Retire for longer with the Alexforbes Living Annuity

You’ve worked a lifetime to build your retirement savings. Now let your savings work for you in retirement. Thanks to our combination of investment technology, innovative low fees and smart investment funds, the Alexforbes Invest Living Annuity could give you more years’ worth of retirement income.

Speak to your financial adviser or just get started below.

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Retire into a Living Annuity

The Alexforbes Invest Living Annuity is ready to help manage your retirement savings by giving you a sustainable plan for your retirement years.

Open a Living Annuity

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Transfer into a Living Annuity

Thinking about transferring your existing living annuity to take advantage of award-winning investment technology and human advice, think no further, and even better we do all the admin for you.

Transfer my Living Annuity

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What makes the Alexforbes Invest Living Annuity different?

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Up to 90% offshore equity exposure

If you favour more offshore exposure, take up the Alexforbes Invest Living Annuity and you can allocate up to 90% of your investment in offshore equity.

Our Onefee model

High investment fees can limit the success of your investment. With our Onefee, you pay less, which means you could get more out at retirement. Find out more here.

Outcomes-based investing

Stick to your retirement goals by tracking your investment's outcomes in real-time.

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Want to design your own investment portfolio in retirement?

Our systems automatically suggest a suitable investment fund for your income in retirement, but you can also build your own combination from the funds available on the platform and get an instant estimate of your income in retirement.

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Get more years of income at retirement

Browse through some examples of how the Alexforbes Invest Living Annuity's low fees could contribute to more years of income at retirement, when compared to investments that apply a 3% p.a. fee model.

Profiles used are only for illustrative purposes. These figures include fees for advice, administration, fund management and other costs. We use the same return estimate when comparing investments applying a 3% fee model and an investment with Alexforbes Invest on various portfolio options, the only difference being the applicable fees. Modelling excludes the impact of taxes (including securities transfer tax). Research on fees was conducted by Alexforbes Invest internally. Past performance is not indicative of future performance. All investments are exposed to risk, not guaranteed and dependent on the performance of the underlying investments. Fees may change due to inflation.

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Frequently asked questions

When will my investment policy start and how will my investment be administered?
Your policy will only start once we have received your application, it has been approved by the administrator and the contribution has been invested. The policy will end when you die, the value of your investment becomes zero or when you transfer to another living annuity. Your contributions will be invested through the administrator in one or more of the investment funds, provided by the administrator, as selected by you, with help from your financial adviser if applicable. The investments are held in your name by Alexforbes Invest on behalf of OUTsurance Life and will be invested through Alexforbes Invest Nominees (Pty) Ltd into the investment funds of your choice
What happens to my living annuity when I die?
When you die the remaining amount in your living annuity will be distributed to the nominated beneficiaries within a short period of time, up to a few weeks depending on administration requirements or any outstanding information. If you don’t nominate a beneficiary, the remaining amount in your living annuity will be paid to your estate and may be subject to estate duties and executor fees. Your beneficiary details must be kept up to date. You can keep them up to date by logging into your dashboard or through your appointed financial adviser if you have one
What is the minimum amount I can invest in the Alexforbes Invest Living Annuity?
We currently require a minimum initial investment of R300 000 to start your Living Annuity.
How do taxes impact my living annuity?

Every time you withdraw money from your living annuity, the administrator will hold back an estimate of taxes due and will pay the balance to you. This type of tax is known as income tax or Pay As You Earn (PAYE).

All the investment growth, income or capital gains are free of tax inside the Alexforbes Invest Living Annuity.

Under what circumstances can I withdraw the value of my living annuity in cash?
If the value of your living annuity is less than the regulated amount as set out in legislation (currently R125 000) you can withdraw the full amount less any applicable income tax.
Can I convert my Alexforbes Invest Living Annuity to a conventional life annuity?

In some instances, you may decide that you would prefer the safety of a fixed income for the remainder of your life. To achieve this, you are able to convert your existing Alexforbes Invest Living Annuity to a life annuity. However, once you have converted your living annuity to a life annuity, you may not convert it back. If you would like to know more about this, please get in touch with your financial adviser, if applicable, or call Alexforbes Invest to discuss this in more detail.

The Alexforbes Invest Living Annuity is underwritten by OUTsurance Life, a licensed insurer and FSP.

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