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A lump sum payment (as the word describes) refers to a one-off payment of money.
As an RSA holder upon attaining retirement age or age 50 (whichever is later), you can request for the balance.
An annuity is defined as a series of fixed payments paid at regular intervals over the specified period of the annuity.
A Retirement Savings Account holder with Voluntary Contributions (VC) may also choose to make lump sum withdrawals at any time.
An RSA holder below the age of 50 years may with the approval of the Commission withdraw an amount of money not exceeding 25% of the current balance
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