TAFTA Fun Walk

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The recent TAFTA fun walk/run was a huge success, thanks to our wonderful supporters and friends who came out to join in the fun. We were very lucky to have  clear blue skies – the perfect weather to enjoy a morning out on the beach promenade. Great fun was had by all who attended, especially those who wore their funkiest socks for the occasion. Congratulations to our winners Joseph Mangluwaye who won the 5km and Liz Gallias who won the 2km.  A special thank you goes out to all our […]
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Pension increases unlikely to beat inflation

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Take home pay continues to increase, but pension increases are slowing, with retirees facing below-inflation increases because investment returns are sluggish. According to the latest Bankserv/Africa Private Pension Index (BPPI), the average nominal annual increase in private pensions was 7.8 percent in February – to R5 992 per month –compared with 9.1 percent increase in take-home pay. Mike Schussler, chief economist at Economists.co.za, says it is unlikely that pension increases will continue to beat inflation, because equity market returns are barely out-performing inflation and interest rates are just above inflation. […]
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Early retirement puts your financial future at risk

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If you retire early – whether by choice or because you are forced to do so by your employer – your monthly pension could be considerably lower, creating financial hardship in later life. Retiring just 5 years earlier – at age 60 rather than 65 – after having contributed to a pension fund since the age of 20 could result in your pension being 27 percent lower. Retiring 10 years early could reduce your monthly pension by 47 percent. Pensions are significantly lower because, not only will you have saved […]
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