Retirement

Managing your living annuity in an uncertain world

COVID 19: National Treasury grants temporary relief on living annuity draw down percentages

On 1 June 2020 the Government Gazette was published allowing changes to the drawdown percentage on living annuities to between 0.5% and 20% of the asset value for a period of 4 months, to 30 September 2020.

Change your living annuity, not your drawdown rate

The relatively poor market returns over the last five years, coupled with the devastating crash in March this year, has exposed the risks associated with standard living annuities where pensioners carry all of the investment and longevity risk on their own.

Longevity and sequence risk: stop these from ruining your retirement

According to the most recent Sanlam Benchmark Symposium survey, 51% of pensioners can’t make ends meet.