​Investment portfolios

Select up to seven professionally managed investment portfolios with optional performance guarantees, in accordance with an individually identified risk profile.

Income enhance benefit

This is an optional feature that gives you an added layer of security against running out of money. When retiring, commit a portion of your retirement savings to the income enhancer benefit. A bonus will be paid into the investment of all those who have committed a portion of their retirement savings. This bonus comes from the remaining portion committed from those who have died during the year.

This also means that in the event of your death, the remaining portion of your retirement savings in the income enhancer benefit will be shared with everyone else in the bonus pool.

 The portion that you don't commit to the income enhancer benefit is paid to your nominated beneficiaries.

Tax efficiency

No tax is paid on the lump-sum transferred from the retirement fund prior to it being invested in the flexible annuity. Income tax is deductible on the annuity income. No tax is payable on the investment returns of the underlying investment portfolios.

​There are product and portfolio management fees, guarantee fees, where applicable, and advisory fees payable, based on agreements with your financial adviser.