Investors looking to save for retirement over the long term, and who are looking to get the most out of tax efficient retirement saving.
The Ashburton Retirement Annuity is a long-term savings vehicle that offers investors a flexible, tax efficient way to save for their retirement.
A retirement annuity encourages retirement saving, either as a primary retirement savings solution, or as a supplement to your employer's pension or provident fund. The fund complies with Regulation 28 of the Pensions Funds Act.
The Ashburton Retirement Annuity allows you to invest in
Single manager funds
You can access a range of single manager funds including long-only equity, balanced, target return, fixed income and money market products.
Multi-manager funds
Our multi-manager investment proposition focuses on boutique investment managers in South Africa covering equity, bond, fixed income, property and flexible investment mandates.
Offshore funds
You can access core multi-asset products including equity funds and portfolios tailored to clients' individual investment aspirations.
Personal share portfolio
A customised portfolio of local and offshore shares built around the specific risk and return objectives of individual investors.
RMB Fusion funds
A series of funds that combines the cost-efficiency and benefits of passive investing across various asset classes, both local and offshore, with the advantages and oversight of tactical asset allocation. The Fusion series offers three funds for investors who are looking to invest over the short, medium or long term.
Tax advantages to investors who are committed to investing their money, as a lump sum or through monthly contributions, until they reach the minimum retirement age of 55.
A retirement annuity offers you the flexibility to gradually increase your contributions over time to meet your retirement saving goals.
When you retire, you must use at least two-thirds of your retirement annuity proceeds to buy a retirement income product to provide you with a regular income.
You may nominate beneficiaries for estate planning purposes.
| Aggregated assets on the platform | Assets managed within FirstRand | Assets not managed within FirstRand* |
|---|---|---|
| First R1 000 000 | 0.00% | 0.40% |
| Next R2 000 000 | 0.00% | 0.30% |
| Above R3 000 000 | 0.00% | 0.20% |
| Aggregated assets on the platform | Assets managed within FirstRand | Assets not managed within FirstRand* |
|---|---|---|
| First R1 000 000 | 0.00% | 0.55% |
| Next R2 000 000 | 0.00% | 0.45% |
| Above R3 000 000 | 0.00% | 0.35% |
*Assets managed by a third party that is not part of the FirstRand Group.
