Planning for Retirement?
Imagine reaching your retirement age not having saved enough money.Will you fully enjoy your retirement with that kind of income? Start saving for your retirement sooner and keep at it throughout the years. This way, you know you’ll save enough money to cover the cost of living in your golden years. Have a quick look at our retirement annuity plans below.
Age
Monthly payments
25 years
35 years
45 years
55 years
R317 320
60 years
25 years
Benefits
35 years
Benefits
45 years
Benefits
55 years
Benefits
60 years
Benefits
Monthly payments
*The purpose of this table is to illustrate the possible future value of savings and is not to be taken as advice, as amounts can change. The examples above assume an 8% expected annual growth in value of savings; a 5% expected annual inflation rate and the amount that you need to save will differ from the example.
Features
Tax Free Savings Account
Grow your savings without paying tax on any of the growth your money earns.
Optimal Retirement Annuity
A retirement annuity that adapts to your needs as your life changes.
Old Mutual Retirement Annuity
Access to the full range of Old Mutual’s best performing unit trust funds.
Old Mutual Retirement Plan
Benefit from the power of compound interest, which is interest earned on interest.
Starting premium
From R250/month
From R300/month
From R500/month
From R500/month
Are my contributions tax deductible? *
Is my investment growth tax free?
Can I access my money if I need it?
Can I choose funds outside Old Mutual?
Can I invest online?
Can I get premium protection?
Can I stop investing when I am no longer able to?
Tax Free Savings Account
Grow your savings without paying tax on any of the growth your money earns.
Features
Optimal Retirement Annuity
A retirement annuity that adapts to your needs as your life changes.
Old Mutual Retirement Annuity
Access to the full range of Old Mutual’s best performing unit trust funds.
Features
Old Mutual Retirement Plan
Benefit from the power of compound interest, which is interest earned on interest.
Starting premium
From R250/month
Are my contributions tax deductible? *
Is my investment growth tax free?
Can I access my money if I need it?
Can I choose funds outside Old Mutual?
Can I invest online?
Can I get premium protection?
Can I stop investing when I am no longer able to?
Starting premium
From R300/month
Are my contributions tax deductible? *
Is my investment growth tax free?
Can I access my money if I need it?
Can I choose funds outside Old Mutual?
Can I invest online?
Can I get premium protection?
Can I stop investing when I am no longer able to?
Starting premium
From R500/month
Are my contributions tax deductible? *
Is my investment growth tax free?
Can I access my money if I need it?
Can I choose funds outside Old Mutual?
Can I invest online?
Can I get premium protection?
Can I stop investing when I am no longer able to?
Starting premium
From R500/month
Are my contributions tax deductible? *
Is my investment growth tax free?
Can I access my money if I need it?
Can I choose funds outside Old Mutual?
Can I invest online?
Can I get premium protection?
Can I stop investing when I am no longer able to?
* Your contributions are tax deductible up to certain limits.
Please note that it always remains important to read and understand the terms and conditions of each product.
With advances in technology and medicine, you can expect to live longer.
According to Statistics South Africa, life expectancy for 2018 was estimated at 61,1 years for males and 67,3 years for females.
This is more reason to expect to live longer.
Will you be able to pay for groceries, electricity, utilities and other expenses that need to be paid should you live longer through your retirement?
Now is the time to start putting money away so you can retire like the star you are.