Retirement / General

How to manage your living annuity in uncertain times

The primary goal of a living annuity is to provide a reasonable level of income that keeps up with inflation and lasts for the rest of the annuitant’s life. A common secondary goal is to leave a capital legacy for beneficiaries. There are four long-term rules to facilitate achieving the primary goal.

Furloughs, salary reductions and reduced contributions – how COVID-19 could impact your provident fund

Provident funds are one of the most important savings mechanisms for most fully employed South Africans, accumulating a nest egg that is meant to sustain an employee when they retire.

Strengthen your retirement plan: activate the right levers

Your retirement fund is not an ATM

In these current market conditions, if you have a job, hold on to it. This is logical.