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Factsheets
Investment Tool

Income Solution   

Invest your retirement cash lump sum or other discretionary savings, into a combined, single investment when you need a monthly income, with access to your capital when you need it.

Investment Choice:

Choose one, or a combination, of our underlying funds to find a solution that suits your individual income and capital requirements.

Income

  • Providing you with a consistent and reliable income from your retirement savings.
  • Match your income drawn to the income produced by your investment.
  • Meet your current income needs while planning for your future income needs.
  • Long-term income planning for the duration of retirement with a high degree of certainty.
  • Income drawn may be revised at any time.

Capital:

  • Capital may be grown, preserved or drawn down depending on your needs.
  • Ensure your capital is not eroded: match income drawn to income earned.
  • Capital is accumulated through the reinvestment of excess income.

Tax:

  • Income: Dividend Withholdings Tax is deducted by Marriott from dividends earned and paid to SARS directly. Personal Income tax is applicable to the income earned from your investment.
  • Capital: Capital Gains Tax (CGT) on rebalances, switches and withdrawals (including withdrawals for income payments).

Flexibility:

  • Rebalance your portfolio at any time. CGT incurred for switches.
  • Income may be revised at any time.

Withdrawals:

Withdrawals may be made from your capital investment at anytime but are a CGT event.

Death:

The investment forms part of your estate (no beneficiary nominations).

Fees Technical Information
Marriott Initial Fee
 0%

Advisor Initial Fee
(paid from consideration received)

 Max 3%
Marriott Annual Management Fee

(Includes Intermediary Administration Fee)
  Class A Class C
High Income Fund 1.00% 0.75%
Balanced Fund 1.75% 1.25%
Worldwide Fund 1.75% 1.25%
Essential Income Fund – 0.75%
Money Market Fund: 0.25% –

Advisor Annual Fee
(paid from distributions earned and where necessary through a repurchase of units)
  0.75% 1.00%

Intermediary Admin Fee
(paid from Marriott Annual Management Fee to Advisor)
  0.25% 0%
  No Intermediary Admin Fee for the Money Market Fund

Please note that fees are quoted excluding VAT.

  Minimums
Lump Sum
 R50 000
Additional Investment
 R20 000
Debit Order
 —
 
  Income Details
Payment Frequency
 Monthly
Payment Date Options
25th or 28th of the month: Processed as a repurchase of units. Distribution earned at the end of the month is reinvested.
3rd working day of the month: Income is paid from income earned. Any shortfall is funded by a repurchase of units. Any excess income is reinvested.
Money Market Account
 The Money Market account can be used in conjunction with the other Fund Choices to facilitate the payment of monthly income if you want unit stability in your income-producing assets, and for Income Solution clients who want to avoid incurring CGT.
 
  Client Statements
Quarterly Statements
 Dated as at the end of Feb, May, Aug, Nov
Annual Tax Statements
 IT3b and IT3c