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The lowdown on South African living annuities in 2022

The lowdown on South African living annuities in 2022

What happens when you reach the official legislative retirement age of 55? If you’re ready to stop working and you’ve saved enough in a retirement annuity, pension, or provident fund, it’s time to formally retire from your fund. In order to provide an income for the...
Can you cash in your South African living annuity?

Can you cash in your South African living annuity?

As a South African planning for retirement, you’ve been diligently stashing cash into a pension, provident, preservation or retirement annuity fund for most of your working life. Buying a living annuity marks the transition from saving towards retirement to drawing...
Five things you might not know about living annuities

Five things you might not know about living annuities

If you have a retirement annuity or pension fund, you’re going to need to know about living annuities at some point in the future. This is because when you retire, it is compulsory to spend at least two thirds of your retirement savings on an annuity if your fund...