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Retirement annuities

We look at some of the benefits of investing in a retirement annuity with Nedbank Private Wealth's advice.

We are here to help you optimise your wealth by using our financial and advisory expertise
Whether it is wealth planning and advice, the administration of your wealth, or investment management, our job is to do the heavy lifting for you. We will also take care of the associated admin hassles and give you peace of mind that you are making every cent count. We would therefore hate you to miss out if you aren’t making the most of the available tax and investment benefits, including the tax-deductible contributions you could be making to a retirement annuity (RA) this tax year.

You have until the end of February 2018 to reduce your tax liability
If you aren’t sure whether you have made the most of the tax benefits available through your existing RA or whether an RA would be right for you, please contact your wealth manager or private banker to get advice about this.

Who is a retirement annuity most appropriate for?

Entrepreneurs who don’t have a pension or provident fund
Anyone who has non-retirement funding income (such as income from bonuses, commission and investments)

Some of the benefits of investing in a Nedbank Private Wealth retirement annuity

You have exclusive access to Nedbank Private Wealth’s depth of investment capability and products. Your savings could, for example, be invested in the top-performing Nedbank Private Wealth Balanced Fund of Funds (ranked number one over 10 years to the end of December 2017) or one of many other choices.
RAs offer one of the few ways to reduce your personal income tax.
Because you don’t pay income tax or capital gains tax on assets managed within an RA, you can maximise investment growth.
On retrenchment, retirement or death, there are beneficial tax allowances applicable to the lump sum payouts.

Please contact us for advice about what may be best for your needs
To take advantage of our advice and these benefits within the current tax year, please contact us as soon as possible. We look forward to being of service.