Retirement
Old Mutual
Annuity Plans
Helping you make provision for your retirement in a tax efficient manner is the primary aim of the South African Retirement Annuity Fund (SARAF). The Fund is registered with the Financial Services Board (FSB) and South African Revenue Services (SARS). SARAF operates as a legal entity managed by a board of trustees. This site provides an easy way to access information about your investment in SARAF, the benefits paid by the fund and the investment options available to you.
Book AppointmentTrust Retirement Annuity
Old Mutual Unit Trusts Retirement Annuity Fund (OMUTRAF) is a unit trust-linked retirement annuity that enables you to invest in Old Mutual unit trusts for just R500 per month.
Benefits:
- Investment minimum just R500 per month.
- Invest a lump sum, make regular payments on a monthly basis, make ad hoc payments or opt for all three, with no penalties.
- Access to the full range of Old Mutual’s unit trust funds.
- Structure your retirement portfolio to meet your personal retirement needs.
- Access your portfolio 24/7 in our secure online environment, where you can manage your investment at any time.
- Switch all or part of your portfolio to another of Old Mutual's unit trusts.
- Retirement annuity contributions are tax deductible.
- Any capital appreciation in the value of your units is currently tax free*.
- 15% of non-retirement funding taxable income
- R3 500 less allowable pension fund contributions
- R1 750
*Tax:
Contributions to retirement annuities are tax deductible annually to the greater of:
Max Income
Max Income offers you access to a variety of income solutions tailored to suit your specific needs. All you do is pay Old Mutual a once-off lump sum to receive an income for the term of your choice.
Benefits:
- You can opt for 100% investment allocation.
- You can choose a regular, guaranteed income for a fixed term or for life.
- Flexibility in terms of income frequency and escalations.
- Tax is deducted by Old Mutual prior to income payments according to the current tax tables.
- Depending on the solution you select your minimum investment amount ranges from a lump sum of R10 000 to R500 000.
- You know how much income you will receive and when you will receive it.
- Estate planning benefits: you can provide for your heirs either as an income or capital inheritance.
Retirement Plan
Start planning now for your retirement with this tax-efficient retirement saving with a choice of investment terms. Did you know that a little more than R5 a day (R160 a month) is enough to get you started? Your company pension on its own may not be enough and you can't rely on the state's basic old age pension. There's always likely to be a shortfall between the amount you receive and the amount you actually need for a comfortable retirement.
- Minimum premium = R160
- This is the minimum time period that you need to invest for.
- Money is invested in the Smoothed Bonus Portfolio
- You can take six premium holidays during the life of your Plan.
- Access to investment - only from age 55.
- Annual increase. You can opt out.
