{"id":1017,"date":"2025-04-06T13:18:32","date_gmt":"2025-04-06T11:18:32","guid":{"rendered":"https:\/\/www.dorman.co.za\/dorman_test\/?page_id=1017"},"modified":"2025-05-08T18:18:06","modified_gmt":"2025-05-08T16:18:06","slug":"retirement-funding","status":"publish","type":"page","link":"https:\/\/www.dorman.co.za\/?page_id=1017","title":{"rendered":"Retirement Funding"},"content":{"rendered":"<div id=\"pl-1017\"  class=\"panel-layout\" ><div id=\"pg-1017-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-1017-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-1017-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><span style=\"color: #000080;\">Retirement Funding<\/span><\/h2>\n<h6><strong>Retirement Planning: Setting Up a Retirement Fund for Employees<\/strong><\/h6>\n<h6>Helping employees save for retirement is not only a key part of financial wellness but also an important way to attract and retain talent. Here's how an employer can set up an appropriate retirement fund:<\/h6>\n<ol>\n<li>\n<h6><strong> Understand Your Objectives<\/strong><\/h6>\n<\/li>\n<\/ol>\n<h6 style=\"padding-left: 40px;\">Start by defining the goals of the fund:<\/h6>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h6>Do you want to offer basic retirement savings or a more comprehensive benefit?<\/h6>\n<\/li>\n<li>\n<h6>Will the fund include risk benefits like life and disability cover?<\/h6>\n<\/li>\n<li>\n<h6>The group risk policy can be owned by the company - refer to <strong>Group Risk Benefits<\/strong><\/h6>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"2\">\n<li>\n<h6><strong> Choose the Right Type of Fund<\/strong><\/h6>\n<\/li>\n<\/ol>\n<h6 style=\"padding-left: 40px;\">There are several options, including:<\/h6>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h6>Pension Fund<\/h6>\n<\/li>\n<li>\n<h6>Provident Fund<\/h6>\n<\/li>\n<li>\n<h6>Umbrella Fund<\/h6>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"3\">\n<li>\n<h6><strong> Determine Contribution Structure<\/strong><\/h6>\n<\/li>\n<\/ol>\n<h6 style=\"padding-left: 40px;\">Decide on:<\/h6>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h6>Employer and employee contribution rates (e.g. 10% employer, 7.5% employee)<\/h6>\n<\/li>\n<li>\n<h6>Whether contributions will include group risk benefits (life, disability, severe illness)<\/h6>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"4\">\n<li>\n<h6><strong> Select a Reputable Provider<\/strong><\/h6>\n<\/li>\n<\/ol>\n<h6 style=\"padding-left: 40px;\">Partner with a licensed retirement fund administrator or investment provider that offers:<\/h6>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h6>Transparent fees<\/h6>\n<\/li>\n<li>\n<h6>Strong investment performance<\/h6>\n<\/li>\n<li>\n<h6>Member communication and education tools<\/h6>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"5\">\n<li>\n<h6><strong> Ensure Compliance<\/strong><\/h6>\n<\/li>\n<\/ol>\n<h6 style=\"padding-left: 40px;\">Work with a financial adviser to:<\/h6>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h6>Ensure the fund complies with retirement legislation (e.g., Pension Funds Act)<\/h6>\n<\/li>\n<li>\n<h6>Understand tax implications for both employer and employees<\/h6>\n<\/li>\n<li>\n<h6>Register the fund with the Financial Sector Conduct Authority (FSCA) if required<\/h6>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"6\">\n<li>\n<h6><strong> Communicate with Employees<\/strong><\/h6>\n<\/li>\n<\/ol>\n<h6 style=\"padding-left: 40px;\">Effective communication helps employees understand:<\/h6>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h6>Their benefits<\/h6>\n<\/li>\n<li>\n<h6>How to make additional voluntary contributions<\/h6>\n<\/li>\n<li>\n<h6>How to access financial advice<\/h6>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h6><strong>Why Financial Advice Is Key<\/strong><\/h6>\n<h6 style=\"padding-left: 40px;\">A qualified financial adviser:<\/h6>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h6>Helps structure a cost-effective, tax-efficient fund<\/h6>\n<\/li>\n<li>\n<h6>Ensures compliance with legislation<\/h6>\n<\/li>\n<li>\n<h6>Assists in selecting the right service providers<\/h6>\n<\/li>\n<li>\n<h6>Offers education and one-on-one guidance to employees<\/h6>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h6>By offering a well-structured retirement fund, employers show they care about their employee\u2019s long-term well-being\u2014while supporting financial security and peace of mind.<\/h6>\n<h6>\u00a0\u00a0\u00a0 <em>For further information and advice on this subject contact <span style=\"color: #339966;\"><a style=\"color: #339966;\" href=\"mailto:nigel.ritchie@adviceworx.co.za\">Nigel<\/a><\/span> at <span style=\"color: #339966;\">ADVICEWORX ADVISORY<\/span>.<\/em><\/h6>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-1017-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-1017-0-1-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-1017\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.dorman.co.za\/wp-content\/uploads\/2025\/04\/Dorman-Pic-RetirementFunding-scaled.jpg\" width=\"2560\" height=\"1708\" srcset=\"https:\/\/www.dorman.co.za\/wp-content\/uploads\/2025\/04\/Dorman-Pic-RetirementFunding-scaled.jpg 2560w, https:\/\/www.dorman.co.za\/wp-content\/uploads\/2025\/04\/Dorman-Pic-RetirementFunding-300x200.jpg 300w, https:\/\/www.dorman.co.za\/wp-content\/uploads\/2025\/04\/Dorman-Pic-RetirementFunding-1024x683.jpg 1024w, https:\/\/www.dorman.co.za\/wp-content\/uploads\/2025\/04\/Dorman-Pic-RetirementFunding-768x512.jpg 768w, https:\/\/www.dorman.co.za\/wp-content\/uploads\/2025\/04\/Dorman-Pic-RetirementFunding-1536x1025.jpg 1536w, https:\/\/www.dorman.co.za\/wp-content\/uploads\/2025\/04\/Dorman-Pic-RetirementFunding-2048x1367.jpg 2048w, https:\/\/www.dorman.co.za\/wp-content\/uploads\/2025\/04\/Dorman-Pic-RetirementFunding-272x182.jpg 272w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" title=\"Dorman-Pic-RetirementFunding\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Retirement Funding Retirement Planning: Setting Up a Retirement Fund for Employees Helping employees save for retirement is not only a key part of financial wellness but also an important way to attract and retain talent. Here&#8217;s how an employer can set up an appropriate retirement fund: Understand Your Objectives Start by defining the goals of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1017","page","type-page","status-publish","hentry","post"],"_links":{"self":[{"href":"https:\/\/www.dorman.co.za\/index.php?rest_route=\/wp\/v2\/pages\/1017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dorman.co.za\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.dorman.co.za\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.dorman.co.za\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dorman.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1017"}],"version-history":[{"count":21,"href":"https:\/\/www.dorman.co.za\/index.php?rest_route=\/wp\/v2\/pages\/1017\/revisions"}],"predecessor-version":[{"id":1162,"href":"https:\/\/www.dorman.co.za\/index.php?rest_route=\/wp\/v2\/pages\/1017\/revisions\/1162"}],"wp:attachment":[{"href":"https:\/\/www.dorman.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}