Retirement Annuity FAQ
Is it legal to be penalised for reducing my retirement annuity premium?
Is it good practice/legal for an investment firm to charge a penalty if I request to have my monthly retirement annuity premium reduced?
How can I access an unclaimed death benefit?
Hi. I was wondering if you could help me, as I have been battling to get information on the internet. I'm trying to find out if my father has any unpaid benefits still owed to him. He worked in the military and air force in the 60's, which is what is making it so difficult to get info. He has since passed away. Any help would be much appreciated! Thank you.
Can I withdraw my retirement annuity as a lump sum when I emigrate?
It it correct that when a client goes overseas he may withdraw his retirement annuity as lump sum? What does legislation say?
Can I sell my retirement annuity?
Can I sell my retirement annuity policy as I desperately need the money?
What are the tax implications when reinvesting a retirement annuity?
I have a Sanlam RA that will pay out in +5 years time. The question/s is/are as follows. Since 2001 I have not been living or working in SA (I have not officially emigrated). Since 2007 I have been working and paying taxes in China, where my Sanlam RA contributions are not tax deductible. What happens at age 55 - do I still pay tax on 1/3rd even though I have not had any tax deductions? Can I reinvest the whole amount for, say, another 5 years and then convert it to a monthly pension (the full amount, not making a cas...
