, increases profits (to open a new store each month)

The Money Show’s Bruce Whitfield interviews Rui Morais, CFO at Dis-Chem Pharmacies.

'Sars eFiling is stable, at the moment'

'Sars eFiling is stable, at the moment'

Testimonies at the Sars Inquiry has many South African taxpayers panicked. Bruce Whitfield interviews Sars' Mark Kingon.

Canada becomes the 1st large, rich nation to legalise recreational use of dagga

Canada becomes the 1st large, rich nation to legalise recreational use of dagga

The aim is to take profits away from criminals and to regulate a product that millions of Canadians consume illegally anyway.

Popular articles
Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Malema has accused the rogue unit of still being operational and Pravin Gordhan of working in the background against the EFF.

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.

'The EFF seems to be trying to find scapegoats'

'The EFF seems to be trying to find scapegoats'

Deputy Editor at Financial Mail, Sikhonathi Mantshantsha, seems to be finding excuses as to why its leaders are in trouble.

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

News 24 investigative journalist Kyle Cowan reports that Zuma was granted the loan despite the fact that he could not afford it.

Woman alleges pastor Omotoso began sexually abusing her at 14

Woman alleges pastor Omotoso began sexually abusing her at 14

Nigerian pastor Timothy Omotoso and his two co-accused face multiple charges, including human trafficking, racketeering and rape.

Julius Malema is captured, says Kenny Kunene

Julius Malema is captured, says Kenny Kunene

Kenny Kunene describes the issues he has with EFF leader Julius Malema.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.