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% 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 UCTRF might not be enough and you may have to either increase your contributions to the UCTRF 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 will have enough to retire. 

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

  • Pension increases are linked to increases in the CPI.
  • The monthly pension and pension as a percentage of CoE quoted are pre-tax. 

 
MY INFO (please complete)
1. Date of Birth?
2. Gender
Male
Female
3. Total Cost of Employment (CoE)
R  
Per month - Refer to payslip
4. Deemed Pensionable Amount (DPA)
%
5. Are you a Deferred Pensioner or Phased Retiree?
Yes
No
6. Salary increase month
7. Future salary increases (p.a.)
6%
8. Deemed employer contribution rate
OTHER SAVINGS OUTSIDE THE FUND
9. Additional voluntary contributions per month
of Fund salary
10. Other savings outside of the Fund
R  
lump sum
MY BENEFITS IN THE FUND (please complete)
11. Current Fund Credit
12. Date of Fund Credit
The date of your benefit statement
13. MY FUND INVESTMENTS
Individual Investment Choice
YOUR REQUIREMENTS WHEN YOU RETIRE
14. Expected retirement age
The normal retirement age is 65
15. % to be taken in cash at retirement
%
16. Include spouse's pension on death
If you will have a spouse when you retire one day
ASSUMPTIONS
17. Future inflation (p.a.)
5% 
18. Total expense & insured benefit premium rates
2.3276% 


Our Contact Details

 



Enquiries

021 650 2934

Please send all comments or questions to:
UCTRF-enquiries@uct.ac.za

Fund website:
www.uctrf.co.za