The PSG Wealth Living Annuity is a post-retirement product that allows you to re-invest your accumulated retirement savings to provide a retirement income, while targeting further investment growth.
You can choose to invest in a broad range of unit trusts, a selection of hedge funds, and a wide array of shares and other securities through the Private Share Portfolio. (You can choose any combination of underlying investments, but it might be prudent to adhere to the guidelines set by Regulation 28 of the Pension Funds Act.) Each year, you must withdraw between 2.5% and 17.5% of your investment as income.
This gives you the flexibility to control your investment. As your returns are not guaranteed, it also gives you the responsibility of making sure that you invest appropriately and choose a withdrawal rate to make your retirement capital last. It is advisable to ask a financial adviser to assist you.
Minimum lump sum investments: R20 000
For more information and how to invest,
click here or visit our FAQ page.
Click here for a list of available unit trusts
Click here for the Equity Linked Living Annuity Key Information Document
Click here for more information on the Private Share Portfolio
Hedge funds are available through duly licensed financial advisers. Please
contact your adviser for more information.