Preservation Funds
The Investec Preservation Funds provide a tax-efficient way to preserve retirement savings in the event of individuals leaving their employer’s retirement fund, or any other retirement fund.
| Minimum investment | R50,000 lump sum. |
| Withdrawal benefit | Before retirement, a once-off withdrawal of any amount, subject to tax, is allowed. |
| Retirement benefit | From age 55, members may take up to one-third in cash from the preservation pension fund and the full amount in cash from the preservation provident fund, both subject to tax, with any balance available for the purchase of a suitable annuity. |
| Death benefit | A lump sum, an annuity or a combination of the two, may be elected, subject to the rules of the Fund and any applicable tax. |
Within the Preservation Funds members can choose between iSelect, FundSelect and FundChoice, depending on the level of investment choice they need.
