Saving for
Retirement
WHY CHOOSE US
What retirement with SanlamAllianz offers you
- Expert guidance and support :
With years of experience, SanlamAllianz's team of financial experts can provide you with personalised retirement advide and innovative solutions, expertly tailored to meet your unique financial needs and goals.
- Comprehensive Solutions :
We offer cost-effective solutions that maximise your savings, providing lifelong income security, investment flexibility, and growth potential. Choose the best solution for your needs and ensure a secure future with guaranteed support for your dependents.
Saving for retirement
Explore our retirement annuity featuring the Wealth Bonus, designed to boost your savings and ensure a secure future. It's never too early to start saving to secure your financial future.
At some point in the future you’ll stop working and start enjoying a well-earned retirement. If you’ve prepared for this stage of life by saving from early on, you’ll have enough income to enjoy the retirement you deserve. While there are several ways you can save for your retirement years, a retirement annuity offers valuable tax benefits as well as investment options that allow you to grow your savings over time. And with one of SanlamAllianz's Retirement Annuities, you can look forward to a cost-effective savings option that inspires you to get saving, motivates you to stay on track and ensures peace of mind.
FAQ
Take a closer look at our retirement annuities - Frequently asked questions about retirement annuities.
While all three of these options qualify for the same tax benefits, there are significant differences between them. Both pension and provident funds are offered by an employer – as a condition of employment – with you and your employer making monthly contributions to these funds. Retirement annuities, on the other hand, are bought by the individual, meaning you’re free to contribute to one whether you’re self-employed or you already contribute to a pension or provident fund. They also typically offer wider investment fund choices than either of the other two funds.
Your retirement annuity contributions reduce your taxable income up to certain limits. Another big tax advantage is that the growth on your investment is tax free!
Boost your retirement savings with Wealth Bonus. You invest. We invest. SanlamAllianz contributes an additional percentage of your payments back into your Wealth Bonus.
Your retirement savings are safe irrespective of any personal financial loss you may suffer. This ensures that your savings will be available when it is most needed and for wat it is intended - the provision of your retirement income.
The earlier you start saving, the better. if you cannot save the recommended amount, save whatever you can afford. You can also add some of your bonus payments to your retirement annuity.
Your savings provide you with an income in your retirement years. When you retire, you may take up to one third of your accumulated savings in a cash lump sum. The rest is used to provide you with a monthly income. The retirement benefit may be taken at any time from your 55th birthday, or earlier in the event of ill-health. The early retirement benefit amount is equal to the policy fund value. No transaction or termination charge will apply on transfer or retirement. The Wealth Bonus amount is paid out separately and does not form part of your retirement benefit.