InvestSA: Retirement and living annuities in estate planning

A 92-year-old woman has a share portfolio of R 8 million. Like many of us, leaving a legacy is extremely important to her and will include some form of asset transfer to her nearest and dearest when she dies.

Her financial planner advises her to invest R5 million in a retirement annuity. Is this sound advice?

Read the full article on page 44  in the December/January issue of InvestSA HERE.

Written by Wayne Van Rensburg | 27four Individuals