POWER ON

Africa works on solving its electricty deficit.

POWER ON

Africa works on solving its electricty deficit.

HELPING IMIZAMO YETHU VICTIMS

The DARG Foundation thanks Prescient for monetry, food and clothing donations.

TRUSTEES TO RE-EVALUATE THEIR
INVESTMENT MANDATES.

Medical Scheme trustees should re-evaluate their investment mandates.

MULTI-ASSET INCOME FUNDS

A good alternative to money market funds.

 
PRODUCTS & SERVICES
RETIREMENT SOLUTIONS
RETIREMENT ANNUITIES




What is it?

The Prescient Retirement Annuity Fund is a personal retirement savings vehicle which allows you to save for your retirement in a tax-efficient manner.

How do I contribute?

You are able to make an initial lump-sum contribution and/or on-going contributions to your retirement annuity by debit order.

What about tax?

The contributions that you make to the retirement annuity are tax deductible (within limits) and the returns generated by the investments are exempt from taxation.  Tax may be payable at retirement depending on the size of the cash portion taken.

What are my options?

You are able to pick from a range of investment options managed by Prescient Investment Management.  You are able to switch between these investment options at any point without cost.

What about retirement?

You are able to retire from your retirement annuity from age 55.  You can take a maximum of one third of your benefit as cash.  The balance must be used to purchase an annuity which will provide you with an income in retirement.

What about transfers?

You may transfer your existing retirement annuity to the Prescient Retirement Annuity and there will be no penalties should you wish to transfer from Prescient to another provider.

       

 

 

 

 

 

If you require any further information, please do not hesitate to contact us.