Ray White interviewed Erhard Theunissen, Corporate Consultant at Old Mutual Corporate Consultants, on The Money Show.
Theunissen discussed five reasons to use you your retirement fund to boost retirement savings:
It’s very tax efficient.
The growth on retirement investments is tax free.
It’s cost effective.
There’s no estate duty on retirement investments.
- Retirement fund savings can’t be touched by creditors.
Scroll down for quotes from the audio below.
If you earn R10 000 you can contribute R2750 and only get taxed on R7250.— Erhard Theunissen
There are no hidden costs in retirement funds.— Erhard Theunissen
Your creditors can’t touch your retirement fund savings.— Erhard Theunissen
You’ll never retire comfortably if you’re too conservative.— Erhard Theunissen
You should save at least 15% of your salary every month for 40 years.— Erhard Theunissen
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