rules for women planning and saving for retirement
Make an early start
The sooner you start saving, the more time your investments have to grow.
Saving roughly 15% of your salary from the day you start working is essential.
20 years
10 years
Stay committed
30 years
40 years
Saving for 40 years is the recommended time horizon to ensure you have sufficient funds for retirement.
Don’t withdraw from your retirement pot 3
Withdrawing from your retirement savings early means the money is no longer available to grow, and you may face penalties and taxes.
Invest for the long term
Stay invested and continue contributing to your retirement annuity – this will allow the benefits of compound interest to accrue.
Investment Interest
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Invest for longevity
Women tend to live five years longer than men. As a result, women need to save more than men to compensate.
Always remain involved in financial decision-making to ensure a comfortable retirement for yourself and your family.
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Read our article for more retirement saving tips
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