Main features

With Capital Retention Plan, you will receive a guaranteed pension for the rest of your life.  At death the income ceases but your original capital is preserved and paid to your estate or any beneficiaries you nominated.

The capital is preserved by way of a life policy for which you need not provide proof of good health.  The premiums of this policy are funded from your pension payments.  The cover and premiums on the policy are guaranteed, which means that your income will never be decreased, even if increasing risk factors should force Sanlam to increase premium rates.

Income guarantees
Guaranteed for the whole time the pension is payable.

Increasing income options
You can select to increase the income level annual up to 10%.

Tax implications

Your pension
The income you receive from your Capital Retention Plan are fully taxed at the tax rate applicable to the income the pension provides.

Tax on amounts payable to your beneficiaries after your death

Estate duty
The lump sum payable at your death forms part of your estate and constitutes a dutiable asset.

Investment tips
It is important to consider your personal position before you make a decision concerning your investments, as your financial needs, tax obligations, income and assets will change after retirement.

Contact us
Would you like to know more?  Speak to your Sanlam adviser or your broker, or contact us at 0860 000 121.  We will put you in touch with someone who can prepare a total retirement plan for you.