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Old man in his blue overalls fixing his bicycle that's placed upside down in his living room.

Annuities

A successful retirement means that you are able to maintain the lifestyle you've become accustomed to. At retirement, most members use their retirement savings to buy an annuity. This is the income they’ll receive during retirement. We want your employees to feel secure knowing they'll have a regular income during retirement. We offer a full range of solutions to meet different needs and requirements, like:

  • Retirement funds that want to outsource pensioner liabilities to an insurer.
  • Retirement funds that want to provide their members with cost-effective annuity options at retirement.
  • Employers who want to outsource post-employment medical aid obligations to an insurer.
  • Retirees who want to convert their retirement savings into an income stream.

Our solutions


Guaranteed
Life Annuities

Retirees use their retirement savings to buy a guaranteed life annuity. Guaranteed life annuities pay a regular income for life to the pensioner and could include their spouse and dependants.

A regular income for life so they never run out of money.
The initial income is guaranteed and will never decrease.
Four annual increase options to choose from.



Living
Annuities

A living annuity is a market-linked investment that gives pensioners a regular retirement income while at the same time aiming to grow their retirement savings.

A portion is withdrawn from their retirement savings each month to provide them with a regular income.
The market value will vary, depending on the performance of underlying portfolios and the income drawn by the pensioner each month.
Money left after the pensioner passes away will go to their beneficiaries or estate.

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Guaranteed Life Annuities

Our Guaranteed Life Annuities pay a regular income for life to the pensioner and protects them against market fluctuations. Their initial income together with any future increases is guaranteed to never decrease.

Future annual increase options

We offer the following future annual increase options on our Guaranteed Life Annuities:

  • No increases

    This option provides no future increases, which means the pensioner will receive the same income monthly, with no annual increases.


  • With-profit annuity increases

    Pensioners will receive future increases that are based on bonuses declared annually by us.
  • Fixed increases

    This option provides guaranteed future increases at a fixed rate. For example, if an increase of 5% is selected, the pensioner’s monthly income will increase by 5% annually.
  • CPI-linked increases

    This option gives pensioners future increases based on the declared Consumer Price Index (CPI). This means that they will receive a different percentage increase every year depending on the CPI.

What is a with-profit annuity?

A with-profit annuity provides the pensioner with the security of a guaranteed income for life.

Annuity increases are declared every year and once an increase is granted it can never be taken away. The new higher amount is guaranteed for the rest of their life.

Golden Income With-Profit Annuity

Pensioners get the security of a guaranteed income for life which usually provides a relatively higher starting income and lower expected increases.

Golden Growth With-Profit Annuity

Pensioners get the security of a guaranteed income for life which usually provides a relatively lower starting income and higher expected increases.

Customised with-profit annuities

This option will meet post-employment medical aid liabilities where a guaranteed and growth account is required. The guaranteed account can be any of our guaranteed life annuity options and the growth account will consist of market-linked investments.

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Enjoy market exposure by investing in a living annuity

Living annuities are market-linked investments designed to give pensioners a regular retirement income, while simultaneously aiming to grow their retirement savings.

A small portion is withdrawn from their retirement savings each month to provide them with a regular income.

The market value of the living annuity will vary, depending on the performance of the underlying investment portfolios, and the level of income they withdraw every month. Any money left after the pensioner passes away will go to their beneficiaries or estate.

Living Annuity option

Golden Living
Annuity Range

Provides exposure to the investment markets, with the flexibility of choosing an income that suits the pensioner’s retirement needs.


Need advice?

Get one of our financial advisers to call you back.

Other Momentum Corporate products

FundsAtWork
Umbrella Fund

Comprehensive and flexible retirement and insurance solutions with value-added benefits.

Investments

Our range of investment portfolios can be tailored to suit your employees’ retirement goals and investment needs.

Healthcare for Corporates

Flexible healthcare and wellness solutions for your employees.

Group
Insurance

Reduce the financial impact of unexpected life-changing events for your employees.

Momentum Retirement Administrators

We provide flexible administration services that can be customised for standalone retirement funds.

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