ANALYSIS | Here's how big South Africa's pension gap is | Fin24

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Fewer than half of employed people contribute to a pension or provident fund, writes Andrew Donaldson. Income support for the unemployed, and fiscal assistance for retirement fund membership below the tax threshold, are needed.

There are also large numbers of workers in formal employment who do not have retirement fund membership.

Out of 16 million employed people under the age of 65, only seven million contribute to pension or provident funds, saysSubscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

 

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