Life cover & employee benefits

Commrisk Life is licensed to provide various life products and employee benefits.

Retirement Planning

While everyone would like to retire comfortably, the complexity and time required to build a successful retirement plan can make the whole process daunting.

However, it can often be done with fewer headaches (and financial pain) than you might think - all that's required is a little homework, an attainable savings and investment plan, and the right advisers.

In short, retirement planning is the process of identifying your wants and needs, developing plans to achieve them, acting on those plans and reviewing and revising them as you gain new knowledge and experience.

  • Retirement annuities
  • Provident & pension funds
  • Post & pre-retirement plans
  • Preservation plans

Have a look at this table, which shows the huge difference 5 years can make when it comes to starting retirement planning now! Calculate what your contribution needs to be pm in order to retire at the same standard of living.

Retirement income required in today's terms Retirement capital required at age 60 in today's terms Monthly contribution needed in terms of the number of years to retirement
10 15 20 25
10 000 2,500,000 9,000 4,000 2,000 1,000
20 000 5,000,000 18,000 8,000 4,000 2,000
30 000 7,500,000 27,000 12,000 6,000 3,000
40 000 10,000,000 36,000 6,000 8,000 4,000
50 000 12,500,000 45,000 20,000 10,000 5,000

 

An Authorised Financial Services Provider' FSP No.13839

Fourways View Office Park, Block A, 1210 Sunset Boulevard, Lonehill Ext44, Gauteng

T   011 840 7000

E   queries@commrisk.co.za

www.commrisk.co.za

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