Preservation Fund

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.

Flexibility

Rebalance your portfolio at any time, no CGT incurred.

Withdrawals

Pre-Retirement:

  • On emigration – full withdrawal permitted, subject to tax.
  • One withdrawal permitted (up to 100%), subject to tax.

At Retirement:

  • Unvested Benefits: A maximum of 1/3 of the retirement benefit value can be taken as a cash lump sum (taxable). The remainder must be used to purchase an income in retirement (tax-free transfer), subject to the annuity threshold.
  • Vested Benefits: 100% of the retirement benefit value can be taken as a cash lump sum (taxable).

Tax

  • Transfers: Transfers from your Pension, Provident, Preservation or Retirement Annuity fund are tax free. The tax deductions previously granted on contributions are preserved.
  • Income: PAYE is deducted by Marriott from the annuity payments in accordance with prevailing income tax legislation.
  • Dividend Withholdings Tax is not applicable.
  • Capital: No Capital Gains Tax (CGT).

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.

  • Marriott Initial Fee

0%

  • Advisor Initial Fee

Max 3% (paid from consideration received)

  • 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.

Minimum

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

Local Investments

What do you want to do?

Minimum investment

Product

Grow your wealth but have access to it when you need it.

R500 lump sum and/or R300 debit order

Unit Trusts

Draw an income from your retirement savings.

R50,000

Living Annuity

Draw an income from your personal wealth savings.

R50,000

Income Solution

Save for retirement in a tax efficient way.

R10,000 lump sum and/or R300 debit order

Retirement Annuity

Transfer your retirement savings when changing employment.

R50,000

Preservation Fund

Offshore Investments

What do you want to do?

Minimum investment

Product

Invest in an offshore share portfolio.

£25,000

International Investment Portfolio (GBP)

Invest in a direct UK real estate Fund.

£10,000

First World Hybrid Real Estate plc (GBP)

Invest in currency accounts in £ or $.

£25,000 or $30,000

Smart International Income Portfolio

Invest in offshore unit trusts.

£1,000 or $1,000

Unit Trusts (USD and/or GBP)

Invest in global unit trusts.

R500 lump sum and/or R300 debit order

Unit Trust Feeder Funds (ZAR)

Preservation Fund

Where

Minimum investment

Product

I am transferring from a ...

R50,000

Pension Fund

I am transferring from a ...

R50,000

Provident Fund