GUARANTEED ANNUITY PORTFOLIO
Reimagining retirement
We help you navigate the typical risks in retirement to make the rest of your life, the best of your life.
Have you ever imagined what your life in retirement will look like? It’s a time for new beginnings and a time to make important decisions.
But you no longer have to choose between the certainty of a life annuity and the flexibility of a living annuity. We’ve reimagined retirement income planning into a blended product solution supported by a state-of-the-art income illustrator to give you:
- The flexibility of a living annuity that can give you investment growth.
- The certainty of a life annuity that pays you a guaranteed income for life.
- Guidance to help you choose the best solution for you.
Typical risks to navigate in retirement
Retirement planning isn’t as simple as following a set of instructions. There are different products and risks to consider, and whether you want to leave an inheritance. Figuring out how this actually fits your life is the tricky part. Watch the video to see what some of the aspects are you need to consider when you retire.
Annuity options when you retire
A life annuity
A life annuity pays a guaranteed income for life, so it provides a great match for your basic expenses like having a place to live, medical aid, groceries and other regular essential spending, what we refer to as life expenses.
However, it’s not as flexible so you may not be able to make spontaneous decisions like paying for a holiday, starting a business, contributing to a special life event, as well as the opportunity leave a legacy when you are no longer here.
A living annuity
With a living annuity, you can tailor their income by choosing an income level of between 2.5% and 17.5% of the investment value, which you can adjust every year. You also have the flexibility to choose investment components to suit your investment strategy.
But, if you don’t strike the right balance between life and living expenses, there may be the risk of running out of money to pay for even the bare necessities.
When you retire, it's a balancing act between
Guaranteed income
A guaranteed income that removes all the risk but has no market participation, no flexibility and sometimes a lack of being able to leave a legacy.
Flexible income
A flexible income that could run out or become insufficient, but with the opportunity to participate in investment markets and the ability to transfer money to your loved ones upon your death.
A retirement income option with the best of both worlds
Retirement income planning is complex, but choosing the right annuity doesn’t have to be. Discover the difference between a living annuity and a life annuity, and how a hybrid solution can give you flexibility, growth, and guaranteed income for life.
Helping you reimagine your retirement: Watch and learn
Clear answers to your biggest retirement questions. Fast, practical, and easy to understand.
The retirement rule of thumb
How much can you safely draw from your retirement savings without running
dry? Discover the simple rule of thumb that helps keep your income
sustainable for decades.
Market risk
Markets can change as fast as Cape Town weather. If your retirement plan relies on sunny skies, you could face a storm. Learn why planning for uncertain markets matter, and how a guaranteed income can keep you steady.
Understanding the required return
Retirement planning isn’t about guessing the forecast; it’s about knowing your bubble and its required return. Learn more about how you can weather any financial climate.
Behaviour tax
Switching investments during market swings can seem smart, but it often results in lost returns. Discover the hidden ‘behaviour tax’ and why patience beats panic.
Longevity risk
Living longer is great, but you don’t want to run out of retirement income. Learn how to plan for longevity risk and maintain a steady income throughout your life.
Inflation risk
Inflation can quietly erode your retirement income. Learn how an inflation-linked annuity helps protect your purchasing power, so rising prices don’t derail your lifestyle.
Inheritance
Retirement is about striking a balance, living well in the present, saving for the future, and leaving a lasting legacy. Discover how a hybrid annuity can help you get it right.
Retirement masterclass
See how this all comes together in our Retirement masterclass for financial
advisers.
Guaranteed Annuity Portfolio
We have reimagined retirement income planning by enhancing the Retirement Income Option, our living annuity. You no longer have to choose between protection and growth. You can blend the 2-in-1 unique solution to meet your income needs when you retire and throughout your retirement years.
You can choose to allocate a portion of your retirement money to a component within a Retirement Income Option to provide a guaranteed income for life.
Your financial adviser can compare different income scenarios with the help of our income illustrator to guide your decision about how much you should allocate to the Guaranteed Annuity Portfolio to suit your unique income requirements and circumstances.
Retirement Income Option
Choose to protect a portion of your retirement income for as long as you live. You can add the new Guaranteed Annuity Portfolio if you want to blend certainty and flexibility in one retirement income product.
Minimum investment
From R50 000 lump sum
Investment period
For as long as you live, provided that there is money to pay you an income.
Features
Choose and adapt your income level within the regulated limits.
Enjoy tax-free growth.
Wide choice of investment funds and solutions to suit your needs and goals, including the Guaranteed Annuity Portfolio.
Choose to protect a portion of your retirement income for as long as you live. You can add the Guaranteed Annuity Portfolio if you want to blend certainty and flexibility in one retirement income product.
Minimum investment
From R50 000 lump sumInvestment period
For as long as you live, provided that there is money to pay you an income.Features
Choose and adapt your income level within the regulated limits.Enjoy tax-free growth.
Wide choice of investment funds and solutions to suit your needs and goals, including the Guaranteed Annuity Portfolio.