retirement &
Napier Village
With the 2.25% drop in the interest rate this year, the expected
interest for the year drops to R11,500. That’s around 38% less,
which could have a significant effect on one’s wellbeing.
Withdrawing income
People who rely on a monthly income from their cash
investments will need to factor in a reduced growth rate,
and live off a slightly smaller amount each month. This may
be manageable during the lockdown period, as – for most
people – daily expenses are generally lower. If, however, your
circumstances are such that you need the full amount that you
usually withdraw, it means that your money may run out sooner
than your calculations predicted.
16 B I O D E S I G N