Old Mutual SuperFund Solutions at Retirement
When you retire from SuperFund, the law requires you to use at least 2/3rds of your benefit to purchase a pension (also known as an annuity), which should provide you with income for the rest of your life. Choosing the best annuity option for your needs is one of the most important financial decisions you’ll ever make, and you are strongly encouraged to obtain financial advice if you need assistance with this process.
Old Mutual SuperFund’s Solutions at Retirement can help to simplify your decisions at retirement. Although you are free to choose any annuity in the market, Solutions at Retirement gives you access to two straightforward annuity options.These are:
- The Old Mutual Fund Select Annuity (A guaranteed annuity); and
- The Old Mutual Max Income Annuity (a living annuity).
The SuperFund Management Board has selected these two annuity choices as suitable for the retirement income needs of most SuperFund members.
These annuities are supported by a helpful at-retirement guidance process. You can follow this process with the help of either your Old Mutual SuperFund Member Retirement Counsellor or your own trusted financial adviser.
You can find out more at www.oldmutual.co.za/SuperFundAnnuity