n Personal Finance Newsletter - Are living annuity policyholders drawing too much? : retirement planning
|Article Title||Are living annuity policyholders drawing too much? : retirement planning|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Jul 2015|
|Pages||12 - 13|
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) 2014 Living Annuities Survey, 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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