The Sanlam Glacier Retirement Annuity has safeguarded the wealth of numerous South Africans and is poised to continue doing so for future generations. It stands as one of the most favored retirement annuity options in South Africa, owing to its consistent year-over-year improvement in returns. Glacier, a subsidiary of Sanlam Ltd, serves as a broker for Sanlam’s retirement products, which can be accessed through Glacier or Sanlam’s Cumulus Echo.
Your investment strategy will be tailored based on how you want to structure your finances both now and during retirement. Apart from your contributions, the benefits of Sanlam’s Glacier Retirement Annuity include access to top-tier retirement planning experts in South Africa and the opportunity to leverage certain tax advantages associated with retirement annuities.
Sanlam’s Glacier Retirement Annuity is a versatile retirement plan that grants clients access to a wide range of thoroughly researched and renowned investment choices. To enroll in this plan, you need to commit a minimum lump sum of R100,000.00 and make a monthly contribution of R1000.00. However, if you prefer smaller contributions, you can start with as little as R2500.00 or go up to R15000.00 for occasional investments.
Once you’ve made your contribution, you can select from various investment options and direct Glacier on how and when to invest your funds. The Sanlam Glacier Retirement Annuity offers investment opportunities managed by reputable collective management firms, providing exposure to diverse asset classes. These investments can include buying stocks in publicly traded companies, investing in mutual funds, or saving through other means.
Glacier Retirement Annuity lays out the type of investor that qualifies in investing in this annuity. When investing in to the Glacier Retirement Annuity, you need to appreciate that:
Glacier Retirement Annuity is an open investment source for retirement. You get to choose to contribute a lump sum or make monthly instalments towards your retirement.
When contributing to your investment, you will have to choose the fund that you want your contributions to be invested in. With the help of a financial advisor, you will be able to make an investment decision that suits your retirement needs
Upon retirement, that is any age that you have chosen, which should be at 55 years or above, you will receive 33.33% of the value of your savings as a lump sum.
The remaining 66.67% of your retirement savings will be invested in one of the two Glacier living income annuities of your choice, and the proceeds from the investment will then be given to you as regular income.
Death is an inevitable event that one can face at any time. Should you die before the retirement age of 55:
When investing in annuities, you would expect your investment handlers to take advantage of the tax benefits that are available for retirement annuities, of which Glacier does so well.
When investing in Glacier Investment Annuity you get the following benefits:
Taxation is a very sensitive issue when investing for retirement; this is because every single cent in proceeds from investment matters. So Glacier makes it a point that they take advantage of the tax benefits available for retirement annuities in South Africa.
Through the Glacier Retirement Annuity, you get to have your money invested in some of the best investment options available. You can have your money invested in local and offshore funds, risk profiled investment funds, ETFs and other instruments via the Glacier stockbroking service.
Glacier Retirement Annuity is a very thoughtful retirement package that seeks to provide consistent income for its members at retirement.
When you retire, two-thirds of your income-generating product is invested in either the Glacier investment-linked living annuity or lifetime income plan, which generates a life long income for members.
The Glacier Retirement Annuity is a step ahead of most of its competitors. The retirement product has shaken the annuity investment market in South Africa through its offering. For a solid retirement investment, Glacier retirements annuity is simply one of the best options there is in the republic.
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