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Tax-efficient solutions to maximise long-term growth
Saving for retirement is a crucial element of your overall financial plan. Our tax-efficient solutions can help you make the most of your savings over the long term.
Investec Investment Linked Retirement Annuity
- This solution is ideal for people who:
- Work for themselves
- Do not belong to an employer’s retirement fund
- Wish to supplement their current retirement savings
- It can also be used to grow additional retirement savings if you receive additional income, such as a bonus or receiving rent from a property you own
Here’s how it works:
What you do
- Select one or more funds from Investec range of funds (Investec Fund Managers) - View our Core Fund range
- Make a once-off and / or monthly investment in the fund
What happens with your money
- The fund managers, in this case Investec, invest your money in a portfolio of assets such as equities, bonds, cash and listed property, based on your fund selection.
- We then manage the investment on your behalf according to the fund’s objectives, for example, beating inflation over a certain time period, this determines the return on your investment.
Access to your money
Before retirement
No access, unless allowed in terms of ITA
At retirement (from age 55)
- A maximum of one third of the investment amount can be taken as a lump sum
- The rest of the money – or the full value if no lump sum is taken – must be invested in a compulsory annuity
Tax benefits
- Annuity limited to 27.5% of the greater of remuneration or taxable income. This is limited to a maximum of R350 000 per annum. – 15% of non-retirement funding taxable income, or
- No income, capital gains or dividend withholding tax before retirement within the fund (you only pay tax if you take a lump sum at retirement)
– R3 500 less allowable pension fund contributions, or
– R1 750
Investec Investment Linked Preservation Funds
(Preservation Pension Plan and Preservation Provident Fund)- To ensure you stay on track with meeting your retirement goals, it’s essential that you preserve and grow your accumulated savings when you leave your pension or provident fund if you change jobs or are retrenched
- No tax on your investment growth
Here’s how it works:
What you do
- Select one or more funds from Investec range of funds (Investec Fund Managers) - View our Core Fund range
- Make a once-off and / or monthly investment in the fund
What happens with your money
- The fund managers, in this case Investec, invest your money in a portfolio of assets such as equities, bonds, cash and listed property, based on your fund selection.
- We then manage the investment on your behalf according to the fund’s objectives, for example, beating inflation over a certain time period, this determines the return on your investment.
Access to your money
Before retirement
One withdrawal up to the full value (excl. transfers from GEPF)
At retirement (from age 55)
- Pension Plan: Maximum of one third of the investment amount can be paid out as a lump sum
- Provident Fund: The full value can be paid out
- The rest of the money – or the full value if no lump sum is taken – must be invested in a compulsory annuity
Tax benefits
- No income, capital gains or dividend tax within the fund before retirement
- You only pay tax if you take a lump sum before and at retirement
Unit trust
What is a unit trust?
A unit trust enables investors to get access to professionally managed investments by buying a portion of a fund, also known as units.
Here’s how it works:
What you do
- Select one or more funds from the Investec range of funds (Investec Fund Managers) - View our Core Fund range
- Make a once-off and / or monthly investment in the fund
- The minimum amount will depend on the fund
What you get
- Each unit has a price, so how many units you get will depend on how much you invest
What happens with your money
- The fund managers, in this case Investec, invest your money in a portfolio of assets such as equities, bonds, cash and listed property, based on your fund selection.
- We then manage the investment on your behalf according to the fund’s objectives, for example, beating inflation over a certain time period, this determines the return on your investment.
The benefits of investing in a unit trust
- Cost-effective access to professional fund management and the markets
- Access your money within three business days, depending on your bank
- Flexibility around how long you stay invested for
- You can buy or sell whenever you like
- Well-regulated, which protects investors
- Transparent pricing and performance – unit trust prices are published daily
Investment amount
- Min: R500
- Max: No limit
Investment term
- No limits
Tax implications
Income tax
- Levied at your marginal rate
- For investors 65 and under – no tax on the first
R23 800 interest per year - For investors over 65 – no tax on the first R34 500 interest per year
Capital gains tax
- Individuals – 40% of any gain is taxed at the investor’s marginal rate
- Trusts – 80% of any gain is taxed at 45%
- Companies – 80% of any gain is taxed at 28%
- All tax is levied in the hands of the investor
- First R40 000 gain p.a. is tax exempt for individuals
You can invest in a solution in one of three ways
Invest through a financial advisor
Getting expert advice about your investment choices can give you financial peace of mind. We have a list of financial advisors from across the country who have the appropriate qualifications and licences to help you make informed investment choices.
Complete and submit your application
Download the pdf application form and complete all the relevant sections.
Email your completed form to imsinstructions@investecadmin.com
Are you an existing investor?
If you are already invested with us then the simplest way to invest is via your online account.
Simply login below to ensure all your investments are managed together.
You can invest in a solution in one of two ways
Invest through a financial advisor
Getting expert advice about your investment choices can give you financial peace of mind. We have a list of financial advisors from across the country who have the appropriate qualifications and licences to help you make informed investment choices.
Are you an existing investor?
If you are already invested with us then the simplest way to invest is via your online account.
Simply login below to ensure all your investments are managed together.
You can invest in a solution in one of three ways
Invest through a financial advisor
Getting expert advice about your investment choices can give you financial peace of mind. We have a list of financial advisors from across the country who have the appropriate qualifications and licences to help you make informed investment choices.
Start a new online investment
If you are sure this is the appropriate solution for you, you can invest directly online using our convenient online form.
If you don’t yet know which funds you want to choose as your underlying investments, view our core funds (Investec Fund Managers).
Are you an existing investor?
If you are already invested with us then the simplest way to invest is via your online account.
Simply login below to ensure all your investments are managed together.
Terms and conditions
By clicking on ‘Accept’, you confirm that you understand and agree with the following statements:
Advice and investment choices:
- By law, Investec Investment Management Services (IMS) is not authorised to provide advice.
- I have chosen to invest directly with IMS instead of using the services of an independent financial advisor.
- I chose the investment solution and fund(s) I am about to invest in entirely at my own discretion.
- IMS does not provide any guarantees on my investment and therefore cannot be held liable for any losses on the performance of my investment.
- IMS will charge me an annual fee of 0.456% for administering my investment.
- The price at which units are valued by IMS will be tomorrow’s price.
- By investing in the Investec Diversified Income Fund via the IMS platform, I acknowledge that I will pay an additional 0.05%.
Use of my personal information:
- I give IMS permission to use the personal information I provide to process my application as necessary.
- My personal information will not be passed on to any 3rd party, except where necessary to complete the application process.
- My personal information will be kept secure and confidential and any data I enter is done over an encrypted and secure channel.
- My personal information will never be used for marketing or advertising purposes.
My responsibilities:
- I am responsible for providing the supporting documents that are necessary to complete the application.
- I have read and understood the information provided about the solution and fund(s) I have selected.