Provisory helps you build a retirement plan — from early saving to lifelong income — tailored for South Africans.
Choose the right plan for your stage in life.
Save independently for retirement with tax-deductible contributions.
Preserve retirement savings when changing jobs without penalties.
Convert savings into a guaranteed lifetime income for financial security.
Flexible retirement income — choose investments and adjust withdrawals.
| Plan / Option | Main Purpose | Tax / Benefit Highlights | When It’s Useful |
|---|---|---|---|
| Retirement Annuity (RA) | Independent long-term retirement savings |
• Contributions deductible (up to 27.5% of taxable income) • Investment growth tax-free • Lump sum portion tax-free at retirement |
Self-employed or anyone wanting full control over retirement saving |
| Preservation Fund | Preserve retirement savings when changing jobs |
• No penalties or forfeiture of benefits • Investment continues tax-free • Transferable to RA or annuity later |
Leaving an employer with pension/provident fund |
| Life Annuity | Convert savings into guaranteed lifetime income |
• Lifetime income stability • Optional inflation or fixed increases • Can include spouse/dependant options |
Retirees seeking security and predictability |
| Living Annuity | Flexible post-retirement income |
• Adapt withdrawals & risk profile • Tax-efficient growth • Preserve capital long-term |
Retirees wanting control or to leave inheritance |
