Save for retirement in a tax-efficient way. Our Retirement Annuity grows your retirement capital giving you a more predictable outcome so that you can draw a reliable monthly income when you retire.

Why invest in the Marriott Retirement Annuity? We can tell you TODAY with a reasonable degree of certainty:

  • That a market decline before retirement will not affect your pension/annuity if you transfer into our Living Annuity (Perpetual Annuity).
  • The amount of your monthly pension/annuity produced by your investment at a projected retirement age.
  • The likely value of your capital at a projected retirement age, and
  • That this value is not critical to your pension/annuity if you transfer into Marriott’s Living Annuity

Investment Choice:

Choose between the Marriott Balanced Fund as the default managed portfolio (Reg 28), or a limited range of Marriott Unit Trusts (use our online tool to create your own Reg 28 portfolio).


Income

Automatically reinvested to accumulate capital.


Capital:

Capital is accumulated through the tax-free reinvestment of income, and from growth in this income.


Tax:

Contributions:
Income:
Capital:
Tax deductible up to 27.5% of the higher of your remuneration or taxable income, to a maximum of R350,000 (This is on total contributions to all retirement funds. If you contribute more you can carry them over to the next tax year).
  • No Dividend Withholdings Tax.
  • No Income Tax.
No Capital Gains Tax (CGT).

Flexibility:

  • Rebalance your portfolio at any time, no CGT incurred.
  • Start, increase or cancel your debit order at any time.
  • Top up your investment with additional lump sums at any time.

Withdrawals:

Pre-retirement:
At Retirement (age 55 years and older):
  • On emigration — full withdrawal permitted, subject to tax.
  • If investment amount is below R7,000 — subject to tax.
  • No Dividend Withholdings Tax.
  • No Income Tax.

Death:

You may nominate dependants and beneficiaries. Beneficiaries can elect to receive a lump sum (subject to tax legislation) or to transfer the investment to an annuity.


Technical Information

Initial Solution Fee
0%
Annual Solution Fee
Fund Choice Unit Trusts:
Personalised fee determined by portfolio choice
Managed Portfolio:
1.75% for investments into the Balanced Fund Class A
1.25% for investments into the Balanced Fund Class C
Initial Advisor Fee
Maximum 3.0%
Annual Advisor Fee
Maximum 0.75% for investments into the Balanced Fund Class A and in Fund Choice.
Maximum 1% for investments into the Balanced Fund Class C. (Paid from distributions)
Intermediary Admin Fee
0.25% for investments into the Balanced Fund Class A and in Fund Choice. (Paid from Marriott Annual Management Fee)

0% for investments into the Balanced Fund Class C.
Minimum Lump Sum
R10,000
Minimum Additional Investment
R5,000
Minimum Debit Order
R300
Distribution Declared
Monthly or Quarterly
Date Payable
No income paid. Distribution reinvested
Quarter End Statements
February, May, August and November
Annual Tax Statements
Contribution Certificate
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