Retirement doesn’t have to be dull. it is is a tax-efficient way to save for retirement for clients who do not belong to a pension or provident fund. It can also be used to supplement existing retirement savings.
Whether you want to maintain a certain lifestyle or see the world, investing in the Sanlam Cumulus Echo Retirement Plan rewards you for saving towards these goals with a Wealth Bonus, so 65-year-old you can enjoy the retirement you deserve.
you can stay invested after retirement without making any more contributions and seamlessly start withdrawing a regular income. While part of this income will be drawn from the Wealth Bonus, your bonus will continue to earn interest and grow throughout the rest of your life.
WE go to great lengths to understand priorities for today and tomorrow. Model a strategy around a strategy around your specific needs supported by a multi-skilled. Design an appropriate asset allocation and diversification plan in line with your investment strategy.
Individuals contribute funds to a retirement annuity during their working years. The annuity provider invests these funds, and upon retirement, the individual receives regular payments, either for a specified period or for the rest of their life.
The age at which you can start receiving payments depends on the terms of the annuity contract and your retirement plans. Payments can start immediately (immediate annuity) or be deferred to a future date (deferred annuity).
In most cases, contributions to a retirement annuity are not allowed after retirement. Contributions are typically made during the accumulation phase, leading up to retirement.
The treatment of remaining funds upon the annuitant's death depends on the type of annuity. Some annuities provide for a death benefit, allowing beneficiaries to receive the remaining value.
Early withdrawals from a retirement annuity may be subject to penalties and taxes. However, some annuities offer features that allow for withdrawals under certain circumstances, such as disability.
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