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WELCOME TO AMETHYST
Because retired
life should be
SIMPLE
THE AMETHYST LIVING ANNUITY
Enjoy a worry-free retirement with a steady income stream. Amethyst Living Annuity is designed to provide you with financial peace of mind, flexibility, and growth potential. Our expertly managed investment solution helps you make the most of your retirement savings, ensuring you can live life on your terms.
KEY FEATURES
- 12.12% Annual Return
- Minimum Investment: R100,000
- Additional Inflation Protector
- Class A Preference Share
- Strategic Income Plan
*Inflation Protector return assumes a full 90% allocation of your original capital invested to the Everest Strategic Income Portfolio at inception. Transfer out of this living annuity must be processed upon request however the min. 5-year term refers to early transfer fees that do apply within the first 5 years of investment. Any financial advisor fees charged will influence the returns referenced unless already referenced in any projections.
Understanding Amethyst
Amethyst is a living annuity designed to provide a steady income stream in retirement, converting your accumulated savings into regular payments to help manage your expenses.
Our Strategic Income Plan aims to deliver consistent returns through a diversified investment strategy, focusing on balancing risk and growth potential. While you have the flexibility to adjust your withdrawal rate annually, it’s essential to be aware of the tax implications associated with withdrawals.
Withdrawals from your living annuity are subject to income tax, with the first R125 000 of total withdrawals over your lifetime being tax-exempt. Any amount withdrawn beyond this threshold will incur income tax.
To ensure your withdrawal strategy aligns with your financial goals and accounts for inflation, we recommend consulting with a financial advisor. This approach will help you optimise your income stream while managing tax liabilities effectively.
AMETHYST BENEFITS
FLEXIBILITY
- Choose your income frequency: monthly, quarterly, bi-annually, or annually.
- Review and adjust your drawdown limit (2.5% – 17.5% p.a.) once a year.
REGULAR INCOME
- Receive predictable income to support your lifestyle.
WITHDRAWALS
- Make withdrawals subject to income tax (minimum R125,000)*
- No penalties for withdrawals after 5 years.
*This typically refers to a lifetime exemption for tax purposes. In South Africa, the R125,000 exemption applies to the total amount withdrawn from retirement funds over your lifetime, not annually.
Tax Efficiency
- No tax on returns earned within the living annuity.
- Income tax deducted from annuity income.
Legacy Planning
- Nominate beneficiaries to receive remaining funds.
- No estate duty tax or executor fees apply.
Risk Disclosure
Past performance is not indicative of future results. Investing in Amethyst carries risks, including market volatility. Please consult a financial advisor to determine if Amethyst aligns with your risk profile and objectives.
AMETHYST LIVING ANNUITY
Invest in Your Future
Take the first step toward a secure future. Act now and start building the retirement you deserve. Speak to your financial advisor or contact Everest Wealth.
