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Shimanda Capital | Retirement Annuity Plans
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Retirement Annuity Plans
Cumulus Echo Retirement Plan

Cumulus Echo Retirement Plan

The Cumulus Echo Retirement Plan offers unparalleled value for money, made possible through Wealth Bonus, a first of its kind in South Africa.

Wealth Bonus is an amount that Sanlam will add to the benefit payable at termination or retirement. The longer the client has made contributions and the higher the amount of these contributions, the higher Wealth Bonus will be.

 

Benefits

  • Wealth Bonus – enhances retirement savings.
  • Among the lowest Effective Annual Cost (EAC) values across the board compared to its peers.
  • Access to a wide range of flagship funds that offer an opportunity to enhance returns.
  • Optional Waiver of Payment at Disability benefit ensures that retirement provision is not compromised.
  • Clients have the option to change their existing qualifying Sanlam retirement annuity plans to Cumulus Echo Retirement Plans.
  • Echo portfolio pricing applies if clients have more than one Cumulus Echo Retirement Plan with a combined value of more than R500,000.

 

Features

  • Option to link to the Goal Manager with a retirement income or healthcare cost goal.
  • From R200 per month or a one-off R25,000 investment (ad hoc contributions from R5,000).
  • Ad hoc increases from only R150 per month.
  • Contributions are invested in investment funds of the client’s choice.
  • Leading investment funds carefully selected by Sanlam are also available.
  • Lifetime investment options (Regulation 28 compliant) align pre-retirement investments to match income strategy post-retirement.
  • The Satrix Smooth Growth Fund, which provides smoothing of investment returns, is also available.
  • In cases of temporary financial difficulty, a payment holiday of up to 12 months may be requested (terms and conditions apply).