Retirement Annuity Plus

The Retirement Annuity Plus Policy is a recurring or single premium retirement annuity policy. This policy offers the facility to save a lump sum, which can be used to buy an income during retirement.

1. Minimum premium:
 
a. N$175: Recurring Premium
b. N$25,000: Single Premium
 
2. Optional waiver of Premium: 10% optional disability only
 
3. Retirement Age: Between 55 – 65
 
4. Maturity

• No surrender or Partial Surrender withdrawals are allowed on a Retirement Annuity policy.

• On retirement date, 1/3 of the money will be paid out - tax free, while the remaining 2/3 will be utilise to purchase a retirement annuity.

• Tax Advantage: In Namibia the full capital value at retirement may be taken as a tax free lump sum amount if the capital value is less than N$50 000. Otherwise up to 1/3 of the capital value may be taken as a tax free lump sum amount.

 

Brochure under review

About Us
CONTACT US

Email : clientservice@mminamibia.com
Tel : +264 61 297 3000
Fax: +264 61 249 773

"Our purpose is to enhance the lifetime financial wellness of people, their communities and their businesses"