New purchases of annuities
Clients must have sufficient available cash in their account at the time of purchasing a new annuity request on 7 May 2025. If your clients do not have sufficient cash levels on 7 May 2025, their new annuity request may not be honoured and will need to wait until the next Challenger Annuity Offer to place their instruction.
Reinvesting in annuities
When reinvesting, clients must have sufficient available cash or redeemable investments available in their account at the time of processing a new annuity request on 7 May 2025. If your clients do not have sufficient available cash or redeemable investments on 7 May 2025, their new annuity request may not be honoured and will need to wait until the next Challenger Annuity Offer to place their instruction.
1 Effective 31 March 2025. This interest rate is subject to change.
2 The premium is fixed and is not subject to change.
3 This interest rate is subject to change and is dependent upon fluctuations in the base rate. Consequently, the effective rate may differ from the indicative rate. Your final interest rate will be confirmed online before the commencement date of the annuities.
* Semi-annual payment rounded to two decimal places.