Divorce – Accrual – Living Annuities an Asset in The Estate
27 May 2020, Nico le Roux
In all future divorce proceedings, in the absence of an agreement between the parties, an expert will have to be... appointed to determine the value of a party’s right to receive future payments in respect of the living annuities. The SCA has not provided a guideline as to how the calculation should be done and this could lead to further litigation, as currently, an annuitant may elect to drawdown at any rate between 2.5 or 17.5 per cent per annum.