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.

Investment Choice:

Choose between the Marriott Balanced Fund as the default managed portfolio (Reg 28), or a select 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: Transfers from your Pension or Provident fund are tax free.
  • The tax deductions previously granted on contributions are preserved.
  • Income: No Income Tax.
  • Dividend Withholdings Tax is not applicable.
  • Capital: No Capital Gains Tax (CGT).

Flexibility:

Rebalance your portfolio at any time, no CGT incurred.

Withdrawals:

  • Pre-retirement: On emigration – full withdrawal permitted, subject to tax.
  • Pre-retirement: One withdrawal permitted (up to 100%), subject to tax.
  • At Retirement (age 55 years and older): Pension – 1/3 of your investment value can be drawn as a lump sum, subject to tax.
  • At Retirement (age 55 years and older): 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.

Fees Technical Information
Marriott Initial Fee
0%

Advisor Initial Fee
(paid from consideration received)

Max 3%
Marriott Annual Management Fee
Fund Choice:
Personalised fee determined by portfolio choice
Managed Portfolio:
Balanced Fund Class A: 1.75%
Balanced Fund Class C: 1.25%

Advisor Annual Fee
(paid from distributions earned)

Fund Choice:
Max 0.75%
Managed Portfolio:
Balanced Fund Class A: Max 0.75%
Balanced Fund Class C: Max 1.00%

Intermediary Admin Fee
(paid from Marriott Annual Management Fee to Advisor)

Fund Choice:
0.25%
Managed Portfolio:
Balanced Fund Class A: 0.25%
Balanced Fund Class C: 0%

Please note that fees are quoted excluding VAT.

  Minimums
Lump Sum
R50 000
Additional Investment
Debit Order
 
  Income Details
Distribution
All distributions earned are reinvested
 
  Client Statements
Quarterly Statements
Dated as at the end of Feb, May, Aug, Nov
Annual Reporting
Benefit Statement