Individual saving behaviour towards retirement planning case study: SOCSO Batu Pahat

There are a lot of people that are not aware about the importance of saving as a plan to their financial for future retirement. Because of that, this study is conduct to determine the relationship between the level of knowledge and attitudes to the individual saving behaviour towards retirement planning. The dependent variable in this study is the individual saving behaviour towards retirement planning and the independent variables are the level of knowledge and attitudes toward retirement planning. To fulfil the purpose of this study, the researcher is use the frequency analysis to measure the demographic of this research, descriptive analysis design due to survey method and Pearson’s correlation analysis to know the association between the variables. The survey involved a structured questionnaire given to respondents to elicit specific information. The population has been tested at Pertubuhan Keselamatan Sosial (PERKESO) also known as Social Security Organization (SOCSO) located in Batu Pahat. The study has been conducted from March to June 2012. 50 questionnaires were distributed to respondents who willing to answer the question. SPSS 20.0 was used to analyze the data collection to get the result. There are four types of analysis in SPSS that has been used in the study to analyze the data that is frequency analysis, reliability testing, descriptive statistic and Pearson’s correlation. From the findings, there is significance association between respondents’ level of knowledge and their attitudes with individual saving behavior towards retirement planning. Thus, researcher can make conclusion that both independent variables have positive association with the importance financial planning for retirement.