Retirement Annuitybuild your future, tax-efficiently
A Retirement Annuity (RA) is a tax-efficient way for South Africans to save for retirement — with flexible contributions and long-term investment growth.
Get a retirement annuity quoteRetirement Annuity — the basics
A Retirement Annuity is a long-term savings vehicle registered under the Pension Funds Act. It is specifically designed for retirement savings and comes with significant tax benefits — your contributions are tax-deductible up to the limits set by SARS.
Unlike employer pension funds, an RA is portable — it belongs to you, not your employer — and contributions are flexible, so you can adjust them as your financial situation changes.
What to expect
Tax-deductible contributions
Contributions reduce your taxable income (up to current SARS limits), making saving for retirement more affordable.
Flexible contributions
You choose how much to contribute each month. You can increase, decrease, or pause contributions as your situation changes.
Creditor protection
RA funds are protected from creditors under South African law — your retirement savings cannot be attached.
Portability
Your RA belongs to you, not your employer. It moves with you when you change jobs or become self-employed.
How the tax benefit works
Your RA contributions are tax-deductible — up to 27.5% of your taxable income, capped at R350,000 per tax year (current SARS limits). This means the effective cost of saving for retirement is lower than saving through a standard bank account.
Who should consider a Retirement Annuity?
Self-employed individuals
If you do not have an employer pension fund, an RA is the primary way to save for retirement with tax efficiency.
Salaried employees with a pension gap
If your employer pension contributes less than the SARS deductible limit, an RA can top up your retirement savings tax-efficiently.
Anyone starting to plan for retirement
The earlier you start, the longer compound growth has to work. An RA is suitable for most working-age South Africans.
Higher earners seeking tax efficiency
The tax deduction benefit is proportionally larger for those in higher tax brackets. An advisor can help you model the saving.
Start planning for retirement today
Free, no-obligation. A FAIS-accredited advisor will help you determine the right contribution level for your income and retirement goals.
Get a Retirement Annuity quoteINSURELOANSA is a licensed Financial Services Provider regulated by the FSCA. Retirement Annuity products are regulated under the Pension Funds Act. All quotes and projections are indicative only. A full needs analysis is conducted before any product recommendation is finalised. Tax deductibility is subject to current SARS legislation.