How to save for your goals
Our savings plan options can help you save for retirement, your child's education and other long-term personal goals. Start saving regularly from only R500 per month and sometimes add a lump sum. Enjoy added benefits like a bonus for staying invested or the option of taking a payment break.
Retirement savings plan
Save for retirement in such a way that you pay less tax. Grow your retirement savings with a retirement annuity and other long-term savings plans, so you can draw regular income during your retirement.
Education savings plan
Saving for your child’s education is your most valuable investment.
Choose from 2 education savings plan options, save what you can afford and get rewarded if you stay invested.
Save with an endowment, retirement annuity, or linked investment through Momentum Savings
Tumi is a communication specialist for a bank, and her grandmother stays with her.
She would like to make the dream of owning a home come true without being crippled by debt interest when she eventually buys a home. She invests
R1 000 pm for 7 years to save for a deposit.
Lucas is a builder who works for himself.
He wants to get married and would like to show the in-laws he’s responsible. He starts investing R1 400 pm in a retirement annuity and commits to saving until the age of 65.
Amy is a personal assistant to a high-brow government official. She is a divorcee and a single mother of a baby boy, Andrew.
She doesn’t know if Andrew’s father will be able to help pay for Andrew’s studies. She decides to save R800 pm to ensure enough money is saved when Andrew turns 18 and begins his tertiary education.
Larry is a medical doctor who has led the good life. Thankfully, his wife encouraged him to take out investment plans for their 3 children’s education when they were young.
He wakes up and realises he better start saving for his retirement at 65 too. He tightens his belt and starts investing
R20 000 pm in a retirement annuity.
*Assumptions: We assume a growth rate of 12% each year until the end of the investment term. Each person increases their contribution by
10% per year. We use the Momentum Focus 7 Fund of Funds and yearly inflation of 6% for the sums. For retirement annuity investors, we assume a retirement age of 65.
**Real value: Real value is like a magic mirror that shows how much you can buy with your future savings amount. It helps you understand how expensive things will get (because of inflation). It's a way to see how your saved money would look today, even if we look at it many years from now.
Why choose Momentum Savings?
We manage R58 billion on behalf of our clients.
More than 320 000 clients trust us with their money.
You get rewarded for staying invested.
Money talk is complicated, we know. We try to keep things simple and straightforward.
Enjoy a payment holiday when there’s an unexpected financial bump in the road and you need to skip payments for a few months.
We can pay your investment on your behalf if you become disabled or die.
Momentum Savings resource centre
Self-service options
We empower you to do some things yourself without having to phone your financial adviser or the call centre. If you don't have an online profile, register now, or login to view your profile.
