Unit trusts
Can I transfer from a retirement annuity to a unit trust?
Question:
Can one switch your old mutual RA fund and invest in a unit trust and then sell your unit trust?
Answer:
The law does not allow you to transfer your money from a retirement annuity to a unit trust. If you are over the age of 55, you could withdraw up to 1/3rd of your money with the remainder having to be used to purchase an annuity.
Join 50,000+ smart investors
Get valuable investment insights as well as access to webinars and podcasts on tax, retirement, and strategies to grow your wealth.
How can we 10X Your Future?
Begin your journey to a secure future with 10X Investments. Explore our range of retirement products designed to help you grow your wealth and achieve financial success.