Retirement
What are the benefits of investing in the M&M Retirement Annuity?
Exact Income Fund: The optional Exact Income Fund is a one-of-a-kind portfolio that guarantees exactly what your retirement income will be from the moment you invest. Additional retirement income is secured and guaranteed when further amounts are allocated to this portfolio.
High-Water Mark Guarantee: Protect your investments best returns every quarter with the optional High-Water Mark Guarantee. This will protect 80% of the portfolio’s best investment performance as measured at the end of each quarter. When you have a new best, it locks it in. The guarantee runs for a five-year period. At the end of the guarantee period your investment gets a top up if the value of your guaranteed portfolios is below the guaranteed level.
A great amount of choice: You can choose investment portfolios from some of the top asset management companies in the country.
Aggregation: Portfolio growth is not the only factor affecting how much you are able to enjoy in your retirement – fees are also important. To this end, we have introduced aggregation which means that if you have two or more qualifying investments, we will combine the investment values to reduce the overall platform fee that you will pay on your retirement product. If you cancel, transfer or surrender any of your qualifying investment products or take an advance on any of these products, then the platform fee will be adjusted accordingly.
Retirement
A retirement annuity is a tax-effective retirement investment, which is designed for individuals who want to save towards their retirement. This may be in addition to your existing pension or provident funds that you already participate in through your employer.
From 1 September 2024, the new Two-Pot Retirement System will come into effect. It will preserve a portion of your retirement savings and will also allow you to withdraw a portion of your retirement savings in the case of financial need
All or a portion of your contribution may qualify for a tax deduction thereby reducing your tax bill, while the growth in the retirement is tax free. Additionally, because the money can only be accessed at retirement (from age 55), it helps you improve your investment discipline. Your funds are protected from creditors to safeguard your retirement savings.
You can invest through regular monthly debit orders, a lump sum investment or a combination of the two.
Invest a R15,000 lump sum or invest with recurring investments of at least R500 per month.
For more details about benefits, definitions, guarantees, fees, tax, limitations, charges, premiums/contributions or other conditions and associated risks, speak to M&M Financial Adviser and request a quote.
Schedule a free consultation
For a comprehensive life insurance quote, contact a M&M Financial Adviser, who will prepare a life cover quote that may best suit your needs.
M&M Financial Adviser will complete a holistic financial needs analysis to ensure that we are able to give you specific life insurance cover for your unique personal or business needs.
They will also be able to provide more details about benefits, definitions, guarantees, fees, taxes, limitations, charges, premiums or other conditions and associated risks.