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09-05-2016 - SA Annuity Index - 9 May 2016
The South African Annuity Index™ illustrates the weighted average movement of South African Guaranteed Annuity rates on a weekly basis.
 
 
 
 
 
 

The SA Annuity Index - 9 May 2016

 

 

 

 

Lower

Upper

Male

103.28

UP 0.72%

212.23

UP 0.60%

Female

103.51

UP 0.78%

204.17

UP 0.59%


Don't forget to download your 2016/2017 SA Tax Guide here

For more information on how this change in curve affects annuity rates please download the Paramount University Series document How to calculate an annuity off www.paramountlife.co.za.

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To subscribe email your cellphone number to info@paramountlife.co.za. 

 
  

Rates are based on a single life compulsory or voluntary annuity purchase price per R100 000 for people born on 01/01/1956 payable monthly in arrears. The lower rate refers to the rate for a healthy, non-smoking client who worked as an administrator and earns a gross income of R20,000 per month. The upper rate refers to the rate for a smoking and severely ill client who worked as an administrator and earns a gross income of R20,000 per month. The Paramount Life income quoted includes Estate Protect capital protection with a 50,10,10 pattern. Other provider rates include a 10 year guarantee term.   Source of provider rates: Saturday Star 07/05/2016 and Paramount Life for the previous week's rates.



The rates used for the index are as per the Market Annuity Bureau.

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