What I learnt about pension

I turned 55 in January and i learnt some hard facts about pension

.takes long to cash in

.all companies informs Sars that you are retiring and if you owe taxes Sars takes their portion and you get bal

.first 500 000.00 is tax free and above that you pay tax

. The company where you invested eat into your investments via fees

.saving is not enough one needs other sources of income and finding this fact at retirement will be devastating 

Lesson

Be debt free as early as possible and put away more earlier 

Increase sources of passive income

Check your lifestyle costs

There wont be a chance to dust off your cv and go looking for job after 65

We as DNIPRENEURS know these 

DNI Business challenging the status quo