Saving for Retirement and using a Retirement Annuity

When you apply for a retirement annuity from us. We do minimum 5 quotes at different investment houses.

We compare the costs and estimated end values for you, and you can choose the preferred option, to continue with.

We assist you in signing up at the investment house and from there on we monitor the growth and advice accordingly on regular basis.

Our services includes updating your insurance portfolio and financial plans on a yearly basis, or your preferred basis.

The benefits of a Retirement Annuity

• Premiums can be deducted from tax. (For every R1 you contribute you get a amount of it equal to your tax rate back
• The contribution per year for tax deduction purposes is R350 000. Contributions there after is not deductible but have a tax advantage at retirement.
• You cannot excess the funds. That means you will have funds for retirement
• You can have excess to funds from age 55. Depending on the value, you can make a full withdrawal or invest as follows.
• 1/3 of it you can get as lump some – tax applicable for amount over first R500 000
• 2/3 off it must be invested in a Living or Life Annuity.
• More Information about Living Annuities.