Continue growing the money you have saved so far when you change jobs so that you can continue looking forward to a comfortable retirement. We add an amount, the Wealth Bonus, to your savings as a reward if you remain invested until retirement. The longer you stay invested, the larger the bonus.
R25 000 one-off payment R5 000 ad hoc payments
How long you invest for
Minimum retirement age of 55 years.
Freedom to change your choice
You have the freedom to switch between investment funds as your needs change. You can make four switches free of charge per plan year.
Your investment choices
You can choose from a wide range of leading investment funds carefully selected by Sanlam.
With the Lifetime Investment Option, your savings are managed by leading asset managers at very low cost, offering you peace of mind for the duration of the investment.
How it works
When you retire
When you retire you will receive your retirement saving plus the Wealth Bonus. You can take up to one third of your savings plus the Wealth Bonus in cash. The balance must then be reinvested in an annuity to give you a monthly income. If the value of your retirement savings is less than R247 500, you will be able to take the full amount in cash.
If you saved in a provident fund or preservation provident fund, you may be able to take more than one third of your savings in cash. The treatment of your retirement benefits is based on whether the benefits have vested rights attached to them or not. Read
here for more information in that regard.
When you die
Your savings plus the Wealth Bonus will be available to the people you have chosen to receive your benefits at death. No executor’s fees apply.
The Wealth Bonus is also applicable if you retire early.
Access to your money
Fees vary per product and will be disclosed upfront on your quotation. Please speak to your Sanlam financial adviser or accredited broker to make sure that you understand which fees you pay and why.
Why get financial advice
It is important to bear in mind that any investment has some risk. We therefore recommend that you consult your Sanlam financial adviser or accredited broker who can help you find the most appropriate products for your needs and circumstances.