SARAF and your
options at retirementJoin forces with over a million other South Africans
who are saving for their retirement with SARAF.

What is SARAF?

The South African Retirement Annuity Fund (SARAF) is a retirement annuity fund that was started in 1961 and is sponsored and administered by Old Mutual. It is registered with the Financial Sector Conduct Authority (FSCA) and the South African Revenue Services (SARS), as required by legislation. SARAF operates as a separate legal entity from its sponsor, Old Mutual, and is managed by a management board, also known as a board of trustees.
What's in it for you?
  • Choose from a range of investment options on offer to suit your risk profile and growth objectives
  • Select a range of income-generating solutions once you retire from SARAF
  • Your contributions are tax-deductible (within prescribed limits)
  • Transfer your benefits from other approved retirement funds into SARAF

Father and child having a relaxed moment at the park.Need to know more?

Nearing retirement?

  • Take a look at your options at retirement
  • If you need more information on SARAF annuity options please contact us on 0860 722 222 to speak to a Retirement Benefit Counsellor
Need to know more?
Why SARAF is good for youIt's administered and sponsored by Old Mutual.
RETIREMENT DECISIONS MADE EASYMaking retirement decisions as easy as possible for SARAF members.Want to find out more about SARAF?

Here are some answers to your questions. Need more? Call us on 0860 60 60 70 and let's chat.

    SARAF Condensed Fund Member Privacy Notice- read the disclosures that need to be made in terms of the requirements of the Protection of Personal Information legislation (PPI).

    SARAF Privacy Policy - this explains how we obtain, use and disclose your personal information, as is required by the Protection of Personal Information Act (“POPIA”).

    SARAF PAIA Manual – the manual contains information required to request access to SARAF records.

    Cookies Policy - website usage information is collected using “cookies” which allows us to collect standard internet visitor usage information.

    PAIA Form C

    PAIA Fee Structure

    Yes, your benefits payable from SARAF will be affected by income tax. In accordance to the normal income tax principal applicable to benefits from a retirement annuity fund, part of your benefits may be tax-free, depending on previous payments received from retirement funds and the amounts payable. SARS will determine the amounts payable.

    Please contact your financial adviser or your broker if you would like information on how tax will affect your benefits. Should you not have a financial adviser or broker, we recommend that you call an accredited Old Mutual financial adviser on 0860 INVEST (0860 468 378) and someone will gladly assist you.

    The Income Tax Act allows a member who has not yet retired but who has ceased paying contributions towards a retirement annuity contract and has emigrated, to receive upon written request, the lump sum value of his retirement annuity contract, subject to tax. This applies irrespective of the value of the investment. Such payment is, however, subject to the requirement that the member’s emigration is recognised by the South African Reserve Bank. Members resident in countries forming part of the common monitory area (CMA) will not qualify for emigration surrenders.

    Please note that your estate cannot be nominated as a beneficiary on a retirement annuity as it is not a legal person. It should also be noted that the death benefits of a retirement annuity do not form part of the assets of a deceased member’s estate and can thus not be bequeathed by will, nor can it be ceded.