The next DAILY MAVERICK op-ed by Bruce Cameron says by adding five years to your working life, you can improve your retirement savings by about 20-30% and reduce the time you will spend living off your savings. Just CEO Deane Moore provides an example of how delaying retirement can help you.
Clearing up the confusion about annuity products
PERSONAL FINANCE clears up some confusion regarding annuities, including converting from a living annuity to a life annuity. Just's Segabe Ditodi contributes to the article and provides insight into the broader process.
Tax-efficient ways to save for retirement
Only 6% of South Africans will be able to retire comfortably, according to National Treasury. Further to this, the Just Retirement Insights survey conducted by Just SA estimates that there is a 22% shortfall between expectations and actual retirement provisions based on current annuity rates.
How a voluntary purchase annuity can save you tax in retirement
Consider tax when choosing an income vehicle in retirement. Compared to unit trusts for example, a tax-efficient annuity can help to provide you with the highest possible income.