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n Personal Finance Newsletter - Are living annuity policyholders drawing too much? : retirement planning

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Abstract

Living annuity policyholders withdrew on average 6.59% of their capital as income last year. According to the Association for Savings and Investment South Africa's (ASISA) , this figure is slightly lower than the average drawdown of 6.63% in 2013. Yet it is considerably higher than the recommended 5%.

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/content/monpf/2015/414/EJC172435
2015-07-01
2016-12-07
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