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Retirement Provision Calculator 

Will I have enough to have a future of dreams?

Most of us will reach retirement one day, but not all of us will be able to retire in comfort.  In fact, only 6 percent of all people can retire financially secure.  It is therefore important that you start saving for retirement as soon as possible. 

Your benefit in the UCT Retirement Fund might not be enough and you will most probably have to either increase your contributions to the UCT Retirement Fund or use other vehicles to increase your savings for retirement.  

 Don’t leave it too late, start now! 

The retirement provision calculator below will give you an indication of whether you have enough to retire on. 

The calculator below will indicate the level of pension expected relative to pre-retirement Fund Salary based on the following assumptions:

  • pension increases are linked to increases in the Consumer Price Index;
  • the monthly pension and pension as a percentage of Total Cost of Employment quoted are pre-tax. 
Please note that this is not a financial planning tool and will only give you an indication. For assistance with planning for your retirement, please contact a FAIS-accredited financial advisor of your choice.

 

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