get in touch
Contact us
Complete this form to get a call back, or call us on weekdays between 08:00 and 17:00.
- About
- Guidance
- Options
- Benefits
- Insights
- Charges
- Our solutions
- Get in touch
About
Introduction
Secure a lifelong income from a life annuity underwritten by Sanlam Life, that allows you to provide for your dependants after your death, and offers annual income growth options.
- Minimum contribution
R20,000 lump sum.
- How long to invest for
For the rest of your life.
Guidance
How it works
Options
Solution flexibility
- Options
Option to add a second life insured
A second life insured can be selected to ensure that the income continues to be paid for the lifetime of a second life. The income will be payable until the death of the last life insured.
Option to reduce income on first death
If a second life insured was added, there is also the option of reducing the income payment by a selected percentage on the first death.
Option to choose the value of the life cover
To provide for your dependants after you pass away, you can choose any amount of life cover, from a minimum of R20 000 to a maximum of the value of your initial investment amount.
Benefits
What the Sanlam Income with Capital Preservation plan offers you
Certainty that you will receive a regular income for the rest of your life.
If you have dependents and want to make sure they are provided for should you pass away, you can choose a second life insured, to whom the income will continue to be paid for the rest of their life. Upon the death of the life insured, a lump sum will be paid to your beneficiaries from the life cover policy. The amount of life cover is chosen by you, before inception of the policy.
The ability to protect the purchasing power of your income, as you have the opportunity to let your income increase by a chosen percentage every year.
Insights
Factors that impact your income
The amount of income you receive depends on the following factors at the start date of the life annuity:
Prevailing interest rates when the capital amount is received.
Your age and gender, and that of the second life insured, where applicable.
The percentage annual income growth you have chosen.
The amount of life cover you have chosen.
Charges
Tax and fees
Fees vary per product and your underlying investment. Please speak to your financial intermediary to make sure that you pay the correct fees and that you understand which fees you pay and why.
Tax details
The income payable to you is taxable at your personal tax rate.
We will deduct income tax and pay it over to the South African Revenue Service on your behalf.
The income received from both life annuities consists partly of a repayment of the capital amount, called “the capital portion” of the income payment. The capital portion could enjoy an exemption from income tax if the requirements of section 10A of the Income Tax Act are met.
Our solutions
Build a secure future for you and your family with our range of investment solutions.
Invest in the financial markets to grow your assets – whether it is to pay off debt, save for your children’s education, contribute to your retirement savings, or simply to ensure financial security.
- Our Solutions
Sanlam Wealth Edge Endowment Plan
Get extraordinary benefits with a five-year tax-efficient investment solution that offers a boost to the initial investment amount, rewards for staying invested and optional protection to limit losses in a declining market.
Glacier Investment Plan
Invest your capital and grow your wealth in a personal investment portfolio, customised by you and your intermediary to suit your needs and tolerance for risk.
Sanlam Fixed Return Plan with Income
Receive a guaranteed monthly income throughout the investment term, along with the return of the original investment amount at the end of the term.