Retirement Planning Statistics

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Facts About Retirement Planning Respondents believe they will need between 70% and 89% of their current salary as income when they retire. Apart from the attractive Tax breaks- there a plenty of other benefits to investing in a retirement annuity. Take a look at some interesting Stats on retirement planning extracted from the OLD MUTUAL SME EMPLOYEES BENEFITS MONITOR 201 5 Survey: The main factors that SMEs believe have the impact on members not preserving their retirement benefits are as follows: The sooner; The better. Contact us for a Consultation ONLY 54% of them believe they will be in a position to self-fund retirement. …But shockingly 81% Desire to access cash 59% A lack of awareness of preservation options 58% Lack of advice on how to preserve 57% Withdrawal benefit is too small to preserve 50% Fear of making the wrong decision 40% Cost of transferring to another fund Clients listed the following as some of the reasons for selecting a certain retirement fund service provider: 34% Financial stability/ Stability 27% Fees charged 25% Reputation 20% Track Record

Transcript of Retirement Planning Statistics

Page 1: Retirement Planning Statistics

Facts AboutRetirement Planning

Respondents believe they will need between

70% and 89% of their current salary as income when they retire.

Apart from the attractive Tax breaks- there a plenty of other benefits to investing in a retirement annuity.

Take a look at some interesting Stats on retirement planning extracted from the OLD

MUTUAL SME EMPLOYEES BENEFITS MONITOR 2015 Survey:

The main factors that SMEs believe have the impact on members not preserving their retirement benefits are as follows:

The sooner; The better.Contact us for a Consultation

ONLY 54% of them believe they will

be in a position to self-fund retirement.

…But shockingly

81% Desire to access cash59% A lack of awareness of preservation options

58% Lack of advice on how to preserve 57% Withdrawal benefit is too small to preserve

50% Fear of making the wrong decision40% Cost of transferring to another fund

Clients listed the following as some of the reasons for selecting a certain retirement fund service provider:

34% Financial stability/ Stability

27% Fees charged

25% Reputation

20% Track Record