- About Sanlam Easy Retirement Plan
- How it works
- Benefits
- Plan benefits
- FAQs
- Get in touch
For small business and home employers
If you’re a small-to-medium-sized business with at least one employee, or a homeowner looking to offer benefits to domestic staff, the Sanlam Easy Retirement Plan is well suited to your needs.
The pre-packaged plan provides retirement savings, withdrawal benefits, life cover, lump-sum disability, and funeral benefits in one comprehensive package, helping you to support your employees during significant life events.
Retirement and insurance, simplified
With the Sanlam Easy Retirement Plan, employers can choose a solution from a range of pre-packaged plans. Each option has its own benefit and contribution structure and is based on employee affordability and financial needs.
The insured benefits are fixed, pre-priced, and don’t require medical underwriting, so no medical check-ups are required.
How it helps your business
- How it helps your business
Retain valuable employees
By offering an attractive and competitive benefits package, you can attract new talent and retain existing employees.
Peace of mind
Focus on running your business, knowing your employees are cared for during retirement, or in the event of unforeseen death or disability.
Ease of payment
Monthly contributions are conveniently collected in advance via debit order.
What the plan offers employees
The benefits are designed to provide financial security and support throughout an employee’s working life and beyond.
Retirement benefit
The standard retirement age is 65, but employees can choose to retire earlier and access their fund value from age 55.
Withdrawal benefit
Employees can keep their benefits or transfer it to another approved fund when they leave their job.
Death benefit
If an employee passes away before retiring, their dependents or beneficiaries will receive the value of the member’s savings in the Fund.
Family Funeral benefit
Should an employee pass on before retirement, a funeral benefit is payable to their beneficiaries. If their spouse or child passes away, the employee will receive a funeral benefit in line with their chosen plan.
Lump Sum Disability benefit
If an employee becomes permanently disabled before the age of 65, they will receive a payout subject to certain terms and conditions.
Frequently asked questions
- Do I need a financial adviser to sign up?
No. You can sign up without a financial adviser, however, an accredited financial adviser will be assigned to assist.
- What is the minimum documentation required?
For natural persons: a copy of an ID or passport and proof of their physical address (less than 3 months old). For a legal entity: company registration documents; confirmation of beneficial owner/shareholding certificate, a copy of the directors’ ID or passports, confirmation of the physical address and a list of the countries engaged in trade.
- Where are contributions invested?
Monthly contributions, after costs, are invested in the Sanlam Wealth Creation Lifestage Strategy . The strategy invests in the Sanlam Wealth Creation Portfolio during the accumulation phase and the Sanlam Capital Protection Portfolio during the preservation phase. The Sanlam Wealth Creation Portfolio aims to deliver superior real returns over the long term, while the Sanlam Capital Protection Portfolio aims to protect the invested capital as retirement approaches by guaranteeing the net contributions invested.
- Can my employees make additional voluntary contributions?
Yes, they can make additional voluntary contributions.
- Can a plan option be changed? If so, how often?
Yes, plan options can be changed for members on 1 July each year.
- Will my employees have access to their retirement savings?
Employees will have access to their retirement savings when they resign from employment, are dismissed from their job, are retrenched, or retire.
In addition, employees can access their emergency savings once a year to help cover unexpected expenses.
Speak to an expert
