overnment employees who took early retirement packages in the past are struggling financially today. They cannot be re-employed into their old posts. This has resulted in many deciding not to take the early retirement offer that is currently on the table until the end of September, 2019.
I have also witnessed teachers and other public servants paying millions in taxes as they exercise the offer by government for those who qualify for early retirement.
LOOK AT THIS PART CAREFULLY ***** Most people take the smaller amount of money that is left after paying high taxes and use it to pay off their debts, buy furniture, renovate homes or buy cars. The sad part of this is that those who do this are also likely to end up without any money in a short space of time.
To ensure that public servants make the right decisions about their retirement packages, Phumelele Ndumo will be conducting talks for those who are 55 and above. The objective of the talks is to ensure that public servants do NOT waste their hard earned pension money by paying too much in taxes and most importantly, to ensure that their pensions last them for the rest of their lives.
You do not want to depend on your children or end up depending on SASSA.
7 questions to consider if you are going on Retirement
Below are some of the Frequently Asked Questions that we will be addressing in our seminars;
- Is it a good idea to take the early retirement package that government is offering?
- How can I ensure that I get maximum monthly pension from my money?
- I am thinking of buying property with my pension, what are your views on this?
- I hear some pensions do NOT last for the rest of your life, is this true?
- How can I make sure that my pension lasts me for the rest of my life?
- What happens when I die?
- How can I ensure that I pay less tax on my retirement package?
So if you are 55 years and older and you want to ensure that you make the most of your pension, contact Nonhlanhla who will be coordinating our seminars in the Durban and surrounding areas.
Date: Daily from Monday 8 July to Friday 12 July
Times: 9h30AM to 11am and also in the afternoon from 13h30 to 3pm, YOU NEED TO ATTEND 1 SESSION ONLY
Venue: Marianhill, Queen Nandi and Manor Gardens, CHOOSE THE VENUE NEAR YOU
RSVP: Nonhlanhla, phone or SMS or WhatsApp on 083 677 1504. Please book as we do NOT want too many people in each session
GIFT, those who attend will receive a copy of Phumelele Ndumo’s first book 7 Secrets why the rich own their homes