💰 Your Investment Value
R 89,539
+15.0% Growth This Year
Up from R 77,831 last year - that's R 11,707 more!
🚀 Great News: Your Investment is Growing!
Your retirement fund has grown by 15% this year, which is solid performance. You've been invested since June 2019, so you're building good long-term wealth.
📊 What You Own
Product: M/W Retirement Annuity (RA)
Investment Strategy: Summit Seeker Portfolio
Started: June 2019 (6 years ago)
South African Shares (60%)
Bonds & Fixed Income (25%)
International Shares (15%)
💳 What It's Costing You
2.57% per year
That's R 2,301 in total fees this year
Investment Management: 0.95%
Platform Administration: 0.58%
Financial Advice: 1.04%
⚠️ Important Things to Know
- Your fees are quite high at 2.57% per year - this could significantly impact your long-term returns
- You can only access this money when you retire (after age 55)
- You have R 8,954 in a "savings component" that you can withdraw once per tax year if needed
- Most of your money (R 80,585) is locked until retirement
📈 Fee Impact Over Time
Here's how your 2.57% annual fee affects your money over time:
10 Years:
R 23,100 in fees (vs R 13,400 at 1.5%)
20 Years:
R 92,400 in fees (vs R 53,600 at 1.5%)
💡 Lower fees could save you tens of thousands over time!
🎯 Fund Performance Analysis
This Year: +15.0%
Your "Summit Seeker" strategy includes:
- 11 different investment funds
- Mix of South African and international investments
- Focus on growth over stability
- Higher risk but potentially higher returns
💡 Key Takeaways
Good: 15% growth this year
Good: Diversified portfolio
Concern: High fees at 2.57%
Concern: Complex fee structure
🔍 How Do Your Fees Compare?
Your Fees
2.57%
Market Average
1.8%
Low-Cost Options
1.0%
You're paying above market rates - consider reviewing your fee structure with your advisor
| Fee Type | Annual Rate | What You Pay Yearly | What It's For |
|---|---|---|---|
| Investment Management | 0.95% | R 851 | Managing your investments |
| Platform Administration | 0.58% | R 519 | M/W's admin services |
| Financial Advice | 0.81% | R 725 | Your financial advisor's fee |
| Discretionary Management | 0.23% | R 206 | Summit Seeker portfolio management |
| TOTAL | 2.57% | R 2,301 | All services combined |
🎯 Next Steps to Consider
- Review if you're getting value for the 2.57% you're paying in fees
- Ask your advisor about lower-cost investment options
- Consider if you need all the services you're paying for
- Your R 8,954 savings component can be withdrawn if you need emergency funds
- Keep contributing regularly to maximize your retirement savings