Once we receive your first MyTontine deposit, the TontineTrust platform will assign you to an anonymous pool of same-sex members who most closely match your age.
When your tontine pool reaches 10,000 members, it is closed to new entrants.
You then set your retirement start date in the app, and we will start notifying you as soon as your monthly payments commence.
Use the Tontinator section of the MyTontine app to plan your dream retirement and confirm which retirement solution best suits your needs.
All you need to do is give the age at which you would like your benefits to start.
Create an account in the MyTontine app to see how easy it is to Tontinise your pension.
Because we register your face as your password, you will never be able to lose it, and it will be impossible for anyone else to access your income.
It also means we get to see your smile when you login to approve your payment each month!
Once your first deposit is received, you are joined to an anonymous pool of members, typically of the same age and gender as you. Once each tontine pool reaches 10,000 members, it is closed to new entrants.
Even if the pool closes before you reach retirement age, you can still continue to top-up your tontine pension as often as you wish.
Keep in mind, though, that you can only keep topping up until the point at which you reach retirement, and your pension payouts start.
The golden rule of a tontine is that when members pass away, they no longer need the income.
As a result, the remaining payouts are divided amongst the surviving fellow pool members in proportion to each member's past contributions.
As the number of members in the pool starts to fall, more capital and tontine credits are returned to shareholders.
This typically causes the payouts to rise faster than inflation and significantly faster in later years.
