Retirement
ready
Skydiving, travelling, community work - investing
in your retirement today will help you get a
whole lot closer to your retirement goals.

Why put your money in retirement plans?

With current advances (not to mention future ones) in technology and medicine, we can definitely expect to live longer when we retire.

While that might seem like the best thing ever to some of us, our pension and retirement savings may need to get us through additional years. That means investing as much as you can for your retirement, as soon as you can because the earlier you start investing, the more time your money has to grow.
Compare our range of Retirement Plans

An added bonus of saving for your retirement is that you get tax benefits. Take a look at some of the products on offer. And remember, help in the form of our financial advisers is a quick "call me back" away.

Benefits
Unit Trusts Retirement Annuity Fund

You get to choose the funds you invest in. Fees and charges are transparent.

MAX Investments Retirement Annuity Flexible Investment Plan

Flexible options and choice of leading SA funds.

Max Investments Optimal Retirement Plan

Increase, decrease or pause premium payments if your finances change.

Retirement Plan

An affordable long-term savings plan that aims to deliver inflation-beating returns over the long term.

Premiums starting from

R500/month
R500/month
R350/month
R400/month

Contributions are tax deductible

View portfolio 24/7 online and secure

Invest in more than one Old Mutual fund

Enjoy investment boosters/bonuses the longer you invest

Unit Trusts Retirement Annuity Fund

You get to choose the funds you invest in. Fees and charges are transparent.

Benefits
MAX Investments Retirement Annuity Flexible Investment Plan

Flexible options and choice of leading SA funds.

Benefits
Max Investments Optimal Retirement Plan

Increase, decrease or pause premium payments if your finances change.

Benefits
Retirement Plan

An affordable long-term savings plan that aims to deliver inflation-beating returns over the long term.

Benefits

Premiums starting from

R500/month

Contributions are tax deductible

View portfolio 24/7 online and secure

Invest in more than one Old Mutual fund

Enjoy investment boosters/bonuses the longer you invest

Premiums starting from

R500/month

Contributions are tax deductible

View portfolio 24/7 online and secure

Invest in more than one Old Mutual fund

Enjoy investment boosters/bonuses the longer you invest

Premiums starting from

R350/month

Contributions are tax deductible

View portfolio 24/7 online and secure

Invest in more than one Old Mutual fund

Enjoy investment boosters/bonuses the longer you invest

Premiums starting from

R400/month

Contributions are tax deductible

View portfolio 24/7 online and secure

Invest in more than one Old Mutual fund

Enjoy investment boosters/bonuses the longer you invest

Note: Investing in any one of these products means that you become a member of the South African Retirement Annuity Fund. Read more about this below.
We also offer post retirement plans

When the time comes to retire, you will need to purchase a life or living annuity. This is the product that is going to pay you a regular income when you're done with the working world.

South African Retirement Annuity Fund
  • This retirement fund is sponsored and administered by Old Mutual
  • In most cases you can select from a range of investment options
  • Transfer your money from other approved retirement funds
An elderly man enjoys his retirement and spends his day at a coffee shop with a book.
Changing jobs? Preserve your retirement savings

When you change jobs you can transfer your retirement savings to your new company or to a preservation fund. A preservation fund exists to preserve your benefit until you retire. Benefits include:

  • Transferring retirement fund savings into a preservation fund is tax-free
  • Your money is invested and will grow. You have a few investment options as well
  • You can withdraw some or all of the money (once) before retirement
  • The amount you save is only taxed on withdrawal
A woman smiles as she works, knowing her retirement savings are protected when she changes jobs.
Get retirement ready

Looking to shed light on planning for your golden years? These retirement articles do just that.

Need to know more about saving for retirement?

Take a look at some frequently asked questions and their answers.

    A retirement annuity is a long term investment that aims to help you provide for your retirement years. This investment takes the form of a policy with a product supplier (company) like Old Mutual. Typical retirement annuities require a monthly investment amount but there are a few that accept lump sums only, or both. 

    The monthly amount is calculated based on your retirement goals which include: 

    • How much you would like to have when you retire
    • How much you can afford to invest
    • How many years until you retire

    The figure can be calculated with the help of your financial adviser or by using our retirement calculator.

    Unlike a company pension fund you are the only one contributing to the retirement annuity. Changing jobs will make no difference to your retirement annuity, as it’s independent of your employer.

    Benefits of a retirement annuity include:

    • Your contributions are tax-deductible (up to a certain limit) 
    • With most retirement annuities you can choose which funds you would like to invest in 
    • If you die, your benefits will not be tied up in your estate but allocated to your dependants as determined by the trustees of the retirement fund 
    • You don’t pay any tax on the growth of the retirement savings

      You can have any number of retirement annuities but the tax benefit is only up to a certain limit.

      A financial adviser is the person best positioned to help you calculate this amount. They look at your whole financial portfolio and assist with calculating how much you need when you retire which helps you assess how much you should be saving. If you would like an estimate, then try our retirement savings calculator. Remember to be realistic about how much you'll need when you retire. Some expenses might decrease (your home may be fully paid up so no mortgage repayments) while other expenses, such as healthcare, are likely to increase due to failing health the older we get. 

      Need advice? Why not connect with one of our friendly and professional financial advisers?

      A pension fund is a retirement fund that receives frequent contributions (usually monthly) from you and your employer. A pension fund is chosen by your employer.

      You have to stay "in" the pension fund while working at the company. If you leave the company before retirement age then you exit the pension fund too. The company will pay out the money you have accrued. You can reinvest the money from your pension fund into your new employer's pension or provident fund, your own RA or a preservation fund (where it will grow until you retire). If you cash out your pension fund, you will be taxed.

      A retirement annuity is a long-term investment designed to help you save for your retirement. Only you contribute to a retirement annuity, not your employer. Your contributions are tax-deductible within certain limits. Changing jobs will make no difference to your retirement annuity, as it’s independent of your employer.

      When you retire, at age 55 or older, you’re allowed to take a maximum of one third as a cash lump sum (the cash lump sum is taxable) from your retirement annuity. The balance must be used to purchase an income annuity (the income annuity is taxable).

      If the total amount in the fund is less than R247 500 you’re not limited to taking only 1/3 of your savings as a lump sum. You can take the full amount as a cash lump sum, subject to tax.

      A retirement annuity is the investment vehicle you use to save for your retirement. The retirement savings accumulated at retirement are then used to buy a life or living annuity (or a combination of the two) that pays you a regular income.

    Would you like to speak to an adviser?Speak to an adviser now: