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Average living annuity drawdown rate falls in 2022
Asisa says it is encouraging that the 2.5% to 5% drawdown rate made up the biggest income band by number of policies.
Taxpayers should inform SARS if they have been unemployed for a full year or longer, to avoid being flagged as non-compliant.
Read moreAsisa says it is encouraging that the 2.5% to 5% drawdown rate made up the biggest income band by number of policies.
These include delays with funeral policy claims, advice to clients who buy living annuities, and insurance policy disclosures.