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.
• 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).

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.