Liberty :: Retirement Annuity :: How Much Is Enough Video
Liberty's Retirement Annuities provide you with a plan that is based on both your lifestyle and financial needs. It is a great savings vehicle for those who want to supplement an existing pension or provident fund. The provident fund you contribute to at the office may not be enough to maintain your current lifestyle.
According to legislation you may retire from your retirement annuity funds from the age of 55. You may then, depending on the amount in your retirement annuity and other retirement benefits you may have received, withdraw up to a maximum of a third of the funds, all or a portion of which will be tax free. With the remaining funds you have to purchase an annuity that will provide you with regular income during your retirement. http://www.liberty.co.za
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