in partnership with
in partnership withThe Sanlam Retirement Plan is a retirement plan that boosts your savings with a Wealth Bonus®. Starting from R250 per month. You invest. Sanlam contributes an additional 10% of your payments into your Wealth Bonus® on your behalf. Funds are managed by experienced investment professionals.
With the Sanlam Retirement Plan you get a cost effective way to start, stay on track and invest with peace of mind.
Affordable
Premiums from R250 per month so you can start small and build up.
You invest. We invest.
Sanlam contributes an additional 10% of your payments into your Wealth Bonus®.
Lifetime investment options
Managed by experienced investment professionals for peace of mind.
Pension and provident funds vs retirement plans
Pension and provident funds are offered by employers and you may contribute with your employer. A retirement annuity is bought by you, even if you are self employed or already contribute to a workplace fund. Tax benefits are similar but an RA gives you more control and usually wider fund choices.
Tax benefits
Your contributions reduce taxable income within limits. Investment returns in the RA are currently not taxed. At retirement a portion of any lump sum may be tax free within the prevailing tables. Regular pension payments are taxed as income.
Wealth Bonus®
Sanlam boosts your retirement savings with a Wealth Bonus®. Sanlam contributes an additional 10% of your payments and pays the two pot administration charge back into your Wealth Bonus®. 50% unlocks at age 55 and the full Wealth Bonus® unlocks at age 60.
If I cannot save the recommended amount
Start with what you can afford and increase over time. You can also add part of your bonus payments.
Protection from creditors
Your RA savings are generally protected from creditors. This helps keep your retirement money safe for its purpose.