Retirement planning: What kind of health safety net do I need?

Retirement marks a significant turning point in the lives of individuals.

Photo credit: Photo | Shutterstock

Retirement marks a significant turning point in the lives of individuals, a transition towards freedom and leisure. However, amidst the joys of retirement lie a multitude of health concerns, prevalent among the ageing population, commonly referred to as ageing-associated diseases.

Such conditions may range from arthritis and musculoskeletal diseases, diabetes and hypertension to cataracts and refractive errors. According to a report done by WHO in 2020, 1 in 6 people in the world will be aged 60 years and above by 2030. 

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.