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  • Finweek - English

    CONSIDERING YOUR RETIREMENT OPTIONS

    Jul 09, 2021 4 minutes
    By Jaco Visser

    the main question facing those who are on the verge of retiring is: Should I buy a guaranteed income (life annuity) or face the markets (living annuity) with my retirement pot? The Covid-19 pandemic was initially benevolent for life annuity rates, with the cost of a R5 000 per month income dropping from around R900 000 in February last year to just over R700 000 at the end of March 2020, according to data from Sanlam. These prices have now returned to the level of February last year.

    The main driving force behind the price of a life annuity is long-term interest rates (or the longer end of the bond yield curve). When South Africa’s

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