Question:
Can I take out a loan against my retirement annuity and how long will it take to be processed?
Answer:
Peter,
Unfortunately (or perhaps fortunately), you are not permitted by law to take a loan from your retirement annuity. This is to preserve your retirement savings until you do retire.
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.
