Boost your
retirementSave a little extra now, so you can afford
retired life later. From just R400 a month.

What is Savings 4 Retirement?

When we think of retiring, we often budget for the life we are living now. It's easy to forget about the extra expenses that come with getting older. Like medical bills, old age homes and frail care. That's where Old Mutual's Savings4Retirement Plan comes in. It fills the gap your provident or pension fund may leave. Future You will thank you for thinking ahead, so start saving now.
What's in it for you?
  • Start saving from just R400 a month
  • You can miss up to six premiums and still keep your plan active. Just let us know beforehand
  • Stay invested for a minimum of 15 years
  • Boost your existing retirement plan so you can live comfortably
Lady in colourful wear smiles
Why boost your retirement with Old MutualWe're thinking about the future. Yours.
Need to know more about Savings 4 Retirement?

That's what we're here for. Want to chat more? Call us on 0860 60 7111 and we'll do our best to help you out.

    Good question. In terms of the current tax law, payments made to you are not taxed in your hands as we have paid the tax. Contributions made towards this plan are not tax deductible, as they would be had they been paid into a retirement annuity.

    We want you to be prepared for retirement, so you cannot access your Savings4Retirement Plan. You must stay invested for a minimum of 15 years and you will have access to the money at your normal retirement age. However, you may request that the plan is paid out (after surrender charges) before reaching the retirement age.

    Glad you asked. If during the term of your plan, we recognise your disability, you may choose to get the fund value or continue paying your premiums until the end of the term. If you pass away, the fund value will be paid to your beneficiary(ies) as you have requested. However, if you have not nominated beneficiary(ies), or if they have died, the fund value will be paid to your estate.

    This is very important so stay with us: 

    Missing Premiums

    You may miss up to six premiums over the term of the plan during times of financial difficulty. This is called a Premium Holiday Benefit. Once you have paid all your missed premiums, you may use the Premium Holiday Benefit again. 

    Reducing Premiums

    This plan does not allow you to reduce your premiums. This is so you can maximise your savings and have more for your retirement.

    Stopping Premiums 

    • If you stop paying your premiums and your fund value (premiums less charges, plus bonuses) is more than R1 000, your plan will be made paid-up. This means that your plan will remain active even though you have stopped paying your premiums. A once-off paid-up charge will be deducted. In addition to this a monthly admin charge applies for as long as your plan is paid-up - until you start paying premiums again, the plan reaches the end of its term or your plan is cancelled. 
    • If you stop paying your premiums and your fund value is less than R1 000, your plan will be paid out (after surrender charges).