Best retirement annuity funds south africa

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Annuity rates in South Africa

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Retirement Annuity | Saving for Retirement | Momentum

I have 2millon in my pension and 1. Danny, An RA retirement annuity is a pre-retirement product. You should discuss your options with a financial advisor to determine what is the best retirement annuity for you.

Here is some background info: With the balance you must buy an annuity. Cash lumps confer certain tax advantages: Guaranteed Annuity The Guaranteed Annuity GA is an insurance product policy. The full pension is paid until you die. That is your risk: Guaranteed Annuity products Level or fixed annuity. Escalating or variable annuity. Guaranteed and then for life annuity. Joint and survivorship annuity.

Living annuity The Living Annuity LA is, in essence, an investment product. In selecting a living annuity rather than a guaranteed annuity, you decide how to invest your savings.

Every year you must draw a pension from your investment. They then track the performance of your investments. A living annuity is riskier than a guaranteed life annuity. These products are potentially very expensive. The 10X LA only charges one annual investment management fee.

Can I combine a provident fund, a pension preservation fund and a retirement annuity fund for the pu I have a question I've asked several advisors, but don't yet have a clear answer. I took out a Libery We can help you plan your future. Use our calculator to see if you are on track for a comfortable retirement. The information on our website does not constitute advice as defined by the FAIS Act. Already a 10X customer? Use our existing customer contact form to get in touch. Home Why 10X Investment Strategy Our Portfolio Our Performance Team of Experts Reviews.

Retirement Annuity Preservation Fund Living Annuity Unit Trust. Blog Investment Myths Calculators FAQ. Login Apply Online Contact me. What is the best retirement annuity for my pension? Share via Facebook Share via Twitter Share via LinkedIn Share via Email. Investing is simple and easy with 10X's award winning low cost investment solution.

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Invest Online Contact me. Like us on Facebook Follow us on Twitter Email us. Let us call you back. Full Name Contact Number Email Address What product are you interested in? Retirement Annuity Living Annuity Preservation Fund Unit Trust Institutional Not sure What Institutional products are you interested in? Corporate Retirement Funds Institutional Investments What is your company name? How many employees do you have?

The fees used in the projections are inclusive of VAT. This is the maximum investment fee charged by 10X. The investment term and savings period is assumed to be from your current age to age 65, unless you are over If you are over 55 the investment term is assumed to be 20 years. Your projected investment value is shown in real terms today's money. This means we have shown what future values would be worth today, once we have stripped out inflation.

The projected average and poor investment returns are based on historic market returns after inflation from to Historically over your savings period, one in four outcomes have been worse than the outcome shown under poor returns and three in four have been better. The projections therefore account for historical market fluctuations. The projections are based on the 10X High Equity portfolio, which is designed for investors with an investment term of 5 years and longer.

The portfolio may be highly volatile over shorter periods. The projections do not account for tax in any way. The projections shown are based on information provided by you regarding your financial situation.

Although our projections take account of the historical returns earned in the South African and International markets, future market returns are uncertain. Past performance does not guarantee nor indicate future results. The calculations provided should not be construed as financial, legal or tax advice.

In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Charges 1 Year 3 Years 5 Years 10 Years Investment Management made up of: The investment with 10X is assumed to charge a fee according to the 10X Living Annuity scale. The maximum fee in this scale is 0. Your projected income and investment value are shown in real terms today's money.

The projected income in the first year will be equal to your desired income provided your annual income is between the regulatory limits of 2. Each year your projected income will keep pace with inflation, provided that it falls within these regulatory limits. The number of years that your projected income is able to keep pace with inflation without exceeding the regulatory cap of These returns are based on the portfolio you selected defaulted to 10X High Equity if your term exceeds 5 year.

The investment with 10X is assumed to charge a fee according to the 10X Investment fee scale and that the client comes directly to 10X i.

The maximum fee charged by 10X in these scales is 1. Your projected benefits are shown in real terms today's money. The projected benefits are shown at age 65, unless you have changed the retirement age on the output page. Where applicable, the projected monthly income assumes that you purchase an inflation-linked guaranteed annuity at retirement with your projected investment value.

This estimate assumes that you use your entire projected investment value to purchase an annuity at retirement.

Our estimate is based on the recent price of an inflation-linked guaranteed annuity without a spouse. An inflation-linked guaranteed annuity will provide you with an income that grows annually with inflation and pays you an income for the remainder of your life.

The projections above are based on the default investment strategy called the 10X default glide path, unless you changed the investment portfolio on the output page. This ensures that when you are more than five years from retirement that you mainly own assets that are expected to deliver high returns - with expected higher volatility of returns - and that the portfolio will gradually be switched into less volatile assets - with expected lower returns - in the last five years before you retire, with the aim of preserving capital.

The investment with 10X assumes a total fee of 0.

Your projected monthly income if applicable , grows in line with inflation until your money is depleted. Get your Free Comparison Report. Full Name Contact Number Email Address How old are you? Optional Who is your current Investment Provider? Optional Upload a statement for your current investment Optional Call me back Already a 10X customer?