Save for your retirement

A retirement annuity is a simple, tax-efficient way to grow your savings that remains fully in your control.

What is a retirement annuity?

If you want to save for your retirement, a retirement annuity (RA) is the product built to do exactly that. It’s a personal, long-term savings plan that grows your money in a tax-efficient way, meaning more of your money works for you.

Start with a R50 000 lump sum or a R1 000 monthly debit order. Adjust, pause, or top up your contributions at any time. Manage everything securely online.

BENEFITS

Ways to grow your retirement savings

01

Ways to grow your retirement savings
Moving jobs? Transfer your employer pension or provident fund into your own RA so your savings stay intact and in your hands.

02

Save more alongside your work pension
Already contributing to a workplace fund? An RA lets you save more on top and claim additional tax deductions while you do.

03

Let compound growth do the work
The sooner you start, the more time your money has to grow. An RA uses compound returns and tax savings to build your retirement wealth steadily over time.

Product details

Every rand you contribute to your retirement annuity could reduce your tax bill. You can claim a deduction of up to 27.5% of your taxable income, or R430 000 per year, whichever is lower. It’s one of the most effective ways to save on tax while building long-term wealth in South Africa.