Living Annuity
The Investec Living Annuity provides a tax-efficient and flexible way for individuals to manage their own pension income when they retire from an employer’s retirement fund, a retirement annuity or a preservation fund.
| Minimum investment | R100,000 lump sum. |
| Income benefit | 2.5% – 17.5% of the capital (investment amount) per annum. |
| Death benefit | A lump sum or an annuity may be elected by the beneficiary/ies, subject to any applicable tax. |
Within the Investec Living Annuity members can choose between iSelect, FundSelect and FundChoice, depending on the level of investment choice they need. In addition, members can choose their own level of pension income, within regulated limits.