Retirement Annuity
Sanlam's Retirement Annuity gives you a tax-efficient way to build your retirement savings, with contributions that are tax-deductible up to SARS limits and growth that compounds until you retire.
Your monthly contribution exceeds the SARS tax-deductible limit of 27.5% of your taxable income (capped at R430 000 per year) — the excess is not tax-deductible this year, though it carries forward. Speak to a Sanlam adviser about structuring your contributions.
Illustrative projection only, assuming retirement at age 65 and a constant 8% annual growth rate compounded monthly on your Sanlam Retirement Annuity. Estimated tax saving is calculated using the SARS 2026/27 individual income tax tables and primary rebate (R17 820), based on the difference between tax payable on your full taxable income and tax payable after deducting your retirement annuity contribution. Contributions are tax-deductible up to 27.5% of taxable income, capped at R430 000 per year; excess contributions are not lost and carry forward to future tax years. Actual returns and tax outcomes will vary. This does not constitute financial or tax advice.