Many of those who have advanced in years can’t keep up their standard of living after they have retired. They either start saving too late, or don’t continue to bolster their investments once they retire. Retirement planning will help you maintain your lifestyle.

Keep growing your investment once you retire

Already

Often, retirees don’t continue to invest or grow their retirement funds once they retire. The egg nest that was meant to get them through their retirement years reduces, and they can’t maintain their standard of living.

  • Term deposits

    Gives you a great way to gain higher investment returns, but don’t need immediate access to your money.

    Dynamic Fixed Deposit

    • Opening deposit of R1 000
    • Opening deposit for upfront interest R100 000.01
    • No monthly administration fees
    • Choice of either a fixed interest rate for guaranteed returns or an interest rate linked to prime
    • Immediate access to your interest upfront or access to up to 50% of your investment
    • Ideal if you want higher investment returns with or without immediate access to a portion of your money

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    Fixed Deposit

    • Opening deposit of R1 000
    • Fixed interest rate for your investment term
    • Choose an investment term that suits you
    • Able to use the account to secure a loan or overdraft

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    Bonus Deposit

    • Opening deposit of R1 000
    • Fixed interest rate, but earn bonus interest of up to 2% if prime interest rates rise during your investment period
    • Able to use your investment to secure an overdraft

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    Islamic Term Deposit

    • Opening deposit of R1 000
    • Shari'ah-compliant
    • No monthly fees
    • Pensioners with specific balances qualify for additional profit share

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  • Unit trusts

    Diversify your investment portfolio with unit trusts — which gives you reach into a wide range of investment markets, both locally and offshore.

    Absa Balanced Fund

    • Opening deposit of R2 000
    • Strong focus on capital preservation
    • Medium- to long-term investment
    • Offshore and local market exposure

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    Absa Multi Managed Accumulation Fund of Funds

    • Opening deposit of R2 000
    • Managed by multiple asset managers
    • Medium- to long-term investment (three years or more)
    • Offshore and local market exposure

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    Absa Global Core Equity Feeder Fund

    • Opening deposit of R2 000
    • Aims to grow your capital
    • Long-term investment (five years or more)
    • Offers geographic and currency diversification

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    Absa Core Income Fund

    • Opening deposit of R2 000
    • Invest R200 per month
    • Higher level of income than money market unit trust funds
    • 48 hours’ notice to access your money

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    Absa Absolute Fund

    • Opening deposit of R2 000
    • Provides a source of income and offers potential for capital appreciation
    • Medium- to long-term investment (three years and more)
    • 48 hours’ notice to access your money

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  • Living annuity

    The Absa Living Annuity reinvests your accumulated retirement savings to provide you with a retirement income — while aiming for additional long-term investment growth.

    Absa Living Annuity

    • Initial investment of R50 000 or more
    • A way to reinvest your retirement savings once you retire or move jobs
    • Gives you a monthly income

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  • Share trading and investing

    With retirement, the focus is usually on low-risk investments that give a good income. This can be achieved by selecting the right shares and ETFs which pay consistent dividends. Lower risk is achieved through diversification of your investments which you can accomplish by investing online yourself, or with the support of a dedicated portfolio manager to manage your investment.

    Absa Stockbrokers and Portfolio Management

    • Invest and trade in equities and exchange traded funds locally and offshore in over 20 exchanges
    • No minimum amount to start — debit orders from a minimum of R250
    • With over R250 000 to invest, a portfolio manager can help you
    • Invest in a tax-free savings account, for local and offshore exposure
    • No age limit

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Retirement planning makes all the difference

Planning

Retirement may seem a long way off when you are in your 20s, but the earlier you start retirement planning, the more you will be able to grow your investment to ensure that you maintain your lifestyle in your later years.

  • Retirement annuity

    The Absa Retirement Annuity is an ideal way to invest if you are currently employed and want to make an additional provision for your retirement years, or if you are self-employed or do not have a company pension or provident fund.

    Absa Retirement Annuity

    • Initial investment of R10 000 or more
    • Minimum monthly contributions of R250
    • Flexible investment term based on your selected retirement age
    • Tax-free transfers from other pension, provident or retirement annuity funds
    • Can be used to top up current retirement investments

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  • Core retirement annuity

    The Core Retirement Annuity from Absa is a low-cost retirement annuity based on life-stage investing, and ensures that you get the most benefit from your investment.

    Absa Core Retirement Annuity

    • Minimum initial investment of R10 000 or monthly contribution of R500 or both
    • Portfolio adjusts according to life stage as you near retirement
    • Contributions are tax deductible
    • Can be used to top up current retirement investments
    • Tax-free transfers from other pension, provident or retirement annuity funds

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  • Preservation fund

    The Absa Preservation Fund is an ideal way to preserve your investment if you are currently moving from one employer to another, have been retrenched, or are looking for a flexible retirement savings option.

    Preservation Fund

    • Minimum initial investment of R25 000
    • Used to preserve your investment when you move between employers or are retrenched
    • No minimum investment term

    Apply now

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  • Share trading and investing

    With retirement, the focus is usually on low risk investments that give a good income — which can be achieved by selecting the right shares and ETFs which pay consistent dividends. Lower risk is achieved through diversification of your investments — which you can accomplish by investing online yourself, or with the support of a dedicated portfolio manager to manage your investment.

    Absa Stockbrokers and Portfolio Management

    • Invest and trade in equities and exchange traded funds locally and offshore in over 20 exchanges
    • No minimum amount to start — debit orders from a minimum of R250
    • With over R250 000 to invest, a portfolio manager can help you
    • Invest in a tax-free savings account, for local and offshore exposure
    • No age limit

    Apply now

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You can also get an overview of all our products here:

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