Your contribution to the retirement annuity is tax deductible (up to a prescribed maximum).
Freedom of choice
You may opt to utilise our Destiny LifeStage Model that automatically adjusts the type of investment as your life stage changes or you could choose from the Destiny Investment Options that are most suited to your risk profile.
Our laws stipulate that you may only cash in your retirement annuity at retirement. However, Destiny offers you the flexibility to switch between the Portfolios at any time, if you have not selected the Destiny LifeStage Model. If you change jobs, you will also be able to stop and start contributions or transfer your investment to any other approved retirement annuity fund - without any penalties.
Destiny subscribes to a 100% transparency policy. All our fees are fully disclosed and are available for public review at any time.
The Destiny Retirement Annuity Fund will be a sensible choice if:
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You are allowed the greater of the following tax deductions:
What are the other tax implications?
These transfers are subject to the requirements of the receiving and the transferring retirement annuity funds as well as legislation at the time.