Tips for Tito Mboweni to improve our retirement savings

Retirement savings reforms are essential if we are to boost the economy. This might include changing the retirement age to 65 to allow workers to accumulate enough, writes Rowan BurgerIt is time for the legislators to reassess the state of retirement savings in South Africa and chart their own course.Ours is a voluntary tax incentivised savings system.

Much has been achieved over the last decade to improve retirement outcomes. However, the reality is that without a broader focus on and the need for a few more bold reforms, our system will remain sub optimal. This clearly indicates that the current system misses its mark in terms of coverage and delivery of outcomes. .

Much of our workforce is informal or part time, which means the predetermined regular contributions required by the Pension Funds Act excludes them from meaningful participation. .

Kanti was it not 65 retirement age? Or trying to say both genders at 65?🤗

The 63 year old I work with gets to the office at 6 and 30 minutes after his arrival we hear loud snores... I am just saying. 🤷🏽‍♀️

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