FNB Retirement Annuity review 2026
FNB's Retirement Annuity is accessible via the FNB app, with a modest minimum contribution. Verified against FNB's own site and its 2026/27 pricing guide in July 2026.
Key facts
- Minimum contribution: R300/month via debit order, or a R2,000 lump sum (with subsequent top-ups from R300).
- Investment options: the FNB Horizon Series — including the FNB Multi Manager Income Fund, FNB Stable Fund of Funds, FNB Moderate Fund of Funds, FNB Growth Fund of Funds, and FNB Core Balanced Fund — plus access to the wider Ashburton fund range.
- Fees: annual asset management fees range from 0.26% (FNB Core Balanced Fund) up to 1.25% (FNB Islamic Balanced Fund). A separate platform administration fee of 0.35%–0.40% applies on the first R2 million, tiered down at higher balances.
- Tax benefit: contributions are deductible up to 27.5% of your taxable income, capped at R430,000/year — this is the standard SARS rule, not specific to FNB.
How to apply
Log into the FNB App, go to My Investments → Retirement → Retirement Annuity, and apply directly.
Is it worth it?
The R300/month minimum makes this accessible for most earners, and the fee range (0.26%–1.25% depending on the fund) is competitive if you choose the lower-cost options. Compare the specific fund's fee against your risk tolerance before committing, and check other retirement annuity providers if you want a wider fund choice.
