Can I buyout my retirement annuity?

Question:

In the US a person can buy-out their retirement annuity. Can the same be done in South Africa?

Answer:

Lesiba, No, you cannot buyout a retirement annuity. You can only access this money from age 55, in the prescribed way.

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.

Category: Retirement Annuity

Topic: Customer Questions

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