Living annuity

Continue to grow your retirement savings after retirement, while giving yourself the flexibility to change your income annually.

Preserving the purchasing power of your money

If you've saved for your retirement using an employer's fund, a preservation fund or a retirement annuity, you can invest the proceeds when you retire in the Ninety One Living Annuity and draw an income.

Your income after retirement needs to keep pace with inflation. Generating investment returns ahead of inflation is therefore crucial for sustainability of income in retirement.

You need to carefully manage your income stream every year so that your capital has the ability to grow, further enhancing your retirement provision.

Ninety One Living Annuity investors have a range of unit trusts from which to choose. We offer funds that are suitable for retirees who need to preserve their capital and require dependable returns in excess of inflation.

The Ninety One Living Annuity – key considerations

  • You need to be comfortable with assuming market risk
  • You need to have sufficient retirement savings to ensure a sustainable income throughout your retirement
  • A financial advisor can help devise a suitable income retirement strategy for you

Benefits of the Ninety One Living Annuity

You have the flexibility to select your level of income (within certain parameters) and payment frequency.

You have access to a wide range of unit trusts that can help you grow your retirement income.

You can switch between funds as your financial needs change.

On death, your full benefit will be transferred/paid to your nominated beneficiaries.

Here’s how it works

What you need to do:

Complete the Ninety One Living Annuity application form online to invest a portion or the full value of your benefit from a retirement fund in our living annuity. Select one or more funds from the Ninety One range of funds.

View our Core Fund range

What happens with your money?

The fund managers invest your money in a portfolio of assets such as equities, bonds, cash and listed property, based on your fund selection.

The investment is managed on your behalf according to the fund’s objectives, for example, beating inflation over a certain time period. This plays a key role in determining the return on your investment.

What are the investment minimums?

  1. Initial: R100 000
  2. Additional: R10 000

How do you select your income level?

  • You can select between 2.5% and 17.5% of the investment value per year – you can change this percentage once a year at your anniversary date.

How often will you receive income?

  • You can choose to receive income monthly, quarterly, semi-annually or annually – you can change the frequency of income on your anniversary date.

What are the tax implications?

  1. There is no income, dividend or capital gains tax within the policy.
  2. The income you receive is taxed at your marginal tax rate.

Can you withdraw the capital?

  • Only once the value of your living annuity falls below R125 000, can you withdraw the full value.

Invest with us

Choose to invest with Ninety One. Our flexible solutions will help you meet your goals.

Financial advice

We believe in the importance of independent and qualified investment advice. Investments carry risks. Your financial advisor can assess your personal circumstances and identify which solutions/funds best suit your needs.

Find an advisor

Contact us

If you are looking for further information or have any specific questions, call or email us. Our client service consultants are available to assist you with any question you may have.

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Important information

All information and opinions provided are of a general nature and are not intended to address the circumstances of any particular individual or entity. We are not acting and do not purport to act in any way as an advisor or in a fiduciary capacity. No one should act upon such information or opinion without appropriate professional advice after a thorough examination of a particular situation. We endeavour to provide accurate and timely information but we make no representation or warranty, express or implied, with respect to the correctness, accuracy or completeness of the information and opinions. We do not undertake to update, modify or amend the information on a frequent basis or to advise any person if such information subsequently becomes inaccurate. Any representation or opinion is provided for information purposes only.

In the event that specific funds are mentioned please refer to the relevant fact sheet in order to obtain all the necessary information in regard to that fund.

Collective Investment scheme funds are generally medium to long term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. Funds are traded at ruling prices and can engage in borrowing and scrip lending. The fund may borrow up to 10% of its market value to bridge insufficient liquidity. A schedule of charges, fees and adviser fees is available on request from the manager. Additional adviser fees may be paid and if so, are subject to the relevant FAIS disclosure requirements.

Investment Team: There is no assurance that the persons referenced herein will continue to be involved with investing for this Fund, or that other persons not identified herein will become involved with investing assets for the Manager or assets of the Fund at any time without notice.

Investment Process: Any description or information regarding investment process or strategies is provided for illustrative purposes only, may not be fully indicative of any present or future investments and may be changed at the discretion of the manager without notice. References to specific investments, strategies or investment vehicles are for illustrative purposes only and should not be relied upon as a recommendation to purchase or sell such investments or to engage in any particular strategy. Portfolio data is expected to change and there is no assurance that the actual portfolio will remain as described herein. There is no assurance that the investments presented will be available in the future at the levels presented, with the same characteristics or be available at all. Past performance is no guarantee of future results and has no bearing upon the ability of Manager to construct the illustrative portfolio and implement its investment strategy or investment objective.

Certain Ninety One SA funds are offered as long-term insurance policies issued by Ninety One Assurance Limited, a registered insurer in terms of the Long-term Insurance Act. These pooled products are administered by Ninety One SA (Pty) Ltd (an authorised financial services provider) and underwritten by Ninety One Assurance Limited.

This is the copyright of Ninety One SA (Pty) Ltd and its contents may not be re-used without Ninety One’s prior permission. Ninety One SA (Pty) Ltd is a member of the Association for Savings and Investment SA (ASISA). Ninety One SA (Pty) Ltd & Ninety One Investment Platform (Pty) Ltd are authorised financial services providers. Ninety One Fund Managers SA (RF) (Pty) Ltd and Ninety One Alternative Investments GP Proprietary Limited are registered under the Collective Investment Schemes Control Act.