New Retirement Annuity

There are many benefit associated with retirement annuities. The benefits you receive for investing in a retirement annuity, are to encourage more people to provide for their own retirement. Read about some of the benefits on this webpage and make an informed decision whether you also want to enjoy these benefits! The most important benefit of a retirement annuity is that it is a disciplined way of saving  towards your retirement and a retirement annuity is one of the best retirement savings instruments available to make your dreams come true! There are many tax advantages associated with a retirement annuity: Contributions are tax-deductible up to a certain maximum. Use the tax deduction calculator to determine your the maximum tax deduction available to you! Disallowed contributions can be carried over to the next year of assessment and, if unused during the total contribution period, can be offset at retirement to increase the tax-free portion of the lump sum, the annuity or other income. The funds you select within the retirement annuity are taxed very favourable. (interest earned, dividend income and capital appreciation are tax free) Your lump sum on death or retirement is tax-free up to R 500 000 (2015 /2016). Amounts more than R 500 000 on death or retirement enjoys a favourable tax-rate. You can deduct a further R1 800 per year in respect of arrear retirement annuity contributions. On death, any benefits paid out by way of an annuity are free of estate duty. Should you become insolvent, your money is safe in the retirement fund, as your creditors cannot seize the fund benefit. Should you change jobs, you don’t have to terminate your investment, you simply continue contributing to the retirement fund. No executor’s fees are payable on retirement annuity benefits. Beneficiaries do not have to wait for the estate to be wound up before they have access retirement annuity benefits. With the new generation retirement annuities we offer you a transparent savings vehicle with a variety of underlying investment options so that you can spread your risk over time. You have a choice at retirement between a conventional guaranteed annuity or an investment linked living annuity. A retirement annuity can be used to build up a fund for post-retirement medical expenses in a tax-efficient way.
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Retirement Annuity

benefits

Financial Planning Direct Retirement Annuity Benefits | Advantages Retirement Annuity Direct Sanlam Retirement Annuity Momentum  Retirement Annuity Liberty  Retirement Annuity Glacier by Sanlam  Retirement Annuity AIMS  Retirement Annuity
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