Welcome to MYneeds, your first step towards financial freedom. 1FINPLAN has been a market leader and innovator in the financial planning space since 1995 and brings you another market first, MYneeds.
As the world gets faster and more demanding we often neglect to prioritise time for some of the most important things in life. Now with MYneeds at least one thing on that priority list will get done quickly and efficiently.
The Sections you need to complete will ask you the following -
MYneeds - My Info
MYneeds - My Assets and Liabilities
MYneeds - My Disability
MYneeds - My Legacy
MYneeds - My Savings
MYneeds - My Retirement
MYneeds - My Reviews
Once your MYneeds assessment has been completed your Financial Advisor will contact you to discuss your MYneeds assessment in detail.
MYneeds - it's all about YOU
Complete MYneeds Assessment Now
MYneeds - My Info
Surname
Name
ID Numer
Preferred email address
Contact No
Married
Yes
No
If yes – Way of marriage
Out of Com
ANC
With accrual
Dependants
Yes
No
Smoker
Yes
No
Highest Qualification
No Grade 12
Grade 12
Diploma
Degree
Professional
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Info
Please use estimates if you are unsure about answering the questions in your MYneeds assessment
What is your estimated income (take home pay) after tax you earn per month?
Your estimated overheads are per month?
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own a property in your personal name?
Yes
No
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
More or less, when did you buy the property?
What did you pay for the property?
What is the estimated value of the property?
What percentage ownership do you have in the property?
100
50
33
Other
If other, please write your percentage
Is this your primary residence (the place you call home)?
Yes
No
How much do you owe on the property (Outstanding bond)?
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another property?
Yes
No
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
More or less, when did you buy the property?
What did you pay for the property?
What is the estimated value of the property?
What percentage ownership do you have in the property?
100
50
33
Other
If other, please write your percentage
Is this your primary residence (the place you call home)?
Yes
No
How much do you owe on the property (Outstanding bond)?
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another property?
Yes
No
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
More or less, when did you buy the property?
What did you pay for the property?
What is the estimated value of the property?
What percentage ownership do you have in the property?
100
50
33
Other
If other, please write your percentage
Is this your primary residence (the place you call home)?
Yes
No
How much do you owe on the property (Outstanding bond)?
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another property?
Yes
No
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
More or less, when did you buy the property?
What did you pay for the property?
What is the estimated value of the property?
What percentage ownership do you have in the property?
100
50
33
Other
If other, please write your percentage
Is this your primary residence (the place you call home)?
Yes
No
How much do you owe on the property (Outstanding bond)?
Back
Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another property?
Yes
No
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
More or less, when did you buy the property?
What did you pay for the property?
What is the estimated value of the property?
What percentage ownership do you have in the property?
100
50
33
Other
If other, please write your percentage
Is this your primary residence (the place you call home)?
Yes
No
How much do you owe on the property (Outstanding bond)?
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What is the estimated value of your house hold content (value of all the stuff in your primary residence)?
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own a vehicle?
Yes
No
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What is the value of your vehicle?
How much do you owe on it
(Outstanding vehicle finance)?
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another vehicle?
Yes
No
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What is the value of your vehicle?
How much do you owe on it
(Outstanding vehicle finance)?
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another vehicle?
Yes
No
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What is the value of your vehicle?
How much do you owe on it
(Outstanding vehicle finance)?
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another vehicle?
Yes
No
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What is the value of your vehicle?
How much do you owe on it
(Outstanding vehicle finance)?
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another vehicle?
Yes
No
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What is the value of your vehicle?
How much do you owe on it
(Outstanding vehicle finance)?
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you have business interest in any business ventures?
Yes
No
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What percentage ownership do you have in the husiness?
100%
50%
33%
25%
Other
What is the conservative value of your share of the business?
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another business?
Yes
No
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What percentage ownership do you have in the husiness?
100%
50%
33%
25%
Other
What is the conservative value of your share of the business?
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another business?
Yes
No
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What percentage ownership do you have in the husiness?
100%
50%
33%
25%
Other
What is the conservative value of your share of the business?
Back
Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another business?
Yes
No
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What percentage ownership do you have in the husiness?
100%
50%
33%
25%
Other
What is the conservative value of your share of the business?
Back
Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you own another business?
Yes
No
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Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
What percentage ownership do you have in the husiness?
100%
50%
33%
25%
Other
What is the conservative value of your share of the business?
Back
Next
My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Loan accounts – are there businesses
or trusts that owes you money on a loan account?
Yes
No
Not sure
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Total combined rand amount owed to you
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Short term debt - Do you have any other debt or personal loans, for example personal loan at the bank, study loan, outstanding credit cards or any other short term loans?
Yes
No
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Total combined short term debt
(if you don't know the exact amount please just give an estimate amount)
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Do you have cash in the bank, long term deposits, gold coins, shares or any other investments in accounts we might not be aware off?
Yes
No
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assets and Liabilities
Total combined investments we are not aware of?
(if you don't know the exact amount please just give an estimate amount)
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Disability and Income Protection
At MYneeds we believe it's all about you. The following questions of your MYneeds assessment is about protecting your income as a result of a disability due to illness or injury.
Select the most appropriate statement should you lose the ability to earn income:
I have enough liquid savings available to cover my overheads for?
0 days
30 days
60 days
90 days
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Disability and Income Protection
Select the most appropriate statement If you are permanently disable and no longer able to earn an income:
I have no need to replace my income
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My Info
My Assets & Liabilities
My Disability & Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Legacy
Losing a loved one is a traumatic reality of life. The following section of your assessment deals with your Legacy. What are the needs of those around you if you are no longer here to support and provide financially. We believe that by providing financial for your loved one after you have passed away is your biggest Legacy.
Apart from settling your current debt, please tell us if there are any other financial needs that you would like to make provision for in the case of you passing away? For example, leaving money for a loved ones, providing for someone special or donating to a charity, the list is endless. Do you have such a need?
Yes
No
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My Info
My Assets & Liabilities
My Disability Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Legacy
Select the most appropriate option.
In the event of my death and after all my debt has been settled, my family or loved ones after tax monthly income need would be:
Other
Enter your desired amount
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My Info
My Assets & Liabilities
My Disability Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Legacy
Apart from providing a monthly income do you have an additional need to provide a once off lump sum of capital ?
Yes
No
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My Info
My Assets & Liabilities
My Disability Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Legacy
What estimated amount you would want to leave behind, please remember that this will be discussed in more detail with your financial advisor
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My Info
My Assets & Liabilities
My Disability Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Savings
South Africans are now borrowing more money than they are saving. Household debt as a percentage of household income now stands at approximately 80% (this includes loans, overdrafts, credit card debt, home loans, accounts).
The Chinese earn less than we do, and they manage to save over 50% of their income, according to the Financial Services Board (FSB), compared to South-Africans that on average only save 14.7% of their income.
Do you feel you are saving enough towards your short to medium term goals?
Yes
No
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My Info
My Assets & Liabilities
My Disability Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Savings
How much more do you think you are able to save and invest towards your short to medium term goals?
R500
R1000
R1500
R2000
R5000
R10000
Other
Enter your desired amount
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My Info
My Assets & Liabilities
My Disability Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Retirement
Let's move on to the last section of your MYneeds assessment, your retirement planning, or as we would like to call it
your financial independence
.
We see retirement as being financially independent from having to work. Most of our financially independent clients continue to work in their retirement years not out of a need of earning money but mainly for the enjoyment of it. Everyone is different in this aspect and we want to know what your financial gaol is when it comes to your financial independence (Retirement).
Do you contribute towards a pension or provident fund at work?
Yes
No
At what age, would you like to be financially independent (Retire)?
50
60
65
If you turned
(above age)
tomorrow, in today's rand value after tax, which of the following would you say is the most appropriate income need from your retirement savings (remember we are assuming you are retiring tomorrow)?
Other
Enter your desired amount
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My Info
My Assets & Liabilities
My Disability Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Reviews
Would you like to review your Will?
Yes please
Not at this stage
No thanks, my will is not currently with my financial advisor
Would you like to review your Short Term Insurance?
Yes please
My Short Term Insurance is with another company but I would like to get competitive quotes
No thank you I'm not interested at this stage.
Would you like to review your Medical Aid Cover?
Yes please
Not at this stage
No thanks my medical aid is through my employer
Would you like to find out more about Medical Gap Cover?
Yes please
No thanks, I already have medical gap cover
No thanks, I'm not interested
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My Info
My Assets & Liabilities
My Disability Income Protection
My Legacy
My Savings
My Retirement
MYneeds - My Assessment Complete
Congratulations on completing your MYneeds assessment, the results of your MYneeds Assessment was sent to your financial advisor who will be in contact to discuss the assessment with you.
Thank you for investing time into your financial planning process
The MYneeds team
It's all about you
