The Allan Gray Group Retirement Annuity

The Allan Gray Group Retirement Annuity system is an efficient retirement savings solution for you and your employees.

Individual unit trust-based retirement annuities are managed on a group basis, with minimal administration requirements for you, while your employees get all the benefits of having their own retirement annuity, including tax advantages, control of their investment choicesflexibility and portability.

Simplified administration
Simplified administration

We take care of all the fund administration and provide a convenient online system for you to manage your employees’ contributions. You also get access to a direct point of contact to assist you.

You get value for money
Value for money

When you invest in Allan Gray unit trusts we only charge fees within our unit trusts, which are already deducted from the return your employees see. There are no fees for using our group retirement annuity system.

Employee engagment
Employee engagement

We communicate directly with all employees, including sending them their investment statements. They can also access their statements, reports and articles of interest online at any time. We provide training and investor education on request.

Reasons a group retirement annuity may not be suitable for your business

  • Employees cannot take their full benefit in cash when they retire after 55. Employees can only take one-third in cash. The rest must be used to purchase an investment product that will provide a retirement income. This contrasts to some traditional arrangements where members can take the full benefit as cash.
  • Employees cannot take a full or partial withdrawal when they leave their employer. This is different to traditional arrangements and may mean no access to cash at a time when some cash may be useful to the individual

 

Please contact our Group Savings Operations Team to assist you with the next steps of how to set up the Group Retirement Annuity System.

Tel: 0860 000 870
Fax: 0860 000 655 / +27 (0)21 415 2492
Email: groupsavings@allangray.co.za

The financial services, products or investments referred to on this website are not available to persons resident in jurisdictions where their availability or distribution would contravene local laws or regulations and the information on this website is not intended for use by these persons. This website is for information only and does not in any way constitute a solicitation or offer by Allan Gray Proprietary Limited or any of its associates or subsidiaries (collectively “Allan Gray”) to buy or sell any financial instruments or to provide any investment advice or service.

By selecting one of the countries below I confirm that I have read and understood the above and that:

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(e) I confirm that any investment with Allan Gray is based on my own initiative and not due to any offer or solicitation by Allan Gray.