Transfer your Retirement Annuity, Preservation, Pension and Provident Fund (at no cost and tax-free) to our Living Annuity when you need a monthly income at retirement (age 55).
Choose one, or a combination, of our underlying funds to find a solution that suits your individual income and capital requirements.
No withdrawals may be made from your capital investment.
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 | Technical Information |
Marriott Initial Fee |
0% | |||||||||||||||||||||
Advisor Initial Fee |
Max 1.5% | |||||||||||||||||||||
Marriott Annual Management Fee
(includes Administration Fee and Binder Function Fees, Asset Management Fee, Insurer Fee and Intermediary Administration Fee) |
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Advisor Annual Fee |
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Intermediary Admin Fee |
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Please note that fees are quoted excluding VAT.
Minimums | |
Lump Sum |
R50 000 |
Additional Investment |
R10 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 |
IT3a or IRP5 |