Real cost of retirement fees | Fin24
  • Moving Target

    What if FlySafair were to run embattled SAA? asks Ferial Haffajee.

  • Air Quality

    Activists acknowledge their court action is a 'baptism of fire' for Barbara Creecy.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.


Real cost of retirement fees

Oct 27 2016 14:34

In South Africa, only about seven to eight million of the general population has put measures in place for their retirement.

The South African National Treasury also indicates that only around 6% of the population will have enough money to retire comfortably, without having to change their standard of living.

One of the major contributing factors is that people simply do not know enough about the retirement products they are investing in.

Before choosing to invest in any retirement product, make sure you know how your money is being invested, what your asset allocation is and, most importantly, how much you are paying in fees.

10X Investments is a licensed Retirement Fund Administrator and Investment Manager, which provides a full range of services and products to investors. Instead of a plethora of investment options, 10X has one easy-to-understand investment strategy. 

When investing with 10X, your investment strategy is designed to take your time horizon into account. Your portfolio will track the index, avoiding the pitfalls of active management, while the asset allocation is optimised depending on how close you are to retirement. By adopting this strategy, 10X is able to charge you less in fees and ensure more of your money is invested.


Time to open your eyes

2019-06-04 11:05


Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SARS has lifted the tax return threshold from R350 000 to R500 000 per year. What are your thoughts on this??

Previous results · Suggest a vote