Start planning now for your retirement with this inflation-beating tax-efficient retirement saving with a choice of investment terms.
Did you know that even R5 a day (which adds up to R150 per month) is enough to get you started?
Your company pension on its own may not be enough and you can't rely on the state's basic old age pension. There's always likely to be a shortfall between the amount you receive and the amount you actually need for a comfortable retirement.
Features and Benefits
- Save R150 per month or more.
- Start investing at any age up to 54 years.
- Old Mutual will invest your money in its Smoothed Bonus Portfolio which aims to deliver inflation-beating returns.
- Access to your investment from age 55.
- You make take up to one-third of your investment in cash, with the balance being used to buy a living annuity.
- You can take six "premium holidays" during the life of your Plan.
- Your monthly premiums will be increased automatically each year although you have the option to opt out of this increase in any year.
- No medical examination is required and no health questions need to be answered.
- You enjoy tax relief on your monthly premiums - with certain limits.
Need more information? SMS RA to 39365, speak to an Old Mutual Adviser or Broker or visit your nearest Old Mutual Client Services branch.
Less than 10 years to go before retirement?
Don't panic! Old Mutual's Retirement Plan makes provision for people in your position. It works like the Retirement Plan with terms longer than 10 years with just a few differences to make up for your late start.
- The minimum you can invest each month is R270 with an automatic premium increase every year to help ensure that your fund keeps its value (you can opt out of this increase in any year).
- The investment term of this retirement plan is six to nine years.
- You may not be older than 58 years when you apply.
Family Support Services
We have arranged the independent provision of Family Support Services. Access to these services is in addition to your insurance policy benefits. Changes may be made to the Family Support Services in future, if necessary. Terms and conditions apply.
The following Family Support Services are available from independent service providers:
- Health Support - Telephone access to health advisers for assistance with health queries.
- Trauma, assault and HIV treatment - Assistance and treatment following assault (e.g. rape, hijacking, child abuse), accidental exposure to HIV or other kinds of trauma.
- Emergency medical response - Advice, emergency treatment and transportation to an appropriate medical facility.
- Legal Support - Telephonic assistance with a wide range of legal issues.