Retirement
made simple
Helping you prepare for that
sweet retirement.
personal solutions i want to make the most of retirement

Planning for Retirement?

Imagine reaching your retirement age not having saved enough money.

Will you fully enjoy your retirement if this is the case? Start saving for your retirement sooner and keep at it throughout the years. This way, you’ll increase your money to cover the cost of living in your golden years. Have a quick look at our retirement annuity plans below.

Man in formal wear sitting in an office
How to save R1 million by age 65*You have the potential to save R1 million by the time you retire at age 65. How? It’s simple. We’ve put together some examples to show just how you can start saving toward your own R1 million(combine the contribution and the potential growth).
Age

Monthly payments

Total contribution
Potential growth
25 years
R160
R236 660
R763 340
35 years
R420
R332 940
R667 060
45 years
R1 200
R473 810
R526 190
55 years
R4 520
R682 680
R317 320
60 years
R12 420
R823 440
R176 560
25 years
Benefits
35 years
Benefits
45 years
Benefits
55 years
Benefits
60 years
Benefits
Monthly payments
R160
Total contribution
R236 660
Potential growth
R763 340
Monthly payments
R420
Total contribution
R332 940
Potential growth
R667 060

Monthly payments

R1 200
Total contribution
R473 810
Potential growth
R526 190
Monthly payments
R4 520
Total contribution
R682 680
Potential growth
R317 320
Monthly payments
R12 420
Total contribution
R823 440
Potential growth
R176 560

*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.

Now that you get the picture, let's explore your optionsThe perfect time to start saving for retirement is when you get your first income. It gives your money more time to grow. The second best time to start is now. Have a look at Old Mutual’s range of retirement products below.
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 keeping your money invested for the long-term.

Starting premium

From R250/month

From R350/month

From R500/month

From R265/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 keeping your money invested for the long-term.

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 R350/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 R265/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.

Why save for retirement?So you can spend your golden years worry free, reaping the benefits of your hard work. Spend time on your hobbies, travel the world or play with your grandchildren.

Expect to live longer

With advances in technology and medicine, you can 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.

Man playing with his grandson
Things you should know about retirementSome recommended reading to help you get a grip on retirement.