The uncomfortable truth about retirement in South Africa - Rands and Sense by 10X [video]

In our second Rands & Sense episode, our Investment Consultant lead, Andre Tuck, discusses the poor savings culture in South Africa and what South Africans can do about it. We touch on retirement savings, tax-free savings accounts, living annuities and everything else South Africans should know about retiring comfortably.

Did you know you can speak directly to Andre about your retirement planning? There are no call centres at 10X, just experience consultants ready to help. Get in touch now.

• 07:00 The lack of financial education in South Africa
• 16:00 How much should I save for retirement?
• 25:00 Tax benefits of retirement annuities
• 28:00 Tax-free savings accounts
• 31:10 Underlying investment structures of your retirement annuity
• 38:00 Living annuity vs life annuity: what is better for you?
• 50:00 Savings and your lifestyle
• 65:00 The massive negative impact of high fees on your retirement
• 71:00 What should you expect from your investment manager or financial advisor or broker

Rands and Sense by 10X is a video platform dedicated to giving South Africans the information they need to feel confident in making informed decisions about their financial futures. At 10X We believe that the basic building blocks of a comfortable financial future can be understood by everyone, and that everyone should feel empowered to make investment choices they believe in, as they pursue the future they want.