MAKE THE MOST OF WHAT YOU HAVE
The right financial plan will help you get the most for your retirement.
MYTH
I will be financially independent during my retirement
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FACT
45% of pensioners rely (at least in part) on financial assistance from other family members.
Source: Benchmark Survey by Sanlam Employee Benefits
FACT
58% of South Africans expect to continue to work after formal retirement and for the majority, this will be due to financial necessity rather than choice.
I don’t need to worry about retirement planning, my pension fund will be OK. I can get on with life and enjoy its pleasures.
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MYTH
I am saving enough for my retirement.
I can start saving late in life and retire early.
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DON'T BE A STATISTIC
Don't contribute to these distressing retirement facts.
Use our retirement salary calculator to check if you are on your way to reaching a comfortable retirement.
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MYTH
You will spend less money during retirement.
FACT
Less money is spent at retirement however the average life expectancy is increasing so you need more money to last longer.
MYTH
A successful career guarantees a good retirement.
The more money I earn, the more I will save for retirement.
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FACT
The average retirement fund member contributes less than the recommended 27.5% of their salaries to retirement savings. Entrepeneurs even less, contributing just 6%.
YOUR RETIREMENT SAVINGS QUESTIONS, ANSWERED.
Official retirement products have great tax benefits but come with some restrictions. Understand your options before you commit.
It is important to understand how your retirement product works and for retirement annuities this means understanding what the underlying unit trusts invest...
Nine tips to help you increase your retirement savings pot.