Preserve your retirement savings in a tax-efficient way when you change jobs. Our Preservation Funds grow 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 Preservation Fund? 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:

Transfers In:
Income:
Capital:
  • Transfers from your Pension or Provident fund are tax free.
  • The tax deductions previously granted on contributions are preserved.
  • No Dividend Withholdings Tax.
  • No Income Tax.
No Capital Gains Tax (CGT).

Flexibility:

Rebalance your portfolio at any time, no CGT incurred.


Withdrawals:

Pre-retirement:
At Retirement (age 55 years and older):
One withdrawal permitted (up to 100%), subject to tax.
  • Pension: 1/3 of your investment value can be drawn as a lump sum, subject to tax.
  • Provident: total fund value can be drawn as a lump sum, subject to 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
R50,000
Minimum Additional Investment
N/A
Minimum Debit Order
N/A
Distribution Declared
Monthly or Quarterly
Date Payable
No income paid. Distribution reinvested
Quarter End Statements
February, May, August and November
Annual Tax Statements
Benefit Statement
Licensed Financial Services Provider | Terms and Conditions | Copyright Notice | Complaints Policy | Conflict of Interest Policy | Contact
Old Mutual Logo