Personalised Comprehensive Insurance Products
Professional Insurance and Financial Services
This product normally offered to employees by the employer , which Abdale set up for the employer.
It normally includes group life, disability, income on disability before retirement date and pension fund values @ retirement.
On retirement, the member receives 1/3 lumpsum , possible tax-free to the maximum of R500,000-00 @ present, balance to purchase a monthly income.
Contribution are tax deductible up to 27.5% of remuneration.
This product is tailored for individuals to accumulate retirement fund.
No employer ,employee relationship required.
On retirement,1/3 lumpsum, possible taxable above R500,000-00,2/3 purchase monthly annuity
Built in disability.
Premium tax deductible up to 27,5%pa of remuneration.
On death ,beneficiaries receives the proceeds.
This product is also normally provider by the employer, set up by Abdale.
It normally includes group life, disability, income on disability before retirement date and retirement value.
On retirement the member has an option to take the full fund value after tax or take 1/3 lumpsum with maximum of R500,000-00 tax-free and purchase a monthly annuity with the 2/3 balance.
Contribution are now tax deductible up to 27.5% of remuneration.
Prior to 2017,these contributions were not tax deductible for members, only employer.
This product allows natural persons to invest in a tax-free investment.
Any growth in this product is tax-free.
Maximum investment is R33,000-00pa or R2750-00pm per tax year.
Total maximum is R500,000-00per natural person in a life time