What is an investment? 
Long term investments are typically invested towards your retirement. There are a few different investment vehicles that you can do this through such as Pension Funds, Provident Funds, Retirement Annuities and even Unit Trusts. There are tax benefits to many of the retirement vehicles mentioned above that if utilised correctly could result in more money in your pocket.

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Retirement Annuities

What is a Retirement Annuity?
A retirement annuity is a tax efficient investment vehicle that helps you save towards your retirement. You get tax deductions on your contributions into this vehicle in addition to earning tax free returns within the fund of your choice. You are only able to access the money in this fund at age 55. When you access the money in the fund you are only able to take out a maximum of one third as a lump sum and the remaining money must be used to purchase an annuity (a monthly income stream). You are able to contribute on a monthly basis, as a lump sum or both into these vehicles.

Why do I need a Retirement Annuity?
A retirement annuity helps you build up capital throughout your working years, so that you have enough money to sustain and enjoy the same standard of living when you retire.

How much do I need to invest?
How much you need to invest for your long term goals such as retirement depends on a few factors:

  1. At what age do you plan to retire?
  2. How much do you want to live off in retirement?
  3. What returns are you able to achieve over your investment horizon
  4. How much can you afford to invest now

Speak to our financial advisors to get a retirement plan created for you!




What is an Endowment?
An endowment is an investment vehicle that offers individuals the ability to invest into unit trust funds. An endowment is often used for tax and estate planning reasons. The income in the fund is taxed at 30% which makes it only applicable for individuals that are in the 30% or higher tax bracket. The minimum you have to leave your money within an endowment is five years. You are able to contribute on a monthly basis, as a lump sum or both into these vehicles.




Unit Trust


What is a Unit Trust?
A unit trust is a flexible investment vehicle that allows an individual to invest their money in a variety of different funds. There are currently over 1500 different funds that you can choose from, ranging from aggressive funds like equity funds to very conservative funds like money market funds. Your financial planner will help you choose the correct type of fund to invest into. A unit trust allows you to access your money at all times, however you don’t get any tax benefits like retirement annuities.

How much should I invest in a Unit Trust?
The amount you want to invest in a unit trust depends on your savings goals and the amount of disposable income you have. You are able to contribute to a unit trust on a monthly basis, as a lump sum or both into these funds.




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