How to handle changes to living annuity drawdowns
Take advice about what the hotly anticipated tweaks to the legislation will mean for the longevity of your income
12 May 2020 - 05:10
Retirees are likely to be able to adjust the percentage they draw as a pension from their savings in an investment-linked living annuity at the end of May until the end of August.
Life companies and investment platforms are on tenterhooks expecting changes to the relevant legislation to be gazetted any day now, but are preparing to allow living annuitants to make changes in time for pension payments that start on the 24th of the month...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.