Retirement Annuities are carefully crafted and designed for the sole purpose of helping you achieve financial freedom once you hit retirement. The government created these great vehicles as a way to help you to prepare financially for your future, and thus as a thank you, many of these retirement products come with some really great tax breaks.

So in this video, we are going to look at everything you need to know about retirement annuities in South Africa, starting with the basics and also touching on some of the more complex topics as well so that you can have a clear understanding of how these work, what to watch out for and if they are good investment products for you or not.

It is important to note that each person is unique and that not every investment strategy will work for everyone. But one thing that does pull us all together, is that we absolutely need to start planning for our retirement even from a young age. You do not want to reach a stage in your life where you are forced to continue to work to put bread on the table, even though you are not capable of working anymore.

I understand that everyone’s circumstances are different and I am in no position to judge anyone’s financial position. But what I am trying very hard to do with this channel is to create more awareness of all the great opportunities that are available for our generation to build wealth and to provide for our families. Remember, being wealthy is not about how much you earn, it’s about how much you save and invest.

So if you found any value in this video, please leave a like and share it with one friend. You will really help me out as this will motivate me to continue providing videos like these in the future.

I will also urge you to watch my other video on Tax-free savings accounts in South Africa, as well as the comparison between them and a RA, which I will link to down in the description. Both of these are arguably the best investment options for retirement, so make sure you understand how both work and which one will work best for you.

Here is a breakdown of the info covered in this video:

00:00 Introduction
00:42 What is a retirement annuity (RA)?
01:11 How is a RA taxed in South Africa?
02:16 Retirement annuity investment rules
05:04 Retirement annuity fees
09:22 How to choose the best RA
12:15 Should you invest in a RA?
15:31 Take Home Message

Links mentioned in this video:

Cheapest RA Providers in South Africa:
Stealthy Wealth’s Blog:

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#PersonalFinance #Entrepreneurship #Investing

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Who am I? My name is Pieter Marx de Villiers and I’m just an ordinary guy from South Africa who aims to retire by the age of 35 years. Follow me in my journey towards Financial Freedom in (hopefully) just a 10 year period! 🙂

This channel will aim to help you achieve your personal financial goals through the things I’ve learned (mostly through my own mistakes) and researched to improve my own financial health.

Let’s face it, school did not teach us much about managing our money properly and seeing that there are SO many financial traps that we are destined to step into if we are not careful, I want to make you aware of these pot holes, how you can avoid them and how you can get out of them if you are already trapped.

If you enjoy the content and find any value in my videos, consider subscribing and help me reach my goal for 2021 by reaching 10 000 subscribers on YouTube!

Lekker!

DISCLAIMER

I am not a financial advisor. The content on this YouTube channel are only for educational purposes and should not be taken for financial advice. You and only you are responsible for your financial decisions and must therefore conduct your own research and seek the advice of a licensed financial advisor if necessary.

Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one….(read more)

LEARN MORE ABOUT: Retirement Annuities

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