By | October 19, 2017
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Save or Invest At ABSA For Your Retirement

Many older people can’t keep up their standard of living when they retire. Many start saving too late, or don’t continue to bolster their investments once they retire. Retirement planning will help you maintain your lifestyle.

  • Already retired

Keep growing your investment once you retire

Often, retirees don’t continue to invest or grow their retirement funds once they retire. The nest-egg that was meant to get them through their retirement years dwindles, and they can’t maintain their standard of living.

  • Term Deposits

Gives you a great way to gain higher investment returns, but don’t need immediate access to your money.

Dynamic Fixed Deposit
  • Opening deposit of R1 000
  • Opening deposit for upfront interest R100 000.01
  • No monthly administration fees
  • Choice of either a fixed interest rate for guaranteed returns or an interest rate linked to prime
  • Immediate access to your interest upfront or access to up to 50% of your investment
  • Ideal if you want higher investment returns with or without immediate access to a portion of your money
Fixed Deposit
  • Opening deposit of R1 000
  • Fixed interest rate for your investment term
  • Choose an investment term that suits you
  • Able to use the account to secure a loan or overdraft
Bonus Deposit
  • Opening deposit of R1 000
  • Fixed interest rate, but earn bonus interest of up to 2% if prime interest rates rise during your investment period
  • Able to use your investment to secure an overdraft
Islamic Term Deposit
  • Opening deposit of R1 000
  • Shari’ah compliant
  • No monthly fees
  • Pensioners with specific balances qualify for additional profit share

Unit Trusts

Diversify your investment portfolio with unit trusts – which give you reach into a wide range of investment markets, both locally and offshore.

Virtual Investor

You can use the self service tool to find the right investment product to suit your risk profile and investment needs.

Find the right investment

Absa Balanced Fund
  • Opening deposit of R2 000
  • Strong focus on capital preservation
  • Medium to long-term investment
  • Offshore and local market exposure
Absa Multi Managed Accumulation Fund of Funds
  • Opening deposit of R2 000
  • Managed by multiple asset managers
  • Medium to long-term investment (3 years or more)
  • Offshore and local market exposure
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Absa Global Core Equity Feeder Fund
  • Opening deposit of R2 000
  • Aims to grow your capital
  • Long-term investment (5 years or more)
  • Offers geographic and currency diversification
Absa Core Income Fund
  • Opening deposit of R2 00
  • Invest R200 per month
  • Higher level of income than money market unit trust funds
  • Minimum 48 hours’ notice to access your money
Absa Absolute Fund
  • Opening deposit of R2 000
  • Provides a source of income and offers potential for capital appreciation
  • Medium to long-term investment (3 years and more)
  • Access to your money with 48 hours’ notice

Living Annuity

The Absa Living Annuity reinvests your accumulated retirement savings to provide you with a retirement income – while aiming for additional long-term investment growth.

Living Annuity
  • Initial investment of R50 000 or more
  • A way to reinvest your retirement savings once you retire or move jobs
  • Gives you a monthly income

Share Trading and Investing

With retirement, the focus is usually on low-risk investments that give a good income – which can be achieved by selecting the right shares and ETFs which pay consistent dividends. Lower risk is achieved through diversification of your investments – which you can accomplish by investing online yourself, or with the support of a dedicated portfolio manager to manage your investment.

Absa Stockbrokers and Portfolio Management
  • Invest and trade in equities and exchange traded funds locally and offshore in over 20 exchanges
  • No minimum amount to start – debit orders from a minimum of R250
  • With over R250 000 to invest, a portfolio manager can help you
  • Invest in a tax-free savings account, for local and offshore exposure
  • No age limit
  • Planning to retire
Retirement planning makes all the difference

Retirement may seem a long way off when you are in your 20s, but the earlier you start retirement planning, the more you will be able to grow your investment to ensure that you maintain your lifestyle in your later years. 

Retirement Annuity

The Absa Retirement Annuity is an ideal way to invest if you are currently employed and want to make an additional provision for your retirement years, or if you are self-employed or do not have a company pension or provident fund.

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Absa Retirement Annuity
  • Initial investment of R10 000 or more
  • Minimum monthly contributions of R250
  • Flexible investment term based on your selected retirement age
  • Tax-free transfers from other pension, provident or retirement annuity funds
  • Can be used to top up current retirement investments

Core Retirement Annuity

The Core Retirement Annuity from Absa is a low-cost retirement annuity based on life-stage investing, and ensures that you get the most benefit from your investment.

Absa Core Retirement Annuity
  • Minimum initial investment of R10 000 or monthly contribution of R500 or both
  • Portfolio adjusts according to life stage as you near retirement
  • Contributions are tax deductible
  • Can be used to top up current retirement investments
  • Tax-free transfers from other pension, provident or retirement annuity funds

Preservation Fund

The Absa Preservation Fund is an ideal way to preserve your investment if you are currently moving from one employer to another, have been retrenched, or are looking for a flexible retirement savings option.

Preservation Fund
  • Minimum initial investment of R25 000
  • Used to preserve your investment when you move between employers or are retrenched
  • No minimum investment term

Share Trading and Investing

With retirement, the focus is usually on low risk investments that give a good income – which can be achieved by selecting the right shares and ETFs which pay consistent dividends. Lower risk is achieved through diversification of your investments – which you can accomplish by investing online yourself, or with the support of a dedicated Portfolio Manager to manage your investment.

Absa Stockbrokers and Portfolio Management
  • Invest and trade in equities and exchange traded funds locally and offshore in over 20 exchanges
  • No minimum amount to start – debit orders from a minimum of R250
  • With over R250 000 to invest, a portfolio manager can help you
  • Invest in a tax-free savings account, for local and offshore exposure
  • No age limit