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   Increase existing Retirement Annuity

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Introduction to retirement annuity increase

You can use this webpage to request to increase your existing retirement annuity contribution or to make a lump sum payment towards your existing retirement annuity. Whether it is the best option to increase or make a lump sum payment on your existing retirement annuity is most probably a question you will ask. The answer to last mentioned question will depend on the existing product. It is advisable that you request advice from an experienced financial advisor or complete the application form on this page to ensure that you get appropriate advice.

Will it be possible to increase my existing retirement annuity?

Whether you will be able to increase your existing retirement annuity contribution should be the first question you ask! The Retirement Annuity fund rules will determine whether you will be allowed to do it. If the fund rules allows the increase you are intending to make it could still be asked whether there aren’t better options available where costs are lower and potential returns are better. 

Are there better options available for increasing my retirement savings?

Depending on the existing retirement annuity product you have, there could be better options available! If your existing product is of the ‘older generation retirement annuity products’ type it could be more expensive to increase your existing retirement annuity product and it could possibly be cheaper and more beneficial to rather apply for a ‘new generation retirement annuity’ product. New generation retirement annuities have a much cheaper cost structure compared to the older generation retirement annuities with a resulting increase in your potential return! To ensure that you make the correct choice Plandirect’s advice will be to contact an experienced advisor or to complete the form on this webpage to request advice on your intended transaction.  

Minimum requirements to increase a retirement annuity contribution

If the fund rules allows an increase of your existing retirement annuity, there are normally certain minimum requirement for this type of increase or lump sum payment which will be determined by the company that underwrites your product. By completing the form or contacting an advisor, you will have access to an authorised & experienced financial advisor that will be able to give you the best answers to your questions.

Apply to increase your existing retirement annuity contribution:

When you complete and submit the form, an experienced financial advisor will make contact with you and assist you to make the right decisions for your unique needs & circumstances
Policy number  
Insurance company  
Date of increase  
     
Increase per month? R
Lump sum payment (if applicable) R
     
Title  
Preferred name  
Surname  
Email address  
Phone number  
 
Additional instructions?
 

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