It’s a matter of fact:
• You will receive between 480 and 540 pay cheques before you retire and will require approximately 300 cheques from your savings in retirement.
• No more than 6% of South Africans will be able to retire financially independent.
• 47% will be dependant on family, 31% will be forced to continue working after retirement and 16% will depend on a state pension.
• 50% of pensioners face increasing responsibilities such as dependants and 29% still have debt
• The average member from a retirement fund will draw a pension equivalent to just 28% of their final salary.
• Life expectancy for pension fund members retiring at 65 is a further 17 years for men and 22 years for women.
• More than 60% of your retirement benefit is accumulated in your first 20 working years yet,
• Less than 10% of members leaving employment prior to age 40 preserve their benefits and barely 1% under the age of 25.
• Majority of South Africans start planning 10 or 15 years prior to retirement which is too late
• Almost 75% of pensioners get a pension of less than R10,000pm.
• During retirement you can expect to spend 60% of the total amount you spend on health care during your lifetime yet.
• Less than 5 % of members are saving for the provision to afford a medical aid in retirement.

Mind the GAP and Start PLANNING today !!!

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