RETIREMENT PLANNING

Effects of
Compound Interest

EFFECTS OF COMPOUND INTEREST

If you start early enough the effects of compound interest are remarkable

At just 7.5 per cent per annum compound interest you will have achieved a 43 per cent increase in your money after five years. After 15 years it will be worth three times your investment and after 50 years, 37 times. No matter your age you should be contributing towards your retirement, and even if you are, it's always worth revisiting your savings arrangements.