South Africans are lucky to have a variety of savings and investment options available to achieve their financial goals. This may be for long-term wealth creation, medium-term goals (like saving for a deposit on a house) or short-term emergency funds that need to be available immediately.
For most South Africans, saving towards retirement is still by far the most popular way to build long-term wealth, via a retirement annuity (RA) or an employer’s provident and pension funds.
The benefits of saving
via these products include:
● Immediate tax benefits as the amount saved gets deducted
