The Old Mutual Retirement Annuity is one of the most widely held retirement savings products in South Africa. If you are reading this, you probably already have one, and you are deciding whether the product you hold still makes sense for where you are now.
This review is written for someone approaching retirement or already in it, who holds an Old Mutual RA alongside other funds and investments, and wants to know whether to stay, adjust, or move. The question is no longer whether to open an RA. It is whether the fees are still competitive, whether the fund range still suits your position in life, and how this product fits into your broader retirement income plan across all your savings.
Here is the short version. The Old Mutual Retirement Annuity is a Regulation 28-compliant retirement savings product with a broad fund range, access to smoothed bonus funds, and Shari’ah compliant options that not every provider matches. Administration fees typically run between 0.2% and 0.6% per year on the Max platform, with underlying fund costs on top. On a balance of R5,000,000, a total EAC difference of 0.8% costs roughly R750,000 over ten years on the same underlying assets. On R10,000,000, that gap approaches R1,500,000. Whether to stay, switch funds internally, or initiate a section 14 transfer depends on your EAC, your fund access needs, and how this RA fits into the sequencing of your retirement across all your funds.
This review covers what you are actually paying, how the lump sum tax works at retirement, what your fund options look like from here, and how Old Mutual compares to its main competitors on the metrics that matter at this stage. It also covers the decisions most RA holders face but rarely model in advance: the sequencing of lump sum withdrawals across multiple funds, the exit penalty position on older policies, and what happens when you actually retire from the product.
If you are still clarifying what a retirement annuity actually is, that article covers the structure. You can also use the retirement planning tool to model your own numbers.
What the Old Mutual Retirement Annuity Is and How It Works
The Old Mutual Retirement Annuity is a retirement savings product issued under Old Mutual’s life licence, governed by both the Pension Funds Act and the Long-term Insurance Act. Regulation 28 of the Pension Funds Act sets the rules on how much of the fund can sit in each asset class, protecting retirement savings from concentration risk. The most discussed limit is the offshore allocation cap, currently set at 45% of the portfolio for the 2026/27 year. Because FSCA reviews these limits periodically, confirm the current position on the FSCA website before locking in a fund allocation.
As a Pension Funds Act vehicle, the capital inside your Old Mutual RA is protected from creditors. You cannot access it before age 55 except in very limited circumstances, which I cover in the retirement section below. At retirement, the standard RA rules apply: up to one-third of the balance can come out as a cash lump sum, and the remainder must be used to purchase an annuity.
Not all Old Mutual RA products behave the same way. The older Greenlight-era policies look very different from the current Max platform contracts, particularly around fees, exit penalties, and smoothed bonus fund mechanics. If your policy dates from before 2010, the terms you signed up to may differ substantially from what Old Mutual offers today. That distinction matters most when you are deciding whether to stay, reduce contributions, or initiate a section 14 transfer to another provider.
The platform runs on Old Mutual’s Max investments administration system. You can switch funds, view statements, and update contributions online. Old Mutual is one of South Africa’s largest financial services groups, and that scale brings stability alongside product complexity.
When you reach retirement, you will need to decide between a living annuity, a life annuity, or a combination of both. Understanding how a life annuity works before you get there makes the decision considerably cleaner.
How the Tax Benefits of an Old Mutual Retirement Annuity Work in Practice
The tax case for an Old Mutual Retirement Annuity works in two directions: the contribution deduction on the way in, and the lump sum tax table on the way out. For someone holding a substantial balance, both directions deserve careful modelling before retirement.
SARS allows you to deduct up to 27.5% of the greater of your taxable income or remuneration, capped at R350,000 per year for the 2026/27 tax year, as a contribution to approved retirement funds. Confirm the current limits on the SARS website each year, as they are adjusted by the annual budget.
For most people in the decade before retirement, this deduction is meaningful. Take someone with a taxable income of R1,200,000 and a marginal rate of 45%. A R330,000 RA contribution reduces their taxable income to R870,000. The immediate tax saving is approximately R148,500. That is capital working inside your RA before your investment has grown a cent.
Inside the RA wrapper, growth compounds tax-free. No tax on interest, no tax on dividends, no capital gains tax while the money is invested. Over a 10 to 15-year accumulation period, that sheltering makes a material difference to your ending balance compared with holding the same assets in your own name.
Lump sum tax at retirement: a worked example at R5 million
At retirement, you can take up to one-third of your RA balance as a cash lump sum. The first R550,000 of all retirement fund lump sums received across your lifetime is currently tax-free, as of the 2024/25 tax year. Verify the 2026/27 threshold on the SARS website directly, as this figure is adjusted periodically. If you have already used part of that lifetime threshold through a previous retrenchment or retirement event, the remaining tax-free amount is lower.
For someone retiring from a R5,000,000 Old Mutual RA, the one-third lump sum is R1,666,667. After the R550,000 tax-free threshold, the taxable portion is approximately R1,116,667. The tax on that amount follows the retirement fund lump sum tax table, which is progressive. On approximately R1,116,667 of taxable lump sum, the tax comes to roughly R319,167 based on the current table, leaving a net lump sum of around R1,347,500 after tax. That is the number to plan around, not the gross lump sum.
Worked example at R10 million
For a R10,000,000 RA balance, the one-third lump sum rises to R3,333,333. Once the lifetime tax-free portion is accounted for, the taxable amount is substantially higher, and the effective rate climbs further up the progressive table. On a taxable lump sum of approximately R2,783,333 (after the R550,000 threshold), the tax bill is material. The exact figure depends on your full retirement history with SARS, which is why modelling this two to three years before retirement, not at the time, is the right approach.
Sequencing your lump sum withdrawals across multiple retirement events can reduce the total tax paid significantly. If you hold a pension fund, a provident fund, and an RA, the order in which you retire from each determines how much of the progressive tax table you absorb at each event. On a combined fund position of R20,000,000, that sequencing decision is worth working through with a CFP professional before you reach the date.
Use the retirement planning tool to model your own numbers and see what a contribution deduction means for your specific income and tax bracket.
Old Mutual Retirement Annuity Fees: What You Actually Pay
Fees are one of the most consequential variables in long-term retirement saving, and for someone holding an existing Old Mutual RA, the fee question is not abstract. It determines whether staying, adjusting internally, or transferring out makes financial sense. The first step is knowing what you are actually paying across all three cost layers.
Platform or administration fee. This is what Old Mutual charges to administer the policy. On the current Max platform, this is typically a tiered percentage of assets under management, reducing as your balance grows. Indicative ranges sit between 0.2% and 0.6% per year, though the exact schedule depends on your policy terms. Always request the official product disclosure document for the current numbers. Two clients on the Max platform with different policy vintages may pay meaningfully different rates.
Underlying fund management fee (TER). Each fund you invest in charges a Total Expense Ratio. A passive index tracker might charge 0.1% to 0.3% per year. An actively managed fund might charge 0.8% to 1.5% or more. Your blended TER depends entirely on which funds you hold. This layer is within your control, even without transferring to another provider.
Adviser fee. If you use a financial adviser, their fee is deducted from your policy, typically between 0.5% and 1.0% per year. Read more about working with a financial adviser for retirement planning.
The Effective Annual Cost (EAC) is the standardised disclosure figure that combines all three layers. If you do not have your EAC in writing, request it now. You cannot make a sound decision about staying or leaving without it.
Worked example at R5 million and R10 million
Two investors both hold R5,000,000 in an RA and earn the same gross return of 8% per year. Investor A pays a total EAC of 1.2%. Investor B pays 2.0%. Over 10 years, Investor A’s fund grows to approximately R9,850,000. Investor B’s fund grows to approximately R9,100,000. The 0.8% fee difference costs Investor B roughly R750,000 over that period, on identical underlying assets.
Scale that to R10,000,000 and the gap nearly doubles to around R1,500,000. At R20,000,000, the compounding effect over a decade is the kind of number that changes a retirement income plan entirely. The fee difference does not announce itself each year. It simply reduces what compounds. That is why the EAC review belongs on your calendar before retirement, not after.
A note on older policies. Pre-2010 Old Mutual RA policies sometimes carry surrender penalties or market-value adjustors, particularly on smoothed bonus funds. Before adjusting or cancelling an older policy, get clarity on the penalty terms from Old Mutual in writing. Switching to a reduced premium rather than cancelling outright is often the better short-term move. You avoid the penalty and your fees drop, but your capital continues compounding. Once the penalty period has elapsed, a full section 14 transfer becomes the cleanest option.
For someone holding multiple retirement funds across different providers, consolidating into a single lower-cost platform at the right moment can also reduce administrative complexity and make drawdown planning cleaner at retirement.
Fund Options and Investment Strategy Inside the Old Mutual RA
One genuine strength of the Old Mutual RA is the range of fund categories available. For someone already in the product, the question is not which fund to start with. It is whether the current allocation still fits where you are in your retirement journey, and whether you are paying more than you need to for what you hold.
Smoothed bonus funds aim to deliver smoother returns by holding back some gains in good years and drawing on reserves in bad years. These funds appeal to members closer to retirement who want to reduce sequence-of-return risk, the real danger that a large market fall in the first years of retirement permanently impairs your capital. The trade-off deserves clear thinking: you give up some upside in strong markets, and if you want to switch out during a market downturn, the market-value adjustor (MVA) can mean you receive less than the stated fund value. That MVA risk is a material constraint on your flexibility. If you are within five years of retirement and considering a switch away from a smoothed fund, check whether an MVA applies before you act.
Market-linked funds include actively managed balanced funds, multi-manager funds, and passive index trackers. Multi-manager funds blend multiple underlying managers to reduce single-manager risk. These tend to carry slightly higher fees than pure passive options but offer broader diversification across manager styles.
Passive and index-tracking options are available and typically carry lower TERs. If your current allocation sits in higher-cost active funds and your investment view does not require active management, switching internally to a lower-cost passive option can reduce your EAC without requiring a provider transfer.
Shari’ah compliant options. Old Mutual offers Shari’ah compliant fund choices within the RA wrapper. For investors who need investments that avoid interest-bearing instruments and other excluded sectors, this matters. Verify the current Shari’ah compliant fund lineup directly with Old Mutual, as product availability can change. You can read more about Shari’ah compliant investing if that applies to your circumstances.
All funds remain subject to Regulation 28 limits. You cannot allocate more than the prescribed offshore limit to foreign assets regardless of which fund you choose. For context on why offshore diversification matters for South Africans, read investing offshore from South Africa.
The fund range question is worth revisiting at least every two to three years, particularly as you move from accumulation into the five to ten years before retirement. An allocation that made sense at 50 may carry more risk, or more cost, than your situation requires at 60. Reviewing it now costs nothing. Leaving it unreviewed for another five years might.
Old Mutual Retirement Annuity vs Allan Gray, Sanlam, and Ninety One: A Side-by-Side View
The comparison question most holders of an existing Old Mutual RA ask is whether their current arrangement is still competitive. The answer depends on your EAC, your fund access needs, and whether your adviser relationship justifies the cost at your current balance.
Here is an indicative comparison. All fee data is illustrative and based on publicly available information at mid-2026. Before acting, verify current figures in each provider’s official product disclosure document.
| Provider | Platform fee (indicative p.a.) | Fund range | Smoothed bonus fund | Shari’ah option | Section 14 transfer in |
|---|---|---|---|---|---|
| Old Mutual | 0.2% - 0.6% | Broad (active, passive, multi-manager) | Yes | Yes (verify current availability) | Yes |
| Allan Gray | 0.0% - 0.5% | Moderate (own funds + third-party) | No | No | Yes |
| Sanlam | 0.2% - 0.7% | Very broad | Yes | Yes (verify current availability) | Yes |
| Ninety One | 0.2% - 0.5% | Focused (own funds) | No | Limited | Yes |
| 10X Investments | 0.3% flat (approx.) | Passive index only | No | No | Yes |
Allan Gray is worth considering if you want a focused range of actively managed funds at a reasonable cost and do not need smoothed bonus funds. Their RA does not carry the smoothed fund MVA risk, which is a meaningful simplification for someone who may need to restructure their allocation at short notice before retirement.
Sanlam is similar in scale and product breadth to Old Mutual. Smoothed bonus funds and Shari’ah options are available. Always compare EACs carefully across the full three layers before treating Sanlam as a lower-cost alternative. The breadth sometimes comes with a corresponding cost.
Ninety One suits investors who specifically want exposure to Ninety One’s fund range. The selection is narrower, but the investment quality is strong for investors who want a focused global and emerging markets approach.
10X Investments is the lowest-cost option on this list for a passive, long-term approach without adviser support. If your Old Mutual EAC sits above 1.5% and you do not need smoothed bonus funds or Shari’ah options, the arithmetic of switching deserves attention. On a R10,000,000 balance, a 0.5% annual saving is R50,000 per year, every year, before growth. Over ten years, with compounding, that gap is closer to R600,000 on the same starting capital and the same gross return.
The right comparison is not which provider has the lowest headline fee. It is which provider delivers the combination of fund access, platform functionality, and total cost that fits your retirement plan from here. That analysis is worth doing at your current balance, not at a theoretical one.
Honest Pros and Cons of the Old Mutual Retirement Annuity
No RA product suits every investor, and the picture looks different for someone reviewing an existing policy than for someone choosing a new one. Here is a straightforward assessment for the holder who wants to know whether to stay.
Pros:
Broad fund choice is a genuine advantage. The Max platform gives access to passive, active, multi-manager, and smoothed bonus funds in one place, covering most risk profiles and time horizons. For someone consolidating multiple RAs into one ahead of retirement, that breadth reduces the need to hold accounts at several providers.
Shari’ah compliant options matter. Not all providers offer this, and for investors who need a compliant structure across their retirement savings, Old Mutual is one of the few platforms that can deliver it inside an RA.
Smoothed bonus funds reduce short-term volatility for members within five to ten years of retirement. Old Mutual is one of the few platforms where this option exists alongside a full market-linked fund range.
The Max platform allows you to switch funds, update contributions, and view portfolio values online. It is functional and reliable rather than cutting-edge, but it does what it needs to.
Creditor protection applies to any approved RA under the Pension Funds Act.
Cons:
Fee complexity is real. The three-layer fee structure can add up to more than simpler alternatives, particularly if you are paying for active management and an adviser fee on a large balance. On R10,000,000, the difference between a 1.2% and a 2.0% total cost is R80,000 per year. That figure compounds. Quantify it before you leave the policy as is.
Older policies carry risks that newer platform contracts do not. Pre-2010 policies may have surrender penalties and opaque charges that are worth auditing. If you have not reviewed your policy terms recently, now is the time to do so.
Smoothed fund lock-in risk is material. Market-value adjustors on smoothed funds mean you could receive less than the stated fund value if you switch during a downturn. This deserves careful thought if you are considering a switch in the years before retirement.
10X Investments or a low-cost Allan Gray RA is likely cheaper if cost minimisation is your top priority and you do not need smoothed bonus funds or Shari’ah options.
What I see most often with existing RA holders
The most frequent error I see with existing RA holders is leaving the policy unreviewed for years. Fees accumulate. Fund allocations drift from what made sense when the policy was started. And when retirement arrives, the default is to convert with the same provider without checking what the market offers on annuity rates. Each of those defaults has a cost.
A second pattern I notice is underestimating the difference between the gross lump sum and the net lump sum after tax. On a R5,000,000 RA, the difference between a well-sequenced retirement and a default one can be over R150,000 in tax alone, before considering ongoing income.
For a comparison of RA structures with employer-based saving, read how provident funds compare to retirement annuities.
Should You Stay in, Adjust, or Transfer Your Old Mutual Retirement Annuity?
For someone already holding an Old Mutual RA, the decision is not whether to open one. It is whether to stay, adjust internally, or initiate a section 14 transfer, and that answer depends on your specific fee position, your fund access needs, and how this product fits into your broader retirement income plan across all your savings.
The Old Mutual RA continues to make sense if you value access to smoothed bonus funds as a volatility buffer in the years before retirement. It also makes sense if you need Shari’ah compliant options and want a broad platform under one roof. And it makes sense if your EAC, once calculated across all three layers, reflects what the platform actually delivers for you.
The case for reviewing your position becomes stronger in several situations. You have not received an EAC disclosure in the last 12 months. Your policy was taken out before 2010 and you have never audited the surrender penalty position. Your contributions have changed significantly or stopped, and the policy now sits on a fee structure that is disproportionate to the balance. You are approaching retirement and have not yet modelled the lump sum tax sequencing across all your retirement funds.
The section 14 transfer option
A section 14 transfer allows you to move your Old Mutual RA balance to another approved provider without tax consequences. The process is regulated and typically takes several months. Old Mutual must follow the prescribed legal process and cannot refuse a legitimate transfer request. Surrender penalties on older policies may apply before the transfer, so check your policy document first.
Before initiating a transfer, model the break-even point. If moving saves you 0.6% per year on a R10,000,000 balance, that is R60,000 per year in savings. If the surrender penalty on your current policy is R120,000, the break-even is roughly two years, and every year after that you are ahead. On a R5,000,000 balance with a 0.4% saving and a R60,000 penalty, the break-even sits at three years. The arithmetic is not complicated, but it needs to be done with your actual figures, not indicative ones.
The sequencing question matters more than the transfer question
For many people near retirement, the more pressing question is not whether to transfer the RA now, but how to sequence the retirement from it alongside other funds. A pension fund, a provident fund, a preservation fund, a tax-free savings account: the order in which you retire from each, and how much you take as a lump sum versus converting to annuity income, determines the total tax you pay and the income available from day one.
On a combined retirement fund position of R10,000,000 or R20,000,000, that sequencing decision is worth working through carefully with a CFP professional. The difference between an optimised sequence and a default one can be material, and it cannot be undone once you have retired from each fund.
Get proper guidance before making any changes. Consider choosing a financial adviser for retirement planning or use the tool to model your retirement savings target first.
What Happens to Your Old Mutual RA When You Retire?
At retirement, your Old Mutual RA converts to a retirement benefit. You can take up to one-third of the balance as a cash lump sum. The first R550,000 of all retirement fund lump sums received across your lifetime is currently tax-free, as of the 2024/25 tax year. Verify the 2026/27 threshold on the SARS website, as this figure is adjusted periodically. If you have already used part of that lifetime threshold through a previous retrenchment payout or retirement benefit, the remaining tax-free amount is lower.
Worked example at R10 million
For someone retiring from a R10,000,000 Old Mutual RA, the one-third lump sum is R3,333,333. Once the lifetime tax-free threshold has been accounted for, the taxable portion is approximately R2,783,333. The tax on that amount follows the progressive retirement fund lump sum tax table. Knowing your position on that table in advance, and planning the order in which you retire from each fund, can make a material difference to your net lump sum. This is one of the decisions where sequencing matters most, and it is worth modelling at least two to three years before you retire.
Annuity choices at retirement
The remaining two-thirds of your RA balance, at minimum, must be used to purchase an annuity. You have two main options.
A life annuity pays you a guaranteed income for life in exchange for your capital. The income is fixed and guaranteed, but your capital does not pass to your heirs. This appeals to people who want certainty and do not want to manage investments in retirement.
A living annuity keeps you invested in underlying funds, and you draw an income between 2.5% and 17.5% of the remaining capital each year. Your capital can pass to your nominated beneficiaries, but you carry the investment and longevity risk yourself. A sustainable drawdown rate for most people is in the region of 4% to 5% per year, depending on your age, portfolio, and other income sources. Drawing above that level increases the risk of depleting the fund in your lifetime.
To make that concrete: a R6,000,000 living annuity (the two-thirds balance from a R9,000,000 RA after a one-third lump sum) at a 5% drawdown rate produces R300,000 per year in income, or R25,000 per month before tax. At 6%, that rises to R360,000 per year, but the capital depletes faster. The sustainability of that income depends on the underlying investment return and how long the drawdown continues. These numbers shift materially depending on your full retirement picture.
You are not obliged to stay with Old Mutual at retirement
You can take your retirement benefit and shop the market for the best life annuity rate or the most appropriate living annuity platform. Staying with the accumulation provider by default is a common and costly mistake. Life annuity rates vary between providers, and the difference on a R5,000,000 purchase can translate to thousands of rands per year in income for life.
On the estate side: the balance in a living annuity passes directly to your nominated beneficiaries outside your estate. It is not subject to executor’s fees, but it does have estate duty implications depending on the overall structure of your estate. Where that matters, the estate planning specialists at Gradidge Mahura Investments can help you think through the structure properly.
Explore the decision carefully by reading living annuity vs life annuity at retirement.
Frequently Asked Questions About the Old Mutual Retirement Annuity
Can I withdraw from my Old Mutual retirement annuity before retirement?
Generally, no. Under the Pension Funds Act, you cannot access RA funds before age 55, except in very limited circumstances: formal cessation of South African tax residency, permanent incapacity, or if your annual contribution falls below a certain threshold and your fund value is below a specified minimum. Early withdrawal rules are strict, and tax consequences apply. For a broader explanation of how annuities work, this article covers the structure.
What is the minimum contribution for the Old Mutual retirement annuity?
The minimum monthly contribution on the current Max platform is typically around R500, though this varies by product version and whether you use an adviser. Lump sum top-ups are also accepted. Verify the current minimum directly with Old Mutual or your adviser, as product terms are updated periodically.
Can I transfer my Old Mutual retirement annuity to another provider?
Yes. A section 14 transfer allows you to move your Old Mutual Retirement Annuity balance to another approved provider without triggering tax. The process is regulated and typically takes several months. Old Mutual must follow the prescribed legal process and cannot refuse a legitimate transfer. Surrender penalties on older policies may apply before the transfer, so check your policy document first.
Is the Old Mutual retirement annuity Shari’ah compliant?
Old Mutual offers Shari’ah compliant fund options within the RA wrapper, but the entire platform does not operate on a Shari’ah basis. You select Shari’ah compliant underlying funds for your allocation. Verify the current fund lineup directly with Old Mutual or a qualified Islamic finance adviser. You can also read more about Shari’ah compliant investing in South Africa.
How do Old Mutual RA fees compare to Allan Gray or 10X Investments?
On a like-for-like basis, Old Mutual’s total cost can be higher than 10X Investments, which offers a simple, low-cost passive structure, and roughly comparable to Allan Gray depending on the funds chosen. The key is to compare EACs across all three fee layers: platform, fund management, and adviser. You can check your retirement fund balance online and request an EAC disclosure from each provider before deciding.
What happens to my Old Mutual RA if I die before retirement?
Your nominated beneficiaries receive the fund value. The RA does not form part of your estate for executor’s fee purposes, as it is administered under the Pension Funds Act, but it does factor into estate duty calculations depending on the overall size of your estate. The trustees of the fund have some discretion in distribution, but nominated beneficiaries typically receive the benefit. Update your beneficiary nomination regularly, especially after major life events.
What is the two-pot system and how does it affect my Old Mutual retirement annuity?
From September 2024, the two-pot system split ongoing retirement fund contributions into a savings component (one-third) and a retirement component (two-thirds). The savings component can be accessed once per tax year before retirement, subject to tax and a minimum withdrawal amount. The retirement component remains preserved until retirement. Existing balances before September 2024 sit in a vested component and are largely unaffected. If you have made or are considering a savings component withdrawal, understand the tax consequences before acting.
The Bottom Line on the Old Mutual Retirement Annuity
The Old Mutual Retirement Annuity is a well-established product with genuine strengths: broad fund access, smoothed bonus options for the years around retirement, and Shari’ah compliant choices that few platforms match. For someone who already holds one and has built a meaningful balance, the question is not whether it was a reasonable choice when you started. The question is whether it still fits the retirement you are actually approaching.
Three things will determine that answer.
First, your total EAC. Get it in writing across all three fee layers and compare it to at least one alternative. On a balance of R5,000,000, a 0.8% annual fee difference compounds to roughly R750,000 over ten years, on the same underlying assets. On R10,000,000 or R20,000,000, the arithmetic is more pressing. That calculation is worth doing now, not at retirement.
Second, your fund access needs. If you need smoothed bonus funds as a volatility buffer in the years around retirement, or if you need Shari’ah compliant options, Old Mutual is one of the few platforms that can deliver both. If neither applies, a simpler or lower-cost structure may serve you better.
Third, your retirement transition plan. You can shop annuity providers at retirement rather than staying with Old Mutual by default. Knowing how the lump sum tax table applies to your specific balance across all your retirement funds, and sequencing which fund you retire from first, can make a meaningful difference to your net retirement income. On a R10,000,000 combined retirement fund position, the difference between a well-sequenced retirement and a default one can exceed R200,000 in tax and income across the first few years alone.
Reviewing an existing Old Mutual RA is not a single decision. It is a cluster of decisions that sit across fees, fund allocation, tax sequencing, and retirement income structure. Each one has a cost if left unexamined. Getting the fee calculation, the lump sum tax position, and the drawdown order right is the work that actually moves the needle at this stage.
For a fuller picture of how to prepare for retirement across all your funds, read the preparing for retirement guide. If you would like to work through your own numbers, including your EAC, your lump sum tax position, and whether your current Old Mutual Retirement Annuity structure still fits your plan, get in touch for a private consultation.
This article provides general information about retirement annuities in South Africa and is not personal financial advice. Your circumstances, tax position, and goals are unique. Please consult a qualified CFP professional before making any retirement planning decisions.