Finweek English Edition - - MONEY -

Her cur­rent em­ployer does not of­fer a pen­sion or prov­i­dent fund. I ad­vised that she needs to start con­tribut­ing to a re­tire­ment fund in her per­sonal ca­pac­ity. We dis­cussed the pos­si­bil­ity of start­ing a re­tire­ment an­nu­ity at R500 per month, but af­ter con­sid­er­a­tion she would like to start this in the near fu­ture as she has other per­sonal com­mit­ments to take care of at the mo­ment.

She was also ad­vised to have a will drafted as her brother and sis­ter are fi­nan­cially de­pen­dent on her and are both mi­nors and there­fore can­not man­age the as­sets she leaves to them.

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