Retirement Annuity
Upfront investments from
R25,000
R1,000
What is a retirement annuity?
A retirement annuity (RA) is a tax efficient investment vehicle designed for individual investors who are not exposed to a workplace retirement fund or for investors who want to supplement their pension or provident fund savings.
How does a retirement annuity work?
RAs allow your money to grow tax-free and also allows you to deduct your contributions up to 27.5% or R350 000 of your annual taxable income. Any contributions above the annual deduction limit can be rolled over to the following year.
Your RA can be accessed from age 55 onwards unless you retire early due to ill-health or emigrate to another country. At retirement, one third of your investment can be withdrawn as a lump sum (subject to lump sum tax) and the remainder of the investment must go towards a compulsory annuity. If your balance is less than R247,500 you can withdraw 100% of your RA in cash.
What are the benefits of a retirement annuity?
- Savings are protected from creditors (Savings are safe regardless of any financial loss experienced in your life)
- Tax benefits, tax-deferral allows income tax to be paid at a later stage when funds begin to be withdrawn
- Provides savings for retirement
Bayswater Capital is a Retirement Annuity Specialist
An effective approach to invest in your future is through a Retirement Annuity. However, you must minimise expenses, maximise returns, and draw a sustainable income if you want it to maintain your lifestyle using a living annuity. Our Retirement Annuity specialists make every effort to provide for your needs.
We are a well-established Retirement Annuity specialist trusted by high-net-worth and family office clients for our client specific solutions. As your dedicated investment partner, we will work closely with you to develop bespoke Retirement Annuity solutions and innovative investment ideas that preserve your wealth and guide you to lasting financial wellbeing.
Bayswater Capital is a well-established niche player in the financial services sector. We have a strong focus on personal relationships coupled with insightful strategies enables us to help clients make the best financial decisions around Retirement Annuites to protect their wealth in the long term.
We hope to build long-lasting relationships with our clients that can add value to them across all facets of their financial lives.