Destiny Retirement Annuity
Retirement annuities help protect you from the risk of outliving your income by getting you to save consistently. Ultimately your retirement destiny is not a matter of chances; it’s a matter of choice. A retirement annuity (RA) is a retirement fund in terms of the Pension Funds Act. It is a tax effective investment vehicle designed for individual investors as opposed to employees who contribute to a workplace retirement fund.
Why an RA?
- A great way to save if you don’t have a company pension fund or are self employed
- You wish to save more for your retirement
- Tax-saving Protection against premature cashouts
The Destiny Advantage
- Low Fees
- No penalties
By investing in the Destiny products you benefit from institutional rates (like that which you would pay on a pension or provident fund) which are more costs effective than paying retail rates. This generates enhanced investment returns at retirement for you.
Our investment strategy is to maximise the allocation of investment receipts towards retirement funding investments, and to objectively select and manage asset manager allocations on our members` behalf so as to maximise investment returns at an appropriate level of risk.
Destiny uses traditional (active) asset managers but still manages to reduce costs and increase efficiency by using passive management. This is achieved by blending active and passive management in an innovative matrix.
Retirement annuities help protect you from the risk of outliving your income by getting you to save consistently.