Pensioners’ retirement savings run out after 14 months
The 45th Sanlam Benchmark Survey has found that South African pensioners who take a cash lump sum at retirement on average deplete the money within a year and two months, mostly because many start planning for retirement in their mid-30s.” The reality before retirement… and after The report found that before retirement, respondents said they are still trying to build financial security while navigating job moves, rising living costs and growing debt.
The report shares insights on employee benefits, healthcare trends, and the financial behaviours of South Africans to help funds and employers improve retirement outcomes.
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