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What is Old Mutual Retirement Annuity?
- It doesn't cost an arm and a leg. Old Mutual Retirement Annuity is rated one of the best priced in SA
- You get to choose where to invest your money - there's a choice of over 40 Old Mutual funds
- Flex your investment muscle by switching within your portfolio as your needs change along your retirement journey
- No fuss, online application
- You've a long way to go until you retire which means your investment has time to perform for you
Old Mutual Retirement Annuity?
Here are some answers to your questions. Need more? Call us on 0860 234 234 and let's chat.
You get to choose from over 40 Old Mutual unit trusts. You can do this on your own or with the help of an adviser. You also get to switch between funds as you travel down the road to retirement, for example, switch to more moderate, lower-risk funds.
You can invest online or you can download a form.
You can retire as early as age 55. But remember, we're living longer, so you'll need to make provision for about another 25 to 30 years post-retirement.
You may nominate beneficiaries to receive the proceeds of this investment in the event of your death while you are still a member of the Fund. Note that in terms of the Pension Funds Act, the Board of Trustees is tasked with the equitable distribution of the benefit amongst your dependants and nominated beneficiaries. Although the Board of Trustees will take your wishes expressed in the Beneficiary Nomination Form (see below) into account, they are not bound by them but are also required to consider the claims of persons who were dependants, as defined by the Act, at the time of your death.
You can invest a minimum of R500 a month or a once-off sum of R10 000. You can even do both.