Retirement annuity comparison for a lump sum investment
| Allan Gray | Satrix | |
|---|---|---|
| Most popular Reg 28 (balanced) passive fund | Nedgroup Investments Core Diversified Fund | Satrix Balanced Index Fund |
| Total Investment cost of above fund (incl VAT) | 0.39% p.a. | 0.62% p.a. |
What kind of investment is best for retirement?
Among the best choices for retirement income are balanced funds that own portfolios of stocks and fixed income, with a strong focus on dividends and interest income. But retirees also opt for fixed-income funds that invest exclusively in bonds.
What is the largest retirement fund in South Africa?
The Government Employee Pension Fund (GEPF)
The Government Employee Pension Fund (GEPF) owns R2. 3 trillion worth of assets, including 22% of MTN, 9% of Naspers, 15% of Standard Bank, and 18% of Sasol. The GEPF manages pensions and related benefits on behalf of government employees. It is Africa’s largest pension fund, with 450,000 pensioners and beneficiaries.
What is a good monthly retirement income in South Africa?
If you earn R15 000 per month now and use the 80% rule, you will need at least R12 000 per month after retirement to maintain your present standard of living.
What is the safest investment with the highest return?
Here are the best low-risk investments in June 2023:
- High-yield savings accounts.
- Series I savings bonds.
- Short-term certificates of deposit.
- Money market funds.
- Treasury bills, notes, bonds, and TIPS.
- Corporate bonds.
- Dividend-paying stocks.
- Preferred stocks.
What is the South African retirement plan?
What is SARAF? The South African Retirement Annuity Fund is a retirement annuity fund that was started in 1961 and is sponsored and administered by Old Mutual. It is registered with the Financial Sector Conduct Authority (FSCA) and the South African Revenue Services (SARS), as required by legislation.