Video: How much of their salaries South Africans replace in retirementBy crunching the data from 490 000 employees working across 6 300 employers, the Old Mutual SA Retirement Gauge 2022 showed some fascinating results when it comes to South Africans and their income in retirement. Watch as one of our senior investment consultants unpacks the findings.Video by Old Mutual Corporate | Date: 29 November 2022 | Watch time: 2 min

Multiples of annual salary is a tried-and-tested measure used by retirement specialist. It shows how much of a fund member’s salary they will manage to replace once they retire, based on what they contribute towards their retirement fund savings.

In mid-2022, Old Mutual Corporate Consultants did an in-depth analysis of the savings habits and retirement readiness of almost half a million South African employees who belong to umbrella funds through their employer's pension funds.

The result – the Old Mutual SA Retirement Gauge 2022 – had some valuable insights when it comes to how much of their income these retirement savers manage to replace beyond that day when they call it a day at work.

Watch this video to see Thabisile Simelane, a senior investment consultant at Old Mutual Corporate Consultants, unpack:

  • what multiple of annual salary pension fund members manage to achieve at retirement
  • what the outlook is for provident fund members
  • if there’s any value in staying invested in one fund for the majority of your career, and
  • how to calculate your multiple of annual salary yourself.

For more insights, read or download the entire Retirement Gauge in pdf format here.

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