Reap the benefits of decades of hard work. Spend time on your hobbies, do community work or travel. To succeed, you need to save while you’re young.
… imagine reaching your retirement age without having saved adequately and ending up on a state pension of R1780-R1800 per month.
HOW TO SAVE FOR RETIREMENT
Most times cash is king but not when it comes to investing for your retirement. You want your money to grow at an inflation-beating rate (because inflation is your investment’s number one enemy). That means investing it in a retirement annuity so that you can benefit from compound interest and growth. Combine that with time (the number of years until you retire) and you have a winning combination. The more time your money has to grow the more you should have when you’re ready to say goodbye to your job.
Covering all your bases
The primary and most tax efficient way to invest for your retirement is to participate (by investing the maximum percentage of your salary that you can) in your company’s pension scheme and/or invest in a Retirement Annuity.
Other ways of supplementing your retirement savings – once you contribute your allowable 27,5% of your gross remuneration (limited to R350 000) to a pension fund or RA – is by investing in tax free savings accounts, a second property or a share portfolio.
Personal Financial Solutions
Leon Bart offers investment products, life and disability cover, funeral plans, short term insurance, financial advice and loans. Leon Bart also offers business-to-business solutions, such as asset management and employee benefits.
Saving & Investing
For the future or for something special
Saving for your children’s education
Securing your future financially
Life insurance that offers peace of mind
Covering unforeseen funeral costs
Personalised disability & severe illness cover