Cash payout of a living annuity

My 78-year-old grandfather had a retirement annuity (RA) that was converted into a living annuity two years ago, when its value was R150 000. One-third of the value was paid to him in cash. The remaining value is now R77 000. Can the living annuity be terminated and the full value paid out?

Sarah Mhlanga found a decent two-bedroom flat, she could rent out a room to friend to pay part of the mortgage bond.

But someone else has advised that she should rent for a few years and pump whatever she can into unit trusts or another investment that could produce a higher return than property.

Although the logic might, in part, be sound, I have always thought it best to get a foot in the property market. Richard King