Can I take out a loan against my retirement annuity?

Question:

I've had a retirement annuity plan with Old Mutual for 8 years now and wish or hope to get a loan against it to start my planned business.How can I go about to do this?

Answer:

Bulumko, By law, you are not permitted to take a loan from your retirement annuity

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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