Saving for retirement as a young person

2012-08-28 20:20

Most of us as young people including the so called educated professionals are stupid.

When you get a job at 25 years, the sooner you start saving for old age.  What guarantee do you have that the lifestyle you are living today at 25 will be the same when you turn 65? You need to maintain your standard of living when you grow old and cant work anymore.

  1. 7.5% of retirement funding income
  2. R1 750

  1. 15% of taxable income from non retirement funding income
  2. R3 500 less your current pension fund contributions or
  3. R1 750

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