Retirement annuities are essentially individually owned pension plans giving the same tax deductions for individuals as those contributions made by employers and employees alike under a properly constituted “pension plan”.


"Before you judge a man, walk a mile in his shoes.

After that who cares?.... He’s a mile away and you have his shoes!"

But… do you really want to wear someone else’s shoes?

When it comes to preparing YOUR retirement we let you walk your path to, and through retirement in your shoes through properly balanced and appropriate funds.

Our unique and innovative retirement investment solutions will find the right fit for your retirement….. Within the scope of your own risk tolerance, but carefully guided all the way.






Peace of mind

1. Pension Fund/Retirement Annuity Fund contributions are fully protected from creditors.
2. Pension Fund/Retirement Annuity Fund contributions are fully tax deductible up to certain generous limits. [Give us a call to do the calculations for you]. These calculations will reflect the maximum allowed as a tax deductible amount & all importantly YOUR percentage of current monthly income at retirement.
3. Let the effects of compound interest work for you.
4. Think long term – Every retiree we have ever had dealings with always says “I wish I had contributed more when I could have, it would have made such a difference”.

Reason for the proposal

• Social assistance and security are two of the constitutional responsibilities of Government.
• RSA has one of the lowest national savings to Gross Domestic Product (GDP) ratios in the world. At 1% (for household sector) and 15% (for corporate and government sectors). A COMPULSORY savings vehicle would contribute to reaching a more desirable savings rate of between 20% and 35%, achieved by other growing economies.
• Preservation of benefits remains an issue and leakage of savings before retirement often occurs.

THE NATIONAL SAVINGS FUND PROPOSAL

There is consensus that the existing old age pension scheme will continue to exist, albeit with certain changes, such as doing away with the means test (thus fewer qualifying requirements). This benefit will continue to be funded by Government through general taxes and no separate contributions are required. People belonging to the national savings fund would be able to receive an old age benefit as well.

S.A.’s process of retirement reform is taking too long; the original 2010 target date for implementation is no longer feasible. This said however, if you as a Company Director have not implemented “your own fund” for yourself and your staff members by actual implementation date you may well be forced into the National Savings Plan! Surely, it would be beneficial to have your own properly arranged employee benefit pan to which you may give input and direction? Choice of Fund manager; choice of benefits; choice of contributions; choice of investment medium etc.

E mail us to arrange a quotation on your requirements. It’s the socially responsible thing to do. brian@babrokers.co.za