Retirement Annuity Savings

Cardinal Insurance offers a retirement savings plan that is available to anyone, Retirement annuity is an affordable plan to help you avoid the stress of not having enough money when your normal work life comes to an end.

• Start saving from R250 a month.
• Save for your retirement independently from your employer. 
• Two-thirds of your payment is invested in a retirement pot. 
• One-third of your payment is invested in a savings pot. 
• In case of a financial emergency, you are allowed to make one withdrawal from your savings pot during a tax year. 
• Your retirement savings are protected from creditors.

This product is suitable for every person who wants to have a pension benefit, including an employee that wants to supplement a provident fund benefit provided for by an employer. It is ideal for a security company or any other business entity that wants to supplement the industry provident fund arrangements.