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#AskaFinancialPlanner: What is the best retirement fund solution for a small company?

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Q

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


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A

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.

 

 

 

 


Disclaimer: The information above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed by HomeTimes and Money Wise Associated Financial Services CC. Any expression of opinion is personal to the author and the author makes no guarantee of any sort regarding accuracy or completeness of any information or analysis supplied.
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Mariette Steynberg is a qualified economist with a post-graduate diploma in financial planning. She has enjoyed working on holistic financial plans for clients in various stages of life, as well as a development economist assessing the socioeconomic impacts of new developments. When she is not working, Mariette enjoys parenting her quirky, delightful toddler girl. Cloth diapering, Eskimo kisses and the importance of reading to your child are all causes close to her heart. Mariette is passionate about financial education and hopes to use the experience she has gained to share knowledge with HomeTimes’ readership. Her goal is to provide information that is implementable by everyone.

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