Combining an annuity and a unit trust when you retire?
The Comprehensive Annuity combines the benefits of a living annuity and a unit trust. This combination allows you to draw the lowest possible level of income from your living annuity. In this way, your investment keeps growing without the growth being taxed. At the same time the unit trust portion, which is taxed, funds the bulk of your regular income payments.
Is this for you?
The living annuity requires you to have at least R600 000 saved in a pension, provident or retirement annuity fund. You need at least R30 000 for the unit trust called the AF Consolidator
Benefits
The living annuity
The unit trust