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Looking to save for a big goal?

So you have something you want to save for, a house, a car, starting a business, a wonderful holiday. Cool, we want to help you do more than just save. We want to grow your money so that you have more than enough at the end. Let’s explore how much you would need and what you need to consider that will help you reach your goal.

A couple sit on the floor and smile at each other while she holds the keys to their new home.

Do you know why saving for a big expense is important?

How much do I need to save?

The examples set out in the table below show how much you would need to save to reach a goal. The table assumes an 8% gross growth rate on your savings and an annual premium increase of 5%. Growth rates can vary depending on your specific circumstances. The amount that you need to save might however differ depending on your specific circumstances and needs. Please do not rely purely on this table when making financial decisions. It's always important to get professional financial advice.

Estimated goal amount you’re saving for
Amount you will need to save over 5 years
Amount you will need to save over 10 years
Amount you will need to save over 15 years
R50 000

R640/month

R240/month

R120/month

R100 000

R1 280/month

R480/month

R240/month

R150 000

R1 920/month

R720/month

R360/month

R200 000

R2 560/month

R960/month

R480/month

R250 000

R3 200/month

R1 200/month

R600/month

Estimated goal amount you’re saving for:  R50 000
Estimated goal amount you’re saving for: R100 000
Estimated goal amount you’re saving for: R150 000
Estimated goal amount you’re saving for: R200 000
Estimated goal amount you’re saving for: R250 000
Amount you will need to save over 5 years

R640/month

Amount you will need to save over 10 years

R240/month

Amount you will need to save over 15 years

R120/month

Amount you will need to save over 5 years

R1 280/month

Amount you will need to save over 10 years

R480/month

Amount you will need to save over 15 years

R240/month

Amount you will need to save over 5 years

R1 920/month

Amount you will need to save over 10 years

R720/month

Amount you will need to save over 15 years

R360/month

Amount you will need to save over 5 years

R2 560/month

Amount you will need to save over 10 years

R960/month

Amount you will need to save over 15 years

R480/month

Amount you will need to save over 5 years

R3 200/month

Amount you will need to save over 10 years

R1 200/month

Amount you will need to save over 15 years

R600/month

Now that you get the picture, let's explore options for how you can save money.

For any big financial goal, you need to plan how you’re going to save for it. Start saving early, it will give your money time to increase in value. Be patient while your money grows. If you haven’t started saving for your goal, now is the time. Old Mutual has a range of products designed to help you save for that big expense.

Features

Tax Free Savings Account
Grow your savings without paying tax on the growth your money earns.
FutureInvest 4 My Goal
Helps you save for any goal that you may want to achieve in 10 years.
Flexible Plan
Choose how long you want to pay premiums, and how long you want to keep your money invested.
Unit Trusts
A highly flexible investment with a large selection of funds to choose from.

Starting premium

From R250/month
From R400/month
From R350/month
From R500/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I stop investing when I am no longer able to?

Can I invest online?

Tax Free Savings Account
Grow your savings without paying tax on the growth your money earns.

Features

FutureInvest 4 My Goal
Helps you save for any goal that you may want to achieve in 10 years.

Features

Flexible Plan
Choose how long you want to pay premiums, and how long you want to keep your money invested.

Features

Unit Trusts
A highly flexible investment with a large selection of funds to choose from.

Features

Starting premium

From R250/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I stop investing when I am no longer able to?

Can I invest online?

Starting premium

From R400/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I stop investing when I am no longer able to?

Can I invest online?

Starting premium

From R350/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I stop investing when I am no longer able to?

Can I invest online?

Starting premium

From R500/month

Is my investment growth tax free?

Can I access my money when I need it?

Can I choose funds outside Old Mutual?

Can I stop investing when I am no longer able to?

Can I invest online?

*It's important to read and understand the terms and conditions of each product.
Why save for a big expense?It’s always wise to save towards a big expense. If you get a loan, you will have the burden of paying a lot of money in interest. Good thing is, when you have saved, you owe no one a cent.

How to save for your goal?

Is saving for your goal making life difficult for you? Taking away all the vibe that comes with having extra cash? 

Tell you what, it’s worth it! 

Keep saving for your car, house or for that cool renovation. Start saving sooner and do it for as long as you can. Be patient while your money grows. You are more likely to cash in on good growth this way. 

Stay focused on what’s important and don’t lose sight of your goal. 


A South African couple research saving and investment products online using a laptop.
Know it so you can grow it

Here’s some great reading to get your head around investing.