Are you procrastinating when it comes to saving for your retirement?

Retirement Planning

Retirement is always something way off in the future until suddenly it isn’t, and by the time you realise this, it’s too late. What if we showed you how little a million Rand pension fund buys at retirement? Hopefully this will help end your procrastination. As a nation we’re not saving enough, and to be […]

What happens if you invest too much into your Retirement Annuity?

We’ve never seen this happen…but that doesn’t mean it doesn’t ever. And even if it does happen, it’s not the end of the world. Why is that, you may ask? Well, let’s take a peek at the tax deductions surrounding retirement funds. Basically, you’re allowed to invest 27,5% of your taxable income/remuneration into a combination […]

Why cashing in your pension fund is a really bad idea!

“We need R200 000 urgently. Can you cash in our pension fund?” What seemed a simple enough instruction, turned out to be my biggest nightmare when I received a call from them two weeks later. “Why were we only paid R130 000?” Believe me, that’s not the best message to receive first thing on a […]

A Retirement Annuity that caters for life’s twists and turns

Old Mutual Optimal Retirement Annuity

Saving for your retirement is a long-term strategy that could see you committing for 40-years plus. There is, however, just one glaring issue with a commitment that long into the future, right?  Nobody knows what life is going to throw at us tomorrow, let alone a week down the line, or even decades from now. […]

Your pension may be at risk | Are you aware of this?

Imagine having the following conversation with your boss: Them: Listen (put your name here), you know that pension fund you belong to? The one we’re deducting from your salary every month? You: Yes… Them: Well, we’ve decided that instead of investing the money elsewhere, we’re going to invest it in the company. You: Huh? Them: […]