Question:
Can I borrow or draw funds from my retirement annuity? I have a financial crisis and require urgent access to the policy. It is an Old Mutual RA. Kind regards Karen Kloppers
Answer:
Karen,
By law, you are not allowed to borrow from your retirement annuity. You can only access this money at age 55.
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.
