It's never too early to start. Learn the basics of retirement accounts.
Retirement Annuity / Pension Fund / Provident Fund / TFSA
South Africa's retirement system includes Retirement Annuity / Pension Fund / Provident Fund / TFSA. Understanding your options is key to securing your future.
System
Retirement Annuity
South Africa's primary vehicle
Currency
ZAR
Savings in R
Best Strategy
Start early
Compound interest rewards time
Regulator
FSCA
Oversight body
See how consistent investing grows over time.
R200/month
30 years
7%
Estimated Balance
R243,994
Contributed: R72,000
Interest earned: R171,994
R200/mo for 30yr at 7%
Simulation only. Actual returns vary and are not guaranteed.
NOW.
Every year you delay costs you significantly. Starting at 25 instead of 35 with R200/month at 7% means significantly more by retirement. Small consistent investments build serious wealth.