Will your pension be used to bail out Eskom?

I read with sadness that Government is considering using GEPF funds to bail out Eskom and other struggling SOEs. The fund is worth R1,8 trillion and is reported to have had a long – term funding surplus of R9,1 billion in 2006. But by 2018, the fund surplus is gone and the fund now has a deficit of R583 billion. This is a fund in serious financial trouble and it is not fair to the members and pensioners alike to even consider using the funds to bail out anyone.

In this video we share with you how to pay less tax on your pension if you want to retire outside of the GEPF and most importantly, how to make your pension last you for the rest of your life. It is important to get good financial advice if you want to retire outside of the GEPF so please email us

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