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July is National Savings Month in South Africa. Is there more you can be doing as an employer to help your employees save towards their future financial security?
While the widening gap between expectations and the financial realities of life in retirement is an issue that faces people across the globe, the situation appears to be particularly dire for South Africans. This is according to the Schroders Global Investor Study 2018, a survey conducted by global asset management firm, Schroders, of over 22,000 wealth investors* across 30 countries[1].
Compound interest has been called the eighth wonder of the world, and with good reason. The power that this seemingly boring financial concept has to grow your money is nothing short of magical.
Introduced in March 2015, tax-free investments have now been available to investors for three years. While this remains a relatively short history in terms of investment horizon, we are now able to see more clearly how investors are benefiting from the tax savings they offer.
The strongest deterrent against FSP compliance missteps is or should be: