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What is Max Income Living Annuity?

Old Mutual Max Income Living Annuity provides you with an income when you retire. You choose how much money you want to receive by selecting to draw an amount between 2.5% and 17.5% of your capital yearly.
What's in it for you?
  • The money remaining in your living annuity can be paid to your beneficiaries in the event of your death
  • You determine the income you want to receive - it's not a fixed amount for life
  • You have automatic access to leading funds managed by a range of top fund managers in South Africa
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    Why choose Old Mutual's Max Income Living AnnuityBecause life's about choices.
    Have more questions on Max Income Living Annuity?
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    • You do run the risk of running out of money if you select too high a percentage drawdown in your first few years. This is why it's a good idea to consult an Old Mutual financial adviser before making a decision.

    • The drawdown rate is the percentage of the funds, currently invested in the living annuity, which you choose to take as an income in any year. This is limited to a range of between 2.5% and 17.5%.

    • You have the option of leaving the remaining capital to your beneficiaries.