n Personal Finance Newsletter - Could you survive on less than R10 000 a month? : retirement planning
|Article Title||Could you survive on less than R10 000 a month? : retirement planning|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Apr 2015|
|Pages||9 - 10|
The average private pension received in South Africa in December 2014 was just R5 722. More than 85% of private pensions are below R10 000. That is according to recent figures released by BankservAfrica in its first Private Pensions Index, which gauges the monthly amounts paid into accounts of persons over the age of 60. It is the first survey of its kind in the country, and one of the few available worldwide.
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