Retirement Annuity FAQ

What is a retirement annuity?

An RA is a retirement fund in terms of the Pension Funds Act. It is a tax effective investment vehicle designed for individual investors (as opposed to employees who contribute to a workplace retirement fund). An RA is ideal for people who- are self-employed;- don’t have access to a work-place pensi...

Can I claim retirement annuity contributions that I did not previously qualify for?

I have a question I've asked several advisors, but don't yet have a clear answer.I took out a Libery RA in 1998, and another in 2002. I paid about 10% of salary into them, and took the tax deductions...

Am I taxed for my portion of my ex-husband’s retirement fund?

In my divorce settlement I received 50% of my ex-husband's annuity gratification amount. He is now 64 and it pays out in a week. He is going to pay my share and the tax, if any, will already have been...

How are your retirement annuity benefits taxed?

Source: South African Revenue ServiceAnnuity payments are taxed as income, according to the personal income tax tables.

What reports can you expect from the 10X Retirement Annuity?

10X issues regular performance updates:Benefit statements. These are updated online weekly, and emailed to members quarterly. The information is presented in a clear and simple manner, to avoid c...

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