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.
Discontinuation of posted statements
As from 31 October 2020, your Savings and Investment statements will only be available electronically, via email, Absa Online or the Absa Banking App for you to access whenever you need.
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Term deposits
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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Unit trusts
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Living annuity
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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 annuity
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Core retirement annuity
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
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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
You can also get an overview of all our products here: