Watch: Understanding your pension options at retirement

21 August 2021

Many pension, provident and retirement annuity members have to buy an annuity or monthly pension with their savings when they reach retirement.

Your retirement fund may offer you a default annuity that may be a good option, but may not always be the perfect fit for your circumstances. Understanding the options not only helps you make a wiser choice at retirement, but can also improve your pre-retirement planning.

In just a few minutes, this video will help you tell a guaranteed annuity from a living annuity, and the key things to think about when choosing between the two.