Retirement Annuity

Build the retirement you want. A Retirement Annuity is a long-term retirement savings plan that grows your wealth in a tax-efficient way, with flexible contributions to suit your lifestyle and goals.

Key features

Tax-deductible contributions within legislative limits

Tax-free investment growth inside the product

Flexible monthly, annual, or lump-sum contributions

Access to retirement benefits from age 55

Wide range of investment portfolios

Professional fund management

Portable across jobs and career changes

Beneficiary nomination for estate planning

How the Retirement Annuity Works

Contributions

You can contribute monthly, annually, or as ad-hoc lump sums. Contributions are tax-deductible within the limits set by Namibian tax legislation, lowering your taxable income while you save.

Investment Growth

Your contributions are invested in your chosen portfolios. All growth inside the Retirement Annuity (interest, dividends, and capital gains) accumulates free of tax, which can significantly boost long-term returns.

Portfolio Choice

Choose from a range of portfolios managed by leading asset managers, including STANLIB Namibia, Allan Gray Namibia, and Old Mutual Namibia. Your intermediary can help you select portfolios suited to your risk profile and retirement timeline.

Accessing Your Retirement Savings

From Age 55

You can access your Retirement Annuity benefits from age 55 onwards. A portion can be taken as a cash lump sum, with the balance used to purchase a retirement income product such as a Living Annuity.

Retirement Income Options

At retirement, your Retirement Annuity can be converted into a Living Annuity or similar income-producing product, providing a sustainable income throughout retirement.

Who Should Consider a Retirement Annuity

Individuals without an employer-sponsored retirement fund
Self-employed professionals saving for retirement
Employees wanting to supplement existing pension savings
Anyone seeking a tax-efficient, long-term savings vehicle

Frequently asked questions

Are my contributions to a Retirement Annuity tax-deductible?

Yes. Contributions are tax-deductible within the limits set by Namibian tax legislation. Your financial intermediary or tax practitioner can confirm the exact limits that apply to your situation.

When can I access my Retirement Annuity?

You can access your retirement benefits from age 55 onwards. A portion can be taken as a cash lump sum, with the remainder used to provide retirement income.

Can I change my contribution amount?

Yes. You can increase, decrease, or pause your contributions at any time to suit your financial circumstances. Any lump-sum top-ups are also welcome.

What happens to my Retirement Annuity if I pass away?

The value of your Retirement Annuity is paid to your nominated beneficiaries or your estate, in line with Namibian retirement fund legislation.

A Tax-Smart Way to Build Your Future