Living Annuity

We are streamlining our investment offering by consolidating similar retirement funds. As such, clients in this Old Mutual Unit Trusts Retirement Fund will automatically be moved to the Wealth equivalent Fund in August 2019 and no action is required from you. Your unit trust fund and classes will remain as is, and fees will not change. Please note: This fund is being capped to new business from 26 July 2019.

Investment minimum: R50 000

The proceeds of your pension/provident fund or your retirement annuity (your retirement capital), or part thereof, must be used to buy an investment that will pay you a retirement income. The tax-efficient Old Mutual Unit Trust Living Annuity (OMUTLA) allows you to choose your annual level of income (between 2.5% and 17.5% of your portfolio value). This is a superb benefit if you want a high income over a shorter period or if, for tax purposes, you want to lower your taxable income. You may also decide on the frequency of your income payments – monthly, quarterly, bi-annually or annually.

In addition, because it is a unit trust-linked annuity, you may structure your portfolio to suit your specific income needs. Access to our Classic Investment Collection, as well as our complete range of over 40 unit trusts, enables you to diversify your retirement capital across regions, sectors and economies. You can also create the optimal mix of growth and income-generating unit trusts to assist you in attaining your desired retirement income.

Best of all, you can manage your investment portfolio online, 24/7, by registering for our secure services.

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More information

For more information please contact your financial adviser or broker. If you do not have a financial adviser and would like an Old Mutual Financial Adviser to contact you, please provide us with a few details. Alternatively, call our Service Centre at 0860 234 234.