Retirement in South Africa is seeing billions flowing out of the two-pot system when, in actual fact, residents should be adding to it …
The key to a comfortable retirement in South Africa is saving early and consistently. The topic of retirement in South Africa presents a significant challenge for most– one of the lowest among emerging countries. But even if you’re late to the savings party, there’s no reason to be despondent because you can always close the gap.
But what does this percentage of replacement income mean in practical terms and how can it be achieved? Basically, like the average retirement in South Africa, if you’re only able to saveof your annual salary – you’ve got to be able to survive on 30% of your salary in your retirement years. Jper month for retirement in South Africa to maintain a comparable lifestyle.
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