FosterUnder3: Namibia's New Pension Regulation
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- čas přidán 5. 09. 2024
- In the latest episode of FosterUnder3, we break down the new and already infamous pension regulation, and how best you can make your opinion on it matter.
Researchers:
Etuna Hango: www.linkedin.c...
Lorenzo Iipinge: www.linkedin.c...
Fimanekeni Mbodo: www.linkedin.c...
#LearnConnectGrow
Thanks for the information and it is so disappointing to know that even with the unpredictable economic climate the world is drowning in, Mr. Shiimi, wants to make life difficult for others. That is extremely lack of foresight and carelessness towards the middle-income workers of our society.
Whoever came up with that idea should preserve his/her own pension including that of their relatives. We not stupid and their filthy hands off our money please!!!!
Hi guys! Great informative videos! Really enjoyed them. Could you guys also explain cryptos and how the laws/banking systems here may affect their purchase?
I don't think your monthly benefit will be that much. If your N$75 000 grows to, as you say, N$115 000, then, at age 55, your withdrawal would be 4% (the industry guide): N$383 per month! And that's in, say, 20 years time, when inflation means that N$383 is worth even less.
Hi there😃
Thank you so much for the input. The figures were purely for illustrative purposes, but maybe we can create follow up content that is a bit more technical?
@@FosterNamibia Great. I was thinking today of a 'share' pension scheme. So, if an employee at Clicks in 2002 earned N$1500 a month they could have put N$150 into Clicks shares, that could be matched (like a pension scheme) by the employer. Using that approach their overall investment (totally flexible - you can sell any amount any time) would be worth N$1.5 million and their dividend payout (increasing every year) would be N$2 000 a month. The overall investment would grow - the dividends would grow ...
@@robintyson591 I like the idea, they should look into this but what about the public servants?
@@franciscusvanwyk7387 You are right. But for the private sector it's a winner I think. For public servants of course they are trapped into the GIPF funds or equivalent (with 45% invested by law in Namibia!). So if you have any excess money to invest each month I would suggest something more diversified - a global MSCI World ETF for example. That also has the advantage of being YOURS - so you have full control over how much you put in, and you can, of course, at any time withdraw whatever you want - no '25%' rules that will soon apply to Namibian pension funds!
Brilliant 👏 👏 👏 👏
Total BS.