Time to top up retirement fund

Husaini says as people progress in their career, they have to look back at their strategy to sustain themselves in their retirement years.

IF YOU have been putting aside one-third of your salary into a retirement fund, now is the right time to top up your unit premiums, said Private Pension Administrator (PPA) chief executive officer Husaini Hussin.

This is because as people progress in their careers, there will be salary increases and performance bonuses. With the higher income comes a change in lifestyle and considerations must be made on ways to cope with expenses after retirement.