Retirement Options Guide
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RETIREMENT PLANNING: GUIDE
- Your retirement options
- The Equinox Retirement Annuity Fund
- The Equinox Preservation Funds

Your Retirement Options

Justmoney.co.za has teamed up with Equinox to help you get the most from your retirement by planning for the future. Equinox offers three products: a Retirement Annuity fund, a Pension Preservation fund and a Provident Preservation fund. If you do not already have a retirement or pension fund then the Retirement Annuity fund is for you, but if you do have a pension and need to move it, then a Preservation fund will help.

These funds have been designed to give investors a transparent, flexible and cost effective pricing structure, as well as wide range of underlying unit trust investment choices. No strings, no penalties, no funnies, no hassle. Take control of your retirement planning now. It's never been easier.

The underlying investments in each of the products are flexible; you can switch from more aggressive unit trust funds to more balanced unit trust funds as your circumstances change.

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The Equinox Retirement Annuity Fund

The Equinox Retirement Annuity Fund provides investors with a tax efficient vehicle to save for retirement. It is ideal for self employed investors or those who wish to top up existing contributions to their pension or provident fund.

Equinox’s Retirement Annuity Fund enables investors to contribute to the fund on an 'as and when' basis without any penalties, which makes it ideal for those who have an irregular income stream.

Contributions to the Equinox Retirement Annuity Fund can be made on a lump sum basis or by debit order. Debit orders can be reduced, stopped and resumed as your circumstances change.

The focus is on simplicity, choice and transparency. The Equinox Retirement Annuity Fund does not offer any guarantees. Neither does it include any insurance component, which means significant cost savings and no complicated policy tie-ups.

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The Equinox Preservation Funds

The Equinox Pension Preservation and Provident Preservation Funds are designed for investors who are leaving an employer's pension or provident fund due to a change of employment, retrenchment or the employer closing the fund.

The preservation funds preserve your retirement assets and tax deductions previously granted on your contributions. Preserving the tax status will maximise the tax-free lump sum available on your retirement date.

As with all preservation funds, the assets have to be transferred directly from your pension or provident fund and no further contributions can be made. No tax is payable on the money transferred into your preservation fund. You are permitted one (taxable) deduction from your assets prior to retirement.

Where most preservation funds insist on a minimum of R50,000, the Equinox Preservation Funds have a low minimum lump sum of R25,000, as well as the widest range of underlying investment choices, and flexibility to switch between fund managers.

If your retirement funds are currently housed in a pension fund, you can transfer your assets to a Preservation Pension Fund. If your employer has housed your retirement savings in provident fund, you can transfer your assets to a Preservation Provident Fund.

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