Liberty Life Botswana Retirement Journey

In many parts of Botswana, the idea of saving for retire- ment feels like a luxury reserved for those with formal jobs or government positions. Yet, research shows that a significant number of people across all walks of life are not saving enough—or at all—for their retirement years.

In our Setswana culture, savings are often linked with formal employment, and many individuals may never get around to planning for a time when they might not be able to work or fully enjoy life. A Growing Concern. The reality is that retirement is not just a concern for government employees or those in formal sectors.

It affects everyone, whether you are self-employed, working in a small business, or even if you’re currently unemployed. In Botswana, as in many other parts of the world, not having a retirement plan can lead to financial struggles later in life.

Liberty Life Botswana: Bridging the Gap

Recognizing this challenge, Liberty Life Botswana is stepping up to make a difference. We offer a unique retirement savings product designed for everyone—whether you’re working for a large company, running a small business, or looking for ways to save while unem- ployed. Our retirement annuity provides a straightfor- ward way for all Batswana to start saving for their future.

Why Choose Liberty Life Botswana Retirement Annuity

Security and Peace of Mind: Planning ahead means you won’t have to rely on family or government aid when you retire. With the right savings plan, you can enjoy your later years with confidence and less stress.

Flexibility: Liberty Life Botswana’s product is de- signed to be accessible and adaptable to different life situations. You can start with small amounts and in- crease your savings as your financial situation improves.

Inclusivity: This retirement annuity is open to every- one, offering a way for all Batswana to contribute to their future, no matter their current employment status. As the saying goes, “The best time to invest was 20 years ago; the next best time is now.”

Transparent Fees: Liberty Life Botswana is commit- ted to upholding the principle of Treating Clients Fairly. We have outlined our fee structures clearly and offer as-you-go fees, unlike the norm in the market. This ap-

proach ensures you understand exactly what you’re pay- ing for and how your contributions are being managed. By focusing on low commissions and transparent costs, Liberty Life helps you maximize your investment returns and build a secure financial future with confidence.

Tax Benefits: Contributions to the Liberty Retirement Annuity are tax-deductible, and the earnings on those contributions grow tax-deferred. This means you don’t pay taxes on the money you contribute or the growth it generates until you withdraw it. We encourage Batswana to take full advantage of this incentive and prepare for retirement.

Planning for Longevity: As life expectancy continues to rise, planning for a longer retirement becomes increasingly crucial. With people living well into their 70s, 80s, and beyond, it’s essential to ensure you have sufficient savings to support yourself through these ex- tended years. Saving for retirement helps you maintain financial independence, cover healthcare costs, and enjoy a comfortable lifestyle without relying on others.

Starting to save for retirement might seem daunt- ing, especially if you’re not used to setting money aside. However, with Liberty Life Botswana’s product, you can begin with manageable contributions from as little as P300. It’s about taking small steps today to

ensure a comfortable future. It is particularly worthwhile for younger individuals in their early 20s to start their journey to enjoy the power of compound interest. The earlier and more consistently you contribute, the more your money can work for you, giving your retirement fund the time it needs to grow significantly.

Steps to Start Saving for Retirement

Assess Your Finances: Look at your income and expenses to determine how much you can reasonably save each month. Consult a Financial Advisor: Speak with a Liberty Life Botswana representative to understand the best options for your situation and start setting up your retirement annuity.

Make it a Habit: Treat your retirement savings like any other important expense. Set up automatic contributions if possible, so you can build your savings consistently over time. We encourage companies to set up employee stop orders for payroll deductions or automatic direct debits.

A Brighter Future Awaits

By taking charge of your retirement savings today, you’re not just planning for a rainy day—you’re investing in a brighter, more secure future. Liberty Life Botswana is here to make that process easier and more accessible for everyone. No matter where you stand today, it’s never too early to start thinking about tomorrow. Make the choice to invest in your future and enjoy the peace of mind that comes with knowing you’ve planned ahead.

Let’s embrace the opportunity to shape our future and secure our golden years with the same care and dedication we put into our daily lives. After all, a little planning today can make a world of difference tomorrow.