A retirement annuity helps you grow your savings money for retirement so that you can draw a regular income once you retire. It can supplement your employer’s retirement fund or be your main retirement savings method.
It is a long-term product that helps you invest in a flexible, structured, and tax-efficient way. The earlier you start saving and investing, the better.
Ensuring you have enough money for retirement is part of your journey to success. We know ‘enough’ is unique for everyone – whether you plan to relax on the stoep, travel, start a new venture or have time with your grandchildren.
A lump sum of N$50 000. A regular debit order of N$500 per month. Additional ad-hoc contribution minimum of N$1 000
Tax-free growth within product over lifecycle. Contributions up to N$150 000 p/a is tax deductible. Succession planning benefits: direct payment to beneficiaries and does not form part of an estate.
Access to funds only upon retirement age 55 or later. Earlier access only permitted under unique circumstances allowed within law.
Namibian citizens or persons with a valid Namibian work permit.
Our flagship range of local and offshore unit trusts.
Other investment solutions managed by Equilibrium, Momentum Outcome-based Solutions, Momentum Asset Management and Momentum Securities.
Unit trusts and investment solutions from other investment managers.
Your financial adviser will help you choose the most suitable investment solutions.
Yes, limits apply to the amount you can deduct from tax.
Yes, you can choose other investment solutions if your needs change. You can also change your beneficiaries.
Only in special circumstances, for example should you emigrate or become disabled.
No.
No.
Yes, subject to certain rules set out in the terms. You could get back less than what you have invested.
