Retirement Annuity

By: Max at Momentum - Financial Planner & Financial Planning  09-22-2010
Keywords: Financial Advice, Retirement Planning, employee benefits

After retirement, 98% of individuals who go at it alone live below the lifestyle they have become accustomed to. Proper financial advice is priceless. In order to be financially secure one of your options is a Retirement Annuity.

A retirement Annuity (RA) is nothing more than an individual retirement plan. You apply to become a member of a RA fund, which the Registrar of Pension Funds and the tax authorities have approved as such. You do not need an employer/ employee relationship to qualify for membership.
RAs are the the main saving vehicle for self-employed persons to accumulate funds for retirement in a TAX EFFICIENT way. They are also popular as a top-up plan for salaried employees who belong to pension funds, but want to close the income gap at retirement.

Smaller employers often choose RAs for their staff over traditional pension schemes, thereby avoiding the administration and responsibility involved in operating the latter schemes.

Keywords: employee benefits, Financial Advice, Financial Planning Services, PENSION FUNDS, retirement annuity, Retirement Financial Services, Retirement Planning

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