A living annuity is an investment plan designed to give you a regular income during your retirement, tailored to meet your individual retirement income needs. The different sources of money you can use to invest in a living annuity are pension funds, provident funds, preservation funds, retirement annuities or transfers from other living annuities.
Features of our Living Annuity
You can withdraw an income of between 2.5% to 17.5% of your total investment value a year.
Your selected withdrawal income rate may only be changed once a year on your policy anniversary.
You need to manage your investment so that it lasts throughout your retirement.
You can leave your remaining investment value to your beneficiaries when you die.
All investment growth on the investment funds you choose is tax-free, but your income will be taxed at your marginal tax rate.
Secured financial future with our Living Annuity
There is a minimum investment amount for our Living Annuity retirement income plan.
We make healthy lifestyle choices even more rewarding
With our Living Annuity, you choose the income you want to receive. We reward your positive behaviours with boosts that increase the income you receive from your Living Annuity. You can get boosts of up to 50% to your retirement income, for life, simply for living well and withdrawing your retirement income wisely.
Enjoy a wide choice of funds to invest in
Your plan is a collection of funds. Once you have chosen your investment plan, you can decide which funds to invest your money into. Your decision should align with an investment strategy that you and your financial adviser agree on, and the investment goals you have.
We offer you access to a range of unit trust funds across various investment managers through a single entry point. This means you can invest in our investment plans and choose investment funds that are managed by leading investment managers.
Educational content to help with decision-making
Is retirement around the corner for you? You may have visions of long days lazing on the beach, or maybe you're counting down the months before you launch yourself into a new venture or passion project. Whatever your plans are, it's important to realise that even if you're no longer working fulltime, it's still essential to save for an income.