With the cost of living continually escalating, the ability to secure inflation-beating annual increases on retirement income is a recurring challenge, especially in a volatile, low-return investment environment.
Just announced its 2021 with-profit annuity increases that comfortably beat inflation, benefitting pensioners with a much-needed boost to their retirement income. The StatsSA average year-on-year inflation over the last 12 months is 3.4%, and Just’s with-profit annuity provides its pensioners with an increase of between 4% and 8% in 2021, depending on the product selection.