Retirement / Savings & Investments

Glimmers of hope as investors start saving again

“An individual cannot save SA” – Moeletsi Mbeki

Aligning your savings plan to your life stage

In the middle of a crisis it can be difficult to quiet the storm. However, it is important to keep sight of your long-term goals and ensure that your financial plan will continue to meet your needs appropriately as you move through life.

Retirement funds can help to stimulate savings levels

Government’s attempt in the recent budget speech to encourage South Africans to save more is welcomed. The annual investment limit in Tax Free Savings Accounts was increased from R33 000 to R36 000. However, this move is unlikely to spark any real change in South Africans’ savings behaviour.