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.

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:

  • Contributions: 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).
  • 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.
  • Start, increase or cancel your debit order at any time.
  • Top up your investment with additional lump sums at any time.

Withdrawals:

  • Pre-retirement: On emigration – full withdrawal permitted, subject to tax.
  • Pre-retirement: If investment amount is below R7,000 – subject to tax.
  • At Retirement (age 55 years and older): 1/3 of your investment 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
R10 000
Additional Investment
R1 000
Debit Order
R300
 
  Income Details
Distribution
All distributions earned are reinvested
 
  Client Statements
Quarterly Statements
Dated as at the end of Feb, May, Aug, Nov
Annual Reporting
Contribution Certificate (for tax perposes)