SanlamAllianz Income
DrawDown Fund
What is the SanlamAllianz Income DrawDown Fund
The Income Draw Down Fund is a registered retirement fund that receives your retirement benefits when you retire. Your money remain invested, allowing you to draw regular income while the balance continues to grow. You can choose how often to receive income – monthly, quarterly, semi-annually or annually and withdraw up to 12 percent of your account balance each year, in line with regulatory guidelines. The minimum drawdown period is 10 years. After that, you may continue with the drawdown, purchase a life annuity or withdraw the remaining balance as a lump sum.
Our Income Draw Down is regulated by the Retirement Benefits Authority.
InCOME DRAWDOWN FUND
Key Features and Benefits
Steady Income – Receive regular payments: monthly, quarterly, semi-annually, or annually from your invested retirement funds.
Investment Growth – Your funds remain invested in SanlamAllianz’s Deposit Administration Fund, managed professionally to deliver consistent returns.
Flexibility – Choose or revise your payment frequency and amount (up to 12% per year). Option to defer income and let funds continue growing. Portability option after 5 years of membership.
Tax Advantage - All benefits are exempt from tax in accordance with the Tax Laws (Amendment) Act 2024 and any subsequent amendments.
Choice at Maturity: At the end of 10 years, choose to: Renew for another 5 years or Convert to an annuity or Access your balance as a cash lump sum