You're paying for your freelance business. What are you getting back?
Invoicing software. Time tracking. Client management.
Running a freelance business comes with expenses, and those monthly subscriptions add up.
But what if some of that money could go towards something more than just keeping your business running?
With HustleNest, it can.
More than another monthly subscription
HustleNest gives freelancers access to free business tools, including invoicing, time tracking and client reviews.
Our paid plans take things further by combining these tools with a Momentum Retirement Annuity (RA) and financial consultations.
Here's how your monthly payment is split:
| Benefit | Motivated | Serious Business |
|---|---|---|
| Monthly payment | R299 | R599 |
| RA contribution | R250 | R500 |
| Platform fee | R49 | R99 |
| Financial consultations | 1 per year | 2 per year |
Your RA contributions begin once your Momentum application is approved and your investment is activated.
What could R250 or R500 become?
Here's where things get interesting.
Instead of simply telling you to save for retirement, we'd rather show you what regular contributions could potentially look like over time.
Try it for yourself.
Enter your age, choose R250 or R500 a month, and see what your retirement savings could potentially grow to by age 65.
The calculator assumes an illustrative 8% annual return, compounded monthly. Actual investment returns are not guaranteed, and projections do not account for every individual's financial circumstances.
And there's a possible tax benefit too
Retirement annuity contributions can also help reduce your taxable income.
For example, contributing R500 a month adds up to R6,000 a year.
At an illustrative 31% marginal tax rate, that could mean approximately R1,860 less in annual tax, provided you qualify for the full deduction.
The actual benefit depends on your personal tax circumstances.
What if your income changes?
We know freelance income isn't always predictable.
HustleNest advertises the option to pause your subscription, although the conditions and effect on your contributions should be checked.
And while South Africa's two-pot retirement system allows certain withdrawals, the specific rules applicable to HustleNest's Momentum RA still need confirmation.
That's why understanding the terms matters before committing.
Make your money work beyond your next project
Your business tools help you manage today's work. Your retirement contributions are intended to help you prepare for the future.
With HustleNest, you can explore both in one place.
Try the calculator above, then explore the HustleNest plan that works for you.
This article provides general financial information and does not constitute personal financial advice. Investment projections are illustrative and not guaranteed. Tax benefits depend on individual circumstances. Momentum and HustleNest product terms, approval requirements and applicable fees apply.
