Question:
Hi, What sort of interest can I expect on a retirement annuity with an initial contribution of R15000.00 plus another R500.00 per month.
Answer:
Stanley, If you are invested in a high equity portfolio, you can expect a long-term return (10 years or more) of around 5% pa above inflation, before fees on a R15 500 contribution.
The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.
