Step 1: 

The longer you save and invest your money, the better. Why?  Because your retirement benefit grows exponentially through time, thanks to the magic of compound interest. 

However,  if you take a portion of this benefit in cash when you leave the Fund, you are essentially bringing all your retirement savings and plans to a massive halt. Not only will you be taxed heavily when doing so, you’ll also have to start all over again, and you now have far less time to try and catch up. 

Make sure you preserve your benefit if you leave your employer and continue saving as much as you can. 

Visit the BENEFITS menu item above, if you consider changing jobs

Step 2:

This is probably the best time of your life to start contributing more to your nest egg. Hopefully, you’re in a more secure financial position, and so making additional contributions is a real possibility. This may sound like a broken record, but if you can, add a little extra each month, because a little now can go a long way for your future. So let your savings flourish and blossom and ultimately bear fruit.  

Don’t let anything get in the way of your long-term financial planning. 

Read about your contributions and speak to a financial planner to find out whether you are still on your way to a comfortable retirement (see the details below)

Click here to read about your contributions

Step 3:

It’s likely that your kids have now matured.  By updating your Family Register form, you can ensure that your loved ones will be cared for in the event of your death. This may not be a pleasant topic to think about, but it is a very important one. Don’t let them down – they will need your support.

Update your Family Register Form whenever you get married, divorced or get a child (very important)

Step 4: 

Click here to read more about the Fund Investments.

Step 6: 

Get help and advice to help you plan for your journey to retirement and understand your benefits

Step 7:

Stay on top of what is happening in the Fund

And just for fun!

Become financially savvy and grow your wealth by playing our fun simulation

Click here to read short, interesting articles on how to become financially savvy

Click here to play our LivFin$mart Simulation