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  • You South Africa

    6 Things to consider before adjusting your annuity income

    Jun 26, 2020 3 minutes
    BY LETITIA WATSON

    Send suggestions for topics and requests for info to yourmoney@you.co.za. We may answer your questions in this column but won’t reply personally.

    NATIONAL treasury recently announced pensioners had until September to increase or decrease the percentage of the living annuity they withdraw as income.

    We unpack what this means and what you need to consider.

    FIRSTLY, IS YOUR ANNUITY A LIVING ANNUITY?

    If you’re not sure what type of annuity you have, ask

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