Paul Leonard
3 minute read
20 Sep 2021
5:00 am

SA’s retirement fund conundrum – and how financial advisors can navigate it

Paul Leonard

Having plenty of savings for retirement is a futile exercise when you can't put food on the table while you're young.

Financial health and savings. Picture: iStock

In the weeks prior to the Medium-Term Budget Policy Statement (MTBPS), South Africans await more clarity from National Treasury on their proposal for limited pre-retirement withdrawals and the logistics required to make this happen. Now is the ideal time to take a closer look at why this proposal arose and which key questions still need to be answered.  There are some things in life that are “easier said than done” – and for many, saving adequately for retirement falls into that category. We know that to retire successfully, we should simply start saving as early on as our first payday,...