Retirement annuity (RA)

Make provision for a comfortable life after retirement, with extensive tax benefits and protection of your savings until you retire.

A retirement annuity can be a great way to save for retirement

The Ninety One Retirement Annuity is a tax-efficient and convenient way to save for your retirement, offering simple online administration and access to funds that will match your investment profile. When you retire, converting your savings to income is easy.

The Ninety One Retirement Annuity Fund is the ideal solution for people who

  1. Work for themselves
  2. Do not belong to an employer’s retirement fund
  3. Wish to supplement their current retirement savings
  4. Receive extra income, such as a bonus or rent from a property, and wish to grow additional retirement savings

Benefits of the Ninety One Retirement Annuity Fund

Your contributions are tax deductible within certain limits. No income, capital gains or dividend withholding tax is payable within the fund, helping your retirement savings grow faster.

You have the freedom to stop, start or make additional contributions. You can retire any time from age 55.

When you leave an employer, you can also preserve existing retirement savings built up in that employer’s retirement fund.

Here’s how it works

What you need to do:

Complete the Ninety One Retirement Annuity Fund application form online. Select one or more funds from our range of funds and make a once-off and/or monthly investment in the fund.

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.

Can I access my money?

Before retirement:

  • There is no access until age 55, with some exceptions such as formal emigration or ill health (permanent disability).

At retirement (from age 55)

  • You can take a maximum of one-third of the investment amount as a lump sum.
  • You need to invest the balance, or the full value – if you haven’t taken a lump sum – in a compulsory annuity to provide you with retirement income.
  • You may take the full amount of your benefit as a lump sum, if the value is equal to or less than R247 500.

What are the tax benefits?

Your contributions to a retirement annuity are tax deductible and the returns you earn while invested are tax free.

  • When contributing to an RA, your maximum tax deduction* for the year is the lesser of:
    • R350 000
    • 27.5% of the greater of remuneration or taxable income excluding taxable capital gains
    • Taxable income including taxable capital gains
  • No income, capital gains or dividend withholding tax is payable within the fund (you only pay tax on receipt of a cash lump sum).

* When calculating the maximum tax-deductible contribution, member and employer contributions to all retirement funds must be taken into account


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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.