Choose between a Living Annuity and our innovative Living Annuity Plus, which combines some of the best annuity features in one product – flexibility combined with an increased probability that your income will last for life.

Make retirement income last longer - Invest in our Living Annuity Plus

A key feature of the Living Annuity Plus is that it invests a monthly rand amount into the client’s investment every month. The amount is calculated based on the information entered into the portal and considers primarily the retiree’s age, gender, the contribution amount (later market value), and the funds invested into. We pay this amount into the annuity account each month in addition to the investment returns that they are already earning. These payments are called ‘top-ups’.

These top-ups boost the growth of their savings and make their money last longer, making it less likely that they will run out of money before they die.

Watch how different annuities work

There are mainly two types of annuities: life annuities and living annuities, which offer different features and benefits, as shown below. We offer a Living Annuity as well as the innovative Living Annuity Plus, which combines some of the best annuity features in one product – flexibility combined with an increased probability that your income will last for life.

Both annuities are underwritten by Nedgroup Structured Life and offer an approved range of Nedgroup Investments unit trust portfolios as underlying investment options.

Learn about the Nedgroup Investments Living Annuity Plus

We pay a certain amount into your annuity account each month in addition to the investment returns you are already earning. These top-ups boost the growth of your savings and make your money last longer, making it less likely that you will run out of money before you die.

What to do if a life annuity is the recommended option for you

Nedgroup Investments does not offer a life annuity as part of our product offering, so if your MyRetirement Portal retirement plan recommends a life annuity, it is your responsibility to find a provider that offers life annuities. Your retirement coach will be able to guide you in the right direction.

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