Changes were gazetted on the 1st June governing conditions regulating living annuities. This is an attempt to help retirees more access to their funds if they have been affected financially by the lockdown through COVID 19. What is a living annuity?When you retire you...
There are basically 2 types of pensions to consider: The Life AnnuityThis is a structured pension based on the amount of money you have accumulated and your life expectancy. The product provider will offer you a pension for the rest of your life. Should you die sooner...