Income Investments
What is 'Income Investments' ?
It is when you need your investment to provide YOU with a monthly payout, either for a specified term or for the rest of your life.
What type of options are there, to mention some?
Funds from retirement investments (Compulsory Funds)
| Living Annuity | A drawdown / selling, % of your investment funds. There are limits. The limits are 2.5% up to 17.5%. If there are funds in the investment at your untimely death, you can nominate beneficiaries. |
| Life Annuity | The investment company must provide YOU with an income for the rest of YOUR life. If you die after the guaranteed term, then there is NO benefit for beneficiaries. |
Funds from other investments (Voluntary Funds)
| Drawdown % from your investment | You decide to either only withdraw the interest or a specified % from you investment on a regular basis. |
| Voluntary Income Plan | The investment company must provide your with an income for a specified period or for the rest of your life. |
Some other facts
- Your income plan can be a combination of the available options.
Questions to consider
- Do you want to leave some money to family, when you pass?
- Do you want a guarantee that the money you invest will give you an income for the rest of your life?
No plan is a "One size fits all" solution. Each individual has different needs, different desires and unique risk appetite, which means each Income Plan needs to be tailor-made to fit you perfectly.