Living Annuity FAQ
How much will I receive monthly from my living annuity?
I transferred my previous pension to a retirement annuity and the current value of my retirement annuity is R 1,9m and I am contributing R1000 pm. I am 55 years old and after working in West Africa for the past year, earning an income in US dollars, the company went bankrupt and I am currently unemployed. The ideal scenario would be not to take the one-third in cash from my retirement annuity now, but my savings have run out as I have not been able to find employment since returning the end of January and this seems...
Can I withdraw all the funds from my living annuity?
I have money invested in a living annuity, but some problems have arrived and I need money for my daughter's university and for myself. Is there an option to get my money out of such a fund (I am now 56 years old)? Can you please give me some advice. Thank you.
Who should consider using a living annuity?
Choosing between a living and a guaranteed annuity requires a careful evaluation of your personal needs, circumstances and priorities.In this, you must consider a host of factors that are specific to...
What reports can I expect from the 10X Living Annuity?
10X’s reporting is completely transparent so you can see all the information relating to your investments that 10X can see. The 10X online Administration & Reporting Portal gives you access t...
How much income will my living annuity pay?
You have the flexibility to choose the annual income your living annuity will pay, between 2.5% and 17.5% of your remaining capital at your policy anniversary date. These regulatory income limits are...
