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Retirement annuities and preservation funds

Tax-efficient retirement investment options designed to help you grow your wealth and secure your future.*

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Want to start investing?

*Our retirement annuities and preservation funds are available to existing Investec Private Bank Account holders. Find out if you are eligible. Or login into your online banking profile to start investing now.

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WHY IT MATTERS

Is your retirement on track?

With Investec’s retirement investment solutions you gain access to Investec Wealth and Investment’s range of unit trust funds. Our funds are managed by experienced fund managers based in South Africa, Switzerland and the United Kingdom and backed by a tried and tested global investment strategy.

Many professionals leave retirement planning too late – or rely solely on employer pensions that may fall short of your expectations. A retirement annuity in South Africa helps you take control, invest tax-efficiently, and build the future you deserve – all within a secure, globally managed platform.

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RETIREMENT ANNUITIES AND PRESERVATION FUND BENEFITS

Retirement annuity fund
  • A long-term investment that allows you access to your funds from the age of 55 years
  • Contributions are tax-deductible within allowable limits
  • Pay no tax on the interest, dividends and capital gains earned within your RA investments
  • Start saving with a minimum monthly debit order of R1,000, an initial lump sum of R10,000 or a combination of the two
Preservation fund
  • An Investment to preserve your pension or provident fund savings when you change jobs
  • A preservation fund allows enhanced accessibility as you are allowed to make one partial or one full withdrawal before retirement (this will be taxable based on the current withdrawal tax table). Should you opt to take a partial withdrawal before retirement, the remainder of the funds will need to remain invested until you retire. You are able to access this from the age of 55.
  • Pay no taxes on the interest, dividends and capital gains earned on your investments within the Preservation fund 

WHY INVESTEC?

Invest in your retirement, guided by global expertise

With Investec’s retirement investment solutions you gain access to Investec Wealth and Investment’s range of unit trust funds. Our funds are managed by experienced fund managers based in South Africa, Switzerland and the United Kingdom and backed by a tried and tested global investment strategy. 

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Actively managed funds

  • Funds are actively managed by our expert Investec Investment Managers
  • All investment decisions are backed by a rigorous global investment strategy
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Rewards and benefits

Access to advisers

You always have the option to speak directly to an Investec Financial Adviser. Our advisers do not charge any additional fees or commission for advice provided.

Leverage our international network

With operations in 14 countries, you get access to our global expertise. Benefit from our multi-faceted, in-depth, global investment process which offers scale, reach and continuous growth.

Boost your Rewards earn rate

The balance across all your investments contributes to determining your earn rate on the Investec Rewards programme.

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Access to advisers

You always have the option to speak directly to an Investec Financial Adviser. Our advisers do not charge any additional fees or commission for advice provided.

Leverage our international network

With operations in 14 countries, you get access to our global expertise. Benefit from our multi-faceted, in-depth, global investment process which offers scale, reach and continuous growth.

Boost your Rewards earn rate

The balance across all your investments contributes to determining your earn rate on the Investec Rewards programme.

MORE INFORMATION

Retirement annuity factsheet PDF 1.39 MB
Preservation fund factsheet PDF 1.51 MB

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Frequently Asked Questions
What is a retirement annuity?

A retirement annuity is a long-term, tax-efficient investment designed to help you save (invest) for retirement. Contributions are tax-deductible, and growth within the fund is tax-free. You can access the funds from age 55, typically as a combination of a lump sum and ongoing income through a living or life annuity. 

How does a retirement annuity work?

A retirement annuity works by allowing you to invest monthly or via a lump sum in a tax-efficient manner. Your money will continue to grow tax-free while invested in the retirement annuity fund until you decide to access it after the age of 55. At that point you can withdraw up to one-third of the accumulated value as a lump sum and use the remainder to purchase a living or life annuity that provides income during your retirement.

Is a retirement annuity taxable at retirement?

Yes, a retirement annuity is partially taxable at retirement. Contributions are tax-deductible (within limits), and investment growth is tax-free. At retirement, up to one-third can be taken as a lump sum—tax-free up to R550,000 lifetime, then taxed in terms of the retirement fund tax table. The income generated from the two thirds through a life annuity or living annuity is taxed according to PAYE tables.

What’s the difference between a provident fund and a retirement annuity?

A provident fund is employer-sponsored, with contributions from you and your employer, and allows a lump sum withdrawal at retirement. A retirement annuity is personally funded, not tied to employment, and offers tax deductions. At retirement, only one-third is available as a lump sum; the rest must provide ongoing income. 

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