A tax-efficient way to save for retirement, with contributions that reduce your taxable income today and a disciplined structure that locks in your savings until retirement.
Your retirement annuity is held on Prism, operated by Mzansi Wealth. Underlying funds are managed by Mzansi Investments and selected external managers.
Reduce your taxable income today by contributing up to 27.5% of your income, capped at R350,000 a year.
Preserves your retirement savings by restricting access before age 55, with limited exceptions.
Take up to a third as a cash lump sum (subject to tax), with the rest used to provide a retirement income.
| Item | Detail |
|---|---|
| Maximum tax-deductible contribution | 27.5% of taxable income, capped at R350,000/year |
| Minimum monthly contribution | R500 |
| Earliest access age | 55, except in cases of permanent emigration or disability |
| Annual management fee | 0.50% – 1.75% p.a., depending on underlying funds |
| Lump sum at retirement | Up to one-third, subject to tax tables |
Only in limited circumstances, such as formal emigration or permanent disability — it's specifically designed to preserve your retirement savings.
Nothing — an RA is independent of your employer, so it continues uninterrupted regardless of where you work.
Your full contribution, up to the 27.5% limit, is deducted from your taxable income, which can meaningfully reduce your annual tax bill.
An adviser at Mzansi Advisors can calculate your optimal contribution based on your income — 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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