WELCOME TO AMETHYS

Because retired
life should be

SIMPLE

THE AMETHYST LIVING ANNUITY

A living annuity is a retirement investment product that  allows retirees to receive regular income payments while  keeping their investments in the financial markets.

KEY FEATURES

  • Annual return: 12.12% (10.04% in your Living Annuity)
  • Investment period: Min 5 years – No maximum
  • Minimum amount: R100 000
  • Inflation Protector* – additional return of 9% of your original investment capital, paid at 5th anniversary of transfer or retirement

*Inflation Protector return assumes a full 90% allocation of your original capital invested to the Everest Strategic Income Portfolio at inceptionTransfer 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.

AMETHYST BENEFITS

FLEXIBILITY

You can specify the income you want to receive, between the current legislative limits of 2.05% and 17.05% p.a. of the value of the annuity policy. This drawdown limit may be adjusted once a year.

REGULAR INCOME

You can select how often you receive your income; paid monthly, quarterly, bi-annually or annually, which can also be adjusted once a year, when reviewing your policy.

WITHDRAWALS

You may not withdraw from the annuity policy in addition to annuity income unless the value of the policy is below the legislated minimum amount of R125 000, in which case a full withdrawal may be requested. Withdrawals will be subject to income tax.

TAX

Income tax will be deducted from your annuity income before it is paid out to you, under South African income tax legislation. To promote greater growth, no tax is levied on returns earned within your living annuity such as interest, dividends, capital gains or REIT (Real Estate Investment Trusts) tax.

IN EVENT OF DEATH

You can specify the income you want to receive, between the current legislative limits of 2.05% and 17.05% p.a. of the value of the annuity policy. This drawdown limit may be adjusted once a year. Should you pass away, any remaining money in the annuity policy will be paid to your nominated beneficiaries, and should you not have nominated beneficiaries, they will not form part of the estate and will not be subject to estate duty tax or executor’s fees.

AMETHYST BENEFITS

FLEXIBILITY

You can specify the income you want to receive, between the current legislative limits of 2.05% and 17.05% p.a. of the value of the annuity policy. This drawdown limit may be adjusted once a year.

REGULAR INCOME

You can select how often you receive your income; paid monthly, quarterly, bi-annually or annually, which can also be adjusted once a year, when reviewing your policy.

WITHDRAWALS

You may not withdraw from the annuity policy in addition to annuity income unless the value of the policy is below the legislated minimum amount of R125 000, in which case a full withdrawal may be requested. Withdrawals will be subject to income tax.

TAX

Income tax will be deducted from your annuity income before it is paid out to you, under South African income tax legislation. To promote greater growth, no tax is levied on returns earned within your living annuity such as interest, dividends, capital gains or REIT (Real Estate Investment Trusts) tax.

IN EVENT OF DEATH

Should you pass away, any remaining money in the annuity policy will be paid to your nominated beneficiaries, and should you not have nominated beneficiaries, they will not form part of the estate and will not be subject to estate duty tax or executor’s fees.

LIFE ANNUITY

A life annuity is not an investment, but rather an insurance policy. It offers you the ability to forfeit your retirement capital (unless certain additional polices or guaranteed terms are taken up) in exchange for purchasing a policy that provides for a set income for the remainder of your life.

LIVING ANNUITY

A living annuity is an investment that allows for flexibility with regard to the amount of income you wish to draw from your capital, which can be left to your loved ones. However this is not guaranteed and therefore underlying investment solutions should be chosen to suit the income required by you, the retiree.

AMETHYST LIVING ANNUITY

Invest in a future worth living for.

Take the first step toward the retirement you deserve. Speak to your financial advisor or contact Everest Wealth.

Please contact me about the Amethyst Living Annuity

Amethyst