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Plan for the life you deserve with the Living Annuity
Call me back View brochure
Plan for the life you deserve with the Living Annuity
Invest for a specific purpose, while enjoying greater benefits while you save.
Call me back View brochure

Living Annuity benefits

Sustain your lifestyle

Sustain your lifestyle 

Plan for stability and ensure you live a comfortable life.

Grow your money

Grow your money

Plus, live well by using your savings wisely post-retirement.

Combat inflation 

Combat inflation 

Afford tomorrow's world with the flexibility of your Living Annuity.

What you need to know

What is it?

Fees and charges

Tax implications

How to apply

  • What is it?

    • Once you retire, you need to draw an income from your pension, provident or retirement annuity fund in which you have been investing
    • A Living Annuity allows you to invest your accumulated savings wisely and earn regular retirement income.
       

    What do you get?
     

    • Helps you consider consumption rates, returns and rising living costs for money longevity
    • Ensures that your capital works for you during retirement.
       

    Terms and conditions apply.*

  • Fees and charges

    Minimum lump sum investment:

    • R 75 000 

    Annual policy charges for investments up to:

    • First: R250 000 – 0.86%
    • Second: R500 000 – 0.57%
    • Above: R750 000 – 0.29%

  • Tax implications

    • No tax is levied on capital appreciation, dividends, interest or rental income received within the product.
    • Income payments are taxed according to your marginal tax rate, according to the prevailing Pay As You Earn (PAYE) tables published by SARS

  • How to apply

    To start investing, all you need to do is:

     

    1. Download and complete the forms below
    2. Email the forms to clientservices.glacier@absa.africa
    3. We'll get back to you as soon as possible
       

    Forms:

    One Investment form for Individuals

    One Investment form for Legal Entities
     

    Need something else?

    We have investments to suit your budget and goals. Visit the resources page for more.

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Need more help?

Let one of our consultants help you get the best investments for your needs.

Contact us:

Call us on : 0860 222 150

Email us at : clientservices.glacier@absa.africa