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Donât underestimate your benefits as an employee Share As this month is is Workersâ month, letâs look at what you may be receiving from your company in the way of employee benefits, which may be more substantial than you realise, and must be taken into account for financial planning purposes. Your employer may be subsidising your medical scheme contributions and your contributions to a retirement fund (pension or provident fund). If you are a member of an occupational retirement fund, a small part of your contribution will go towards group risk cover: this is insurance that covers you for death or permanent disability and, in some cases, dread diseases, such as cancer and stroke. ....
Covid-19 magnifies retirement savings crisis By Georgina Crouth Share South Africans are facing a long-term retirement crisis, which has been magnified by the pandemic â and women are most vulnerable. This is the scary message to emerge from the third annual Retirement Reality Report by investment firm 10X, released in October last year. The report is based on a Brand Atlas survey of the lifestyles of 15.1 million South Africans with an income of over R8 000 a month. The findings are corroborated by National Treasury figures. 10X said a key issue that cropped up âtime and againâ in the reports was that people felt they could not afford to save for retirement, but they âreally cannot afford not to save for retirementâ. ....
MONEYWEB app instead? Your checklist a year before retirement Even if you are looking forward to the end of your working life, the idea of retirement can be daunting. By Asavela Gwele 10 Apr 2021 00:11 Image: Shutterstock There is often an instinctive fear of moving into a stage of life where you may end up consuming your capital, as well as anxieties about a diminishing lifestyle. Like most challenges in life, preparation is key. Here is a pre-retirement checklist to help ensure you’re on track: INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process. ....
One year before retirement: here is your important checklist Subscribe Even if you are looking forward to the end of your working life, the idea of retirement can be daunting. There is often an instinctive fear of moving into a stage of life where you may end up consuming your capital, as well as anxieties about a diminishing lifestyle. Like most challenges in life, preparation is key, says Asavela Gwele, client relationship associate at 10X Investments. Here, she outlines a pre-retirement checklist that will help you make sure you’re on track. Refine your budget Your financial situation will most likely change during retirement so it’s important to have a clear and defined budget. Before retirement, it was up to you to build a savings pot to fund the lifestyle you wanted in retirement. Once you retire, you will need to deal with what you have and adjust your lifestyle to what you can afford. ....
One year before your retirement: This is your ultimate checklist iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.