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- About
- Options
- Guidance
- Benefits
- Insights
- Charges
- Our solutions
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about
Introduction
With control over the underlying investments and the income you draw, you can manage your retirement savings to get a sustainable income that will suit your needs.
- Minimum contribution
R100 000 lump sum; R15 000 per additional contribution from an approved retirement fund.
- How long to invest for
For life, or until you transfer your investment to a life annuity.
- Freedom to move your money
Later in retirement, if you require more income security, you can move your living annuity to a life annuity without penalties.
- Freedom to change your choice
You have total freedom to change your underlying investments. There is no charge to make a change, but depending on where you move your money to, initial investment charges may apply.
options
Your investment choices
Access to the widest choice of investments
A range of risk-profiled investment funds.
Local or offshore funds.
Actively managed or passive index-tracking funds.
Single manager or multi-manager funds.
Individual shares, exchange traded funds (ETFs) and other instruments
guidance
How it works
benefits
What retirement with Glacier offers you
You can adapt your income level (within the legal limits) and the frequency at which you receive your income once a year, which means you can adapt your cash flow to meet your changing needs.
You can choose the underlying investments to ensure they match the level of risk you feel comfortable with.
When you die, the available money is transferred to your beneficiaries, enabling you to leave a legacy. They can either take it in cash or continue with the annuity.
insights
Things to consider
- Factors that impact your income
You should consider the following factors that impact the income you receive from an living annuity:
The income level you select, taking into account current and future inflation.
The performance of the underlying investments.
How long you expect to live for – if you live longer than the initial estimate, you run the risk of outliving your capital.
- When you die
Your dependants may benefit from the money from your living annuity after you are gone. They have the option to continue with the living annuity in their name or choose to receive the benefit as a lump sum payment (subject to tax). They may also combine a lump sum payment with a living annuity in their name.
- Emigration
Your income is still payable into a South African bank account. However, if the value of your living annuity drops below R125 000, you may withdraw your money as a taxable lump sum.
charges
Tax and fees
Fees vary per product and underlying investments. Please speak to your financial intermediary to make sure you understand which fees you pay and why.
Tax benefits
At retirement from the retirement fund, there is no tax on the amount that is transferred to the Glacier Investment-linked Living Annuity (or any other approved product that provides you with an income during your retirement).
The investments within an investment-linked living annuity are not subject to income or capital gains tax.
What is taxable?
There is tax on the income you receive (taxed at individual tax rates).
our solutions
Create a reliable income stream to support your retirement goals
Choose a retirement solution that will ensure a sustainable income for the rest of your life.
- Solutions
Sanlam Life Annuity
Enjoy a guaranteed income throughout retirement, with the option to select a specific period during which the income is guaranteed irrespective of whether you are still alive, so that your family is taken care of.
The Sanlam Income with Capital Preservation Plan
Receive a regular income from your retirement savings for the rest of your life and take care of your family by means of an added life cover policy.
Combination of Life and Living Annuity
Combining a living annuity and a life annuity will provide the certainty of a guaranteed and stable income on one hand, and income flexibility and continued capital growth on the other.