Where I work there are rumors running that lots of us might face early retrenchment. Now if I decide after I might be one of the unlucky ones, to take my pension directly to a retirement/pension fund elsewhere, how do you know what monthly salary/pension you can get? Its never clear on any website like for example Old Mutual. Now I have emailed many and received back only 2 mails. Both of them basically a generic response with no hard figures given.
I can go in and make a proper appointment, but I cannot believe nobody can give me the figures.
Point is, I am 48 and far too young to go on retirement. But if I am left with no choice, then I will have to.
I just want to secure this income and will then after that look for another job or income.
Questions I have.
Can I get a monthly retirement salary at my current age?
Is it structured in a way that you still qualify for a yearly salary/pension increase?
Let's say my contribution is a round million for arguments sake.
How much can I realistically expect monthly from one of the big established companies like Sanlam etc?
I am going fishing now, so if I do not respond to questions for the day, please forgive me.
I can go in and make a proper appointment, but I cannot believe nobody can give me the figures.
Point is, I am 48 and far too young to go on retirement. But if I am left with no choice, then I will have to.
I just want to secure this income and will then after that look for another job or income.
Questions I have.
Can I get a monthly retirement salary at my current age?
Is it structured in a way that you still qualify for a yearly salary/pension increase?
Let's say my contribution is a round million for arguments sake.
How much can I realistically expect monthly from one of the big established companies like Sanlam etc?
I am going fishing now, so if I do not respond to questions for the day, please forgive me.
