Save for Your Retirement with a Retirement Annuity
Are you familiar with the term retirement annuity? Find out why it is so immensely beneficial and don’t hesitate to get in touch to discuss your options.
“We would all like to be able to afford a comfortable retirement one day. And yet, somewhere between the graphs and the fine print and the complicated pricing structures of the retirement funds on offer we can start to lose sight of our place in the sun. So, to keep things simple, we would like to tell you just four things about the Allan Gray Retirement Annuity (RA). And we’ll keep the graphs to a minimum.
- The investment is yours. An Allan Gray RA is held in your name and it moves with you throughout your working life, even between jobs and it’s adaptable. You’re able to pause your contributions if (a) you need to take extended leave (b) want to change the value of your monthly contribution or (c) adjust the structure of your investment, choosing from a range of unit trust based investments from Allan Gray. And you’re able to manage this process online, in your own time, at no additional cost.
- It can’t be touched by anyone, even you. A retirement annuity may not be accessed by anyone. No creditor may ever touch it. And until you reach retirement age, neither may you. Compound interest is just as miraculous as they say. Imagine that at age 25 you start saving 10% of your monthly salary, R2 500, and this contribution increases every year with 6%.
Watch the video for more.