Planning for retirement can be difficult in an environment where even the cost of a car service can be a nasty surprise. And those who diligently save for retirement can be at risk if they don't manage the threats of low growth, high costs or a too-short savings horizon. These risks were highlighted in recent findings of a benchmark survey published in last week's Money.

The survey found funds believe only 20% of South Africans are on track to retire with a reasonable level of their pre-retirement income and that retirees should invest at least 15% of their salary for between 30 and 40 years to be able to retire in some comfort. Let us touch on each of these risks...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now