At some point in the future you’ll stop working and start enjoying a well-earned retirement. If you’ve prepared for this stage of life by saving from early on, you’ll have enough income to enjoy the retirement you deserve. While there are several ways you can save for your retirement years, a retirement annuity offers valuable tax benefits as well as investment options that allow you to grow your savings over time. And with one of Sanlam’s Retirement Annuities, you can look forward to a cost-effective savings option that inspires you to get saving, motivates you to stay on track and ensures peace of mind.
When you retire, you generally need less income than you required before retirement. This is simply because some of your expenses like travelling to work will fall away, and you will also pay less tax after 65 (and even less after 75). Depending on your retirement plans, you would need at least 60% of your final pre-tax salary after retirement.
If you choose to save for your retirement with a Sanlam Cumulus Echo Retirement Plan, we’ll reward your commitment with an Echo Bonus – an additional sum of money that’s added to your retirement savings when you stop working. The longer and the more you save, the bigger your Echo Bonus will be.
If you need help deciding what your next steps should be, speak to a Sanlam adviser who can help you make the best choices for you and your loved ones.
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