Retirement Annuity Option
What will it be like not to have the certainty of a salary every month? And how much will you need every month to be financially prepared to maintain your standard of living once you stop earning a salary? Retirement and being financially independent is something to look forward to and you want to have enough one day, and not look your children or siblings in the eye to make ends meet.
Ensuring you have enough money for retirement is part of your journey to success. We know ‘enough’ is unique for everyone – whether you plan to relax on the stoep, travel, start a new venture or have time with your grandchildren.
Minimum investment
A lump sum of R50 000.
A regular debit order of R1 000 per month.
Outcomes
Tax-free growth potential.
Deduct the money you invest from tax.
Potential estate duty benefits.
Investment period
Any date from age 55, or if the law allows you access earlier.
How can the Retirement Annuity Option help you?
A retirement annuity helps you grow your savings money for retirement so that you can draw a regular income once you retire. It can supplement your employer’s retirement fund or be your main retirement savings method.
It is a long-term product that helps you invest in a flexible, structured, and tax-efficient way. The earlier you start saving and investing, the better.
Is it for you?
You want to enjoy tax-free growth potential and deduct the money you invest from tax
You don’t need access to the money before age 55
When is it not for you?
Retirement annuity rules don’t suit your investment goal.
You want to have a more aggressive investment strategy.
Frequently asked
questions
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2-minute questionnaire.