The Wealth Room

Living Annuity

What is a living annuity? A living annuity is an investment product that you will use to invest your retirement savings in order to generate and draw a stable income after you retire. How do you invest in living annuities Once you retire, you have to take at least two thirds (you can take the full amount, you just cant take less) of your Retirement Annuity and invest that into a Living Annuity Investment Vehicle. The other options is to transfer funds from an existing Living Annuity to another Living Annuity, however this is a more complicated situation and is admin intensive. With a Living Annuity, you can control your investment, by selecting your own underlying Unit Trust and how much you want to draw from the fund on a monthly basis, as long as they meet the limits set