Retirement Annuities

It’s not hard to believe that life really starts when all work ends. But reaping the rewards of years of hard work depends on how financially smart you are today.

Retirement annuities are considered to be some of the best performing and best protected retirement investment solutions available.

This product allows you to invest regular premiums and lump sum deposits to build capital for your retirement. With this investment, you can take advantage of the generous tax concessions available to retirement funds in South Africa. The retirement annuity provides a base for your retirement capital.

A Retirement Annuity is an exceptionally tax-efficient investment that can assist in providing you with an income when you retire.

The current tax benefits of this investment include:

  • Contributions to a Retirement Annuity are tax-deductible up to certain limits.
  • Income and capital gains of the underlying portfolios are untaxed. This saving in tax translates into higher investment returns for the investor, which compound over time.
  • A third of your investment is available as a cash lump sum on retirement, and depending on the amount in your retirement annuity and other retirement benefits you may have received all or a portion of that lump sum is tax-free. The balance will be taxed at flat tax rates depending on the amount.
  • At retirement, a compulsory two-thirds must be used to purchase an annuity. This amount is transferred free of tax to the annuity. The regular amount from the annuity will be taxed as income.

A little about us

At Edge, we do not underestimate the power of vision. We believe that one of our greatest achievements lies in the Quality of our Service. Our motto is "Keeping the end in mind", this does not only apply to our investment principles and future planning principles, but also to our principles regarding service, and what we can uniquely offer our clients.