Retirement Annuity FAQ
How do I claim my late father's money?
Help me claim my father that passed away's money.
What is the purpose of a non-resident bank account?
My late father-in-law had been receiving a monthly annuity payment from SA, paid into a non-resident account and from there transferred to his account in the UK. The policy was held on a survivorship basis so that his wife could continue to receive the payments until her death. However, the insurance company stopped the payments into the SA account after his death because it was not also in his wife's name. They say she must open an SA N-Res account in her own name, but these accounts all seem to stipulate that deposi...
Can I cash in my Liberty Life RA?
I want to cash in my Liberty Life RA. I want to know if it is possible and, I also want to know what the units mean in my policy - is it worth any money? Thank you
How can I appeal against full commutation rejection?
I had two Old Mutual RAs in 2010. At that time I arranged with Liberty Life to transfer one of these Old Mutual RAs to Liberty Life. This RA was then combined with a Liberty RA which I had to form one living annuity. I also have a Coronation Living Annuity which I transferred my retirement fund from my employer into in 2009. I never withdrew any tax-free lump sums from these retirement annuities or my retirement fund when these living annuities were taken out. I have now requested Old Mutual to cash in the remaining...
Can I withdraw my Sanlam RA before age 55?
I have a Sanlam RA which only pays out when I’m 55. Is there absolutely no way I can withdraw my money now? Surely there must be a way? I'm 36 now and I need the money. It is after all MY money? Please help.
