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With 30% of South Africans without retirement savings and many contending with retrenchments and rising debt, the picture looks bleak. Planning for retirement should ideally start with your first salary; however, it is never too late to start where you are. However, setting aside money for your retirement each month is not enough to ensure […]
According to Sherwin Govender, Business Development Manager at Glacier by Sanlam, selecting a retirement income solution requires careful consideration, and in many instances a blended solution can provide a more sustainable outcome. A bleak picture Very few South Africans can retire in comfort and enjoy a lifestyle similar to the one they had […]
Government has implemented a number of retirement fund reforms over the last few years inorder to promote a culture of savings and ensure retirement fund members have enough money toretire comfortably. Three further changes will come into effect on 1 March 2021. The first changewill require provident fund members to take a portion of their […]
📁 Investing in a Retirement Annuity (RA) is wise Maximizing tax benefits by investing in retirement annuities & tax-free investments: SECURE A COMFORTABLE RETIREMENT ☑️ It gives your retirement savings plan a kickstart.If you invest in an RA as well as your employer retirement fund, you create a larger pot of retirement savings […]