Facts AboutRetirement Planning
Respondents believe they will need between
70% and 89% of their current salary as income when they retire.
Apart from the attractive Tax breaks- there a plenty of other benefits to investing in a retirement annuity.
Take a look at some interesting Stats on retirement planning extracted from the OLD
MUTUAL SME EMPLOYEES BENEFITS MONITOR 2015 Survey:
The main factors that SMEs believe have the impact on members not preserving their retirement benefits are as follows:
The sooner; The better.Contact us for a Consultation
ONLY 54% of them believe they will
be in a position to self-fund retirement.
…But shockingly
81% Desire to access cash59% A lack of awareness of preservation options
58% Lack of advice on how to preserve 57% Withdrawal benefit is too small to preserve
50% Fear of making the wrong decision40% Cost of transferring to another fund
Clients listed the following as some of the reasons for selecting a certain retirement fund service provider:
34% Financial stability/ Stability
27% Fees charged
25% Reputation
20% Track Record
Top Related