Marriott Investment Managers

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 annuity from your retirement savings (current legislation restricts you to drawing between 2.5% - 17.5% per annum).
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 annually upon anniversary.

Capital

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

Flexibility

Rebalance your portfolio at any time, no CGT incurred.
Income may only be revised at anniversary.

Withdrawals

No withdrawals may be made from your capital investment.

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 beneficiaries at inception and make changes at any time. Beneficiaries can elect to receive a lump sum (subject to tax legislation) or to transfer the investment to their own name, or another living annuity.

Fees General Information

Marriott Initial Fee

Advisor Initial Fee

Max 1.5% (paid from consideration received)

Marriott Annual Management Fee

(includes Administration Fee and Binder Function Fees, Asset Management Fee, Insurer Fee and 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%

Class B

Money Market Fund

0.5%

Advisor Annual Fee

(paid from distributions earned and where necessary through a repurchase of units)

Class A

0.75%

Class C

1.00%

Intermediary Admin Fee

(paid from Marriott Annual Management Fee to Advisor)

Class A

0.25%

Class C

No Intermediary Admin Fee for the Money Market Fund

Please note that fees are quoted excluding VAT.

Minimum

Lump Sum

R50 000

Additional Investment

R10 000

Debit Order

Quarterly Statements

Dated as at the end of Feb, May, Aug, Nov

Annual Tax Statements

IT3a or IRP5

Payment Frequency

Monthly

Payment Date Options

25th or 31st 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.

Perpetual Living Annuity

Investment Choice

Income

Capital

Flexibility

Withdrawals

Tax

Death

Class A

Class C

Class B

Class A

Class C

Class A

Class C

Minimum

Existing Marriott Investors

New to Marriott

Local Investments

Offshore Investments

Preservation Fund