Are lump sum contributions to a retirement annuity allowed?


Question:

Do you allow to add money on retirement annuity.

Answer:

John, That depends on the Terms & Conditions of your retirement annuity. But the new age retirement annuities allow you to make period lump sum contributions to your retirement annuity, or to increase your contribution rate without any problems.

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.


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