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PSG FutureWealth Limited Registration Number 1999/010087/06 An Authorized Financial Services Provider FSP no 22557 1st Floor, 28 Flicker Road, Igloo, 2196 PO Box 41259, Craig hall, 2024 Fax: +27 11
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PSGAM stands for Personal Spending and Gross Asset Monitoring. It is a financial reporting form used to track personal spending habits and monitor individual's gross assets.
PSGAM must be filed by individuals who meet the specified income and asset thresholds set by the financial regulatory authority.
PSGAM can be filled out online through the official website of the financial regulatory authority. The form requires individuals to provide detailed information about their sources of income, expenses, and assets.
The purpose of PSGAM is to monitor and track individual's personal spending habits and evaluate the growth of their gross assets. It helps to ensure financial transparency and detect any potential financial irregularities.
On PSGAM, individuals must report their sources of income, including salary, investments, rental income, and any other forms of income. They must also report their regular expenses, such as housing, transportation, and healthcare. Additionally, individuals must provide details about their assets, including real estate, bank accounts, stocks, and other investments.
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