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Welcome to the UCT Retirement Fund Living Annuity Calculator
This tool is designed to help you understand:
- The extent to which a living annuity may meet you retirement needs;
- How the way in which you invest your retirement money impacts on your living annuity; and
The two other important risks of a living annuity, namely that you draw too much each year and that you and/or your spouse live too long!
Legal Disclaimers
- This tool is simply a model and contains numerous assumptions. These assumptions may not be borne out in practice and thus the tool should be used only be used as a guide.
- Tax laws restrict the yearly income that you can draw from a new living annuity to a minimum of 2.5% of the capital at the start of the year, and a maximum of 17.5% (or less, depending on your age). These limits have deliberately NOT been built into the model. In practice it is possible that the limits will restrict the income that you can draw in any given year.
- The use of this tool does not constitute advice from the Fund, the Trustees or it consultants.
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