Sanlam Echo Bonus RA Plan Explainer

Cumulus Echo Retirement Plan The Cumulus Echo Retirement Plan offers unparalleled value for money, made possible through the unique Echo Bonus, a first of its kind in South Africa. The Echo Bonus is an amount which is added to the benefit payable at termination or retirement. The longer the client has made contributions and the higher the amount of these contributions, the larger the Echo Bonus will be. Benefits Echo Bonus - enhances the retirement savings. Among the lowest effective annual cost (EAC) values across the board compared to its peers. Option at retirement to continue without further payments while drawing a regular income Optional ‘waiver of payment at disability’ benefit ensures that retirement provision is not compromised. Clients have the option to change their existing qualifying Sanlam retirement annuity plans to a Cumulus Echo Retirement Plan. Echo portfolio pricing applies if your clients’ have more than one Cumulus Echo Retirement Plan with a combined value of more than R500 000. Features From R300 per month or one-off R25 000 (ad hoc R5 000). Contributions are invested in investment funds of the client’s choice. Leading investment funds carefully selected by Sanlam are available to choose from. Sanlam Escalating funds offer an investment guarantee - allowing the client to take advantage of rising markets, while protecting the investment when markets are volatile. Lifetime investment options (Regulation 28 compliant) aligns pre-retirement investment to match income strategy post-retirement. The Vesting Bonus Fund, which provides smoothing of investment returns, is also available. Temporary financial difficulty – a payment holiday of up to 12 months may be requested (terms and conditions apply).