UCT Retirement Fund

1
UCT Retirement Fund

• Planning forRetirement
• When to start?
• Ann Tilney, Principal Officer, UCTRF

2
When to start?

• NOW
• (or the sooner the better)
• REMEMBER
• It is not as hard as you think
• It is more important than you think

3
FINANCIAL ADVICE

• HR UCTRF
• Provide Information Not Advice
• (We are not financial advisors)
• ADVICE
• Should be Professional, Independent take all
  needs into account

4
To start your Financial Plan

• Prepare the following for your household-
• Your budget (income, expenses monthly and
  infrequent)
• A list of all debt (bond retail accounts, credit
  card etc)
• A list of all investments (savings, unit trusts,
  properties etc)
• A list of all policies (who with and what cover
  provided etc)
• Think about your goals (short, medium and long
  term)
• Find a financial advisor you trust

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Decisions you must make Pre-retirement

• In which portfolios to invest your UCTRF
  retirement savings
• What other saving/investment/debt reduction
  strategies do I need/have?
• How much to invest minimum or more?
• Level of death disability cover

6
UCTRF - Additional Savings for Retirement

• Annual Cost of Employment (CoE) with
  default Deemed Pensionable Amount (DPA)
• Up to R150 000 70
• R150 001 to R250 000 75
• R250 001 to R400 000 78
• R400 000 80
• Flexible DPA - can inc/decrease DPA between
  guideline 100 of CoE _at_ CoE time each year
• Increases retirement savings risk cover.

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UCTRF - Additional Savings for Retirement

• Additional contribution as a of Annual Deemed
  Pensionable Amount (DPA)
• 2,67 per annum - 2 months pens. service p.a.
• 5,34 per annum - 4 months pens. service p.a.
• These payments are made by the employer and are
  not subject to tax. (No additional costs)
• The contribution goes directly to your
  retirement savings

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Website Addresses

• UCT Human Resources Website
• http//hr.uct.ac.za
• For the c.o.e. budget calculator select
• http//196.15.208.134/uct/
• UCT Retirement Fund Website
• http//www.uctrf.uct.ac.za/
• For the UCTRF retirement calculator select
  Toolbox

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Thank you for listening!

• ANY QUESTIONS?