Don’t we all need an investment when we retire, as rhetorical as it sounds, it’s the utmost truth, we all need a retirement plan as we get older. Absa, one of the biggest South African Banks has just a plan for you called: A retirement annuity with a clear vision. The retirement annuity, allows you to build a portfolio that caters to your special needs.
It comes with a lot more than than you can bargain. This retirement plan is ideal if you are still employed and yet want to make additional provision for your retirement and works best even if you do not have a company pension or provident fund.
iRead: Retirement and Living Annuity Plans
With this plan, you can build a diversified portfolio with options from a comprehensive range of funds. Yes, you can also do a tax-free transfer from an approved pension, provident, preservation, or other retirement annuity funds absolutely free. If you are under the age of 55, you can select your specific retirement age.
How much can you invest?
You can easily invest one lump sum of over R10 000 – and in addition, make monthly contributions of R250 ro your retirement fund.
This plan has no penalties related to minimum investment terms or minimum monthly contributions – and thus sounds like a good plan to dwell into.
Nothing is hidden. No hidden fees and investments, everything is as transparent as it gets.
How to Apply?
From the date of this publication in 2021, you can apply apply online and through the Absa Retirement Annuity Core Portfolio, Alternatively, you can talk to an adviser (whose still gonna be your consultant on 0860 111 630)
Should it happen that you are not an Absa customer, you can register online (https://ib.absa.co.za/absa-online/registration/) and or apply online (https://ib.absa.co.za/absa-online/index-osf.jsp)
iBusiness only offers advise and is not endorsed by any financial institution. The best way is to call the number: 0860 111 630 and speak to a consultant for more information.
Absa Bank Limited. Registration Number: 1986/004794/06 Authorized financial services and registered credit provider NCRCP7 (You can confirm this on your own, but iBusiness makes a thorough research for each company before any publication)
