A post-retirement investment that pays you a regular income while keeping your capital invested, giving you control over your drawdown rate and underlying investments.
Your living annuity is held on Prism, operated by Mzansi Wealth. Underlying funds are managed by Mzansi Investments and selected external managers.
Adjust your annual income percentage once a year, within the regulated 2.5%–17.5% band.
Unlike a guaranteed (life) annuity, your capital remains invested and can keep growing.
Any remaining capital at your death passes to your nominated beneficiaries, rather than being forfeited.
| Item | Detail |
|---|---|
| Minimum annual drawdown | 2.5% of capital |
| Maximum annual drawdown | 17.5% of capital |
| Drawdown review | Annually, on your policy anniversary |
| Annual management fee | 0.50% – 1.75% p.a., depending on underlying funds |
| Source of funds | Typically a Retirement Annuity, pension or provident fund at retirement |
A high drawdown rate risks depleting your capital faster than it can grow — your adviser can model a sustainable rate for your life expectancy.
Yes, once a year on your policy anniversary, within the regulated 2.5%–17.5% band.
Any remaining capital passes to your nominated beneficiaries, who can take it as a lump sum or continue the living annuity themselves.
An adviser at Mzansi Advisors can model a sustainable drawdown rate based on your capital and life expectancy — at no extra cost.
Speak to an adviserCompare all investmentsMzansi Wealth (Pty) Ltd is an authorised Financial Services Provider (Category I, platform administration), regulated by the FSCA.
Mzansi Investments (Pty) Ltd is an authorised Financial Services Provider (Category II, discretionary), regulated by the FSCA.
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