Living Annuity
Personal Wealth Management
Plan for Retirement
Retire the way you want to. PSG offers expert guidance and tailored solutions to help you build, grow and protect your savings, so you can achieve your goals no matter where you are in your journey.
Products
Living Annuity
About
Convert your retirement savings into a steady income, giving you financial security and flexibility in your retirement years.
Benefits
- Draw between 2.5% and 17.5% of your retirement savings each year
- Choose your income as a fixed rand amount or a percentage of your investment
- Select payment frequency: monthly, quarterly, half-yearly, or annually
- Withdraw your full investment if it is under R150 000
- Talk to your adviser to find the drawdown plan that suits you best
Suitable For
- Anyone retiring from a pension or provident preservation fund, or retirement annuity, or transferring from an existing living annuity
- Those who want flexibility in choosing their income and investment options
- Those who want their investment proceeds to go to their beneficiaries upon death
Preservation Fund
Preservation Fund
Preservation Fund
About
This pre-retirement product helps you to preserve and continue growing your retirement savings if you leave an employer's pension or provident fund.
Benefits
- Preserve your retirement savings if you change jobs, are retrenched, or your employer's fund closes.
- Grow your investment tax-efficiently, keeping more of your money working for you.
- Flexible investment options to suit your risk profile and goals.
- Peace of mind for your loved ones – proceeds can be paid to your beneficiaries on death.
- Professional administration and support through PSG Life Ltd and PSG Invest.
Suitable For
- Individuals who want to preserve their current retirement savings.
- Individuals who want flexibility in choosing their investments.
Retirement Annuity
Retirement Annuity
Retirement Annuity
About
A Retirement Annuity provides you with a tax-efficient way to save for retirement or to supplement your existing retirement savings.
Benefits
- Save for retirement with a disciplined, long-term approach
- Make lump-sum, debit order, or ad hoc contributions
- Choose from a range of unit trusts and shares
- Contributions may be tax-deductible
- Investment growth is tax-free and proceeds up to a certain amount are tax-free at retirement
Suitable For
Anyone wanting a retirement investment with tax benefits
Save For Retirement
The results of this retirement calculator are for illustrative purposes only. For a detailed outline let one of our trusted advisers call you back.
To retire at 0 you need to make a contribution of
0
Saving R0 per month will result in a monthly income of
0
Or you will need to work until you are
0
Read more about the assumptions applied
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Calculator Disclaimer
The PSG Investment and Retirement Tool is for information purposes only and does not constitute advice.
Using standard financial calculations, it provides an estimated savings target in order to understand the savings requirements that must be met to achieve the estimated target. The tool is based on multiple assumptions:
- Inflation: 5% p.a.
- Salary inflation for retirement investing: 6% p.a. (inflation plus 1% allowing for career growth)
- Your monthly pension income in retirement increases at 6% p.a.
- Returns:
- Short-term returns: 1 - 2 years, 6% return p.a. (1% real return)
- Medium-term returns: 3 - 5 years, 8% return p.a. (3% real return)
- Long-term returns: 6 years or more, 10% return p.a. (5% real return)
In line with these assumptions, the tool does not take the following factors into consideration:
- Tax implications of investments for investors.
- Investment or product fees (i.e. all estimates are based on gross returns).
- Advantages or limitations relating to specific investment products.
- Volatility in investment returns due to asset mix and time horizons.
- Different inflation rates applicable to various items and time horizons.
Should you wish to rely on the calculations from this tool, you are advised to check the calculations before using them as PSG will not be liable for any inaccuracy in the calculation.
Speak to your financial adviser before making an investment decision. We don't guarantee that the information or any investment product is suitable or valuable to any investors. You should consult a registered financial adviser to get advice about whether our investment plans and the funds are suitable for your personal investment needs.