Set yourself up for a successful retirement
The most important thing you can do to secure your financial future is to start saving for your retirement as soon as possible.
But where do you start? When you join a company, you will be given the option of invest in a pension or a provident fund, each of which have different benefits and potential drawbacks.
For instance, if you are invested in a pension fund at retirement, you can take a maximum of 1/3 as a cash lump sum. The rest of the money is invested in a pension annuity, which pays out an income every month based on the capital you have at retirement.
Alternatively, investing in a provident fund allows you to take the full amount as a cash lump sum, leaving you with the responsibility of making sure it lasts you through your lifetime.
These are not easy decisions and will make the difference between a financially secure or a stressful retirement. Holborn Assets can help you put together a holistic plan of what you want for your retirement so that you can make the right choices now and benefit from them in the many years to come.
Ready to chat with
a specialist?
Get started
Reviews of Holborn Assets
You may also be interested in
FATF Grey List: Should South Africans be afraid about their financial plans?
Is it true that grey clouds gather over South Africa’s economy? Recent media reports have noted that South Africa is at risk of being placed on the FATF’s Grey list...
Read moreSouth African tax season has begun: What’s new?
The South African tax filing season for 2022 has begun with the deadlines already announced on media. Due to a number of technical issues that have arisen with the electronic...
Read moreMoving to South Africa Expat Guide
Are you thinking about moving to South Africa? Many people refer to South Africa as the “rainbow nation” due to the country’s multinational diversity. South Africa is a country that...
Read moreLife insurance cover for different life stages
“Fun is like life insurance; the older you get, the more it costs” is a popular quote you might find when looking for life insurance cover on the internet. This...
Read more