#AskaFinancialPlanner: What is the best retirement fund solution for a small company?
Hi, I run a small cleaning company employing six individuals. I would like to start contributing towards a retirement fund for my employees. What would be the best solution for a small company? I would like it if my employees can manage their contribution independently while I contribute a set percentage. Thank you, Busi
Hi Busi. Most financial service providers do offer group scheme benefits for small businesses. An important aspect to consider is whether you would like to address the need for retirement savings only, or a combination of retirement savings and basic benefits such as life cover, disability and funeral expenses. A variety of options are available to ensure that your cleaning business is the best cleaning business to work for.
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Donovan is a financial advisor at Money Wise Associated Financial Services who believes in challenging the status quo on how financial advice is currently delivered to clients. He takes pride in showing his clients that financial and other goals are attainable through appropriate planning and affordable solutions. Donovan has completed his Masters in the field of Financial Economics, Honours in Investment Management with distinction and Bachelors of Economics with distinction.