• Preserve your retirement savings when changing jobs or leaving a pension or provident fund, while keeping your retirement capital invested for the future.
• Maintain the flexibility to make one full or partial withdrawal before retirement, subject to prevailing legislation.
• Delay taxation on your retirement savings until retirement, when your income tax rate may be lower.
• Benefit from tax-free growth within the retirement fund structure, allowing your investment returns to compound over time.
• Access a comprehensive range of Shari’ah-compliant, rand-denominated unit trust funds to align your investment strategy with your financial goals, time horizon and risk profile.
• Switch between available investment funds when required, without triggering capital gains tax within the preservation fund structure.

• Upfront fee: Up to a maximum of 3.45% (incl. VAT) once-off.
• Annual advisor fee: Up to a maximum of 1.15% per annum (incl. VAT).
• Minimum investment: R10,000 lump sum.
• Debit orders are not permitted on Preservation Funds.
• Beneficiaries may be nominated on the investment.
• Investors become members of either the Old Mutual Wealth Preservation Pension Fund or the Old Mutual Wealth Preservation Provident Fund, depending on the source of the transferred retirement benefit.

At Retirement

• You may elect to use your retirement benefit to purchase a compulsory annuity.
• The full vested portion may be taken in cash, subject to prevailing legislation and the applicable fund rules.
• You may elect to take a combination of a cash lump sum (after tax) and a compulsory annuity.
• Any amount remaining in the Savings Component may be taken in cash or transferred to the Retirement Component, subject to prevailing legislation.
• Where your retirement benefit falls below the legislated threshold, you may be permitted to take the full benefit as a cash lump sum, subject to prevailing legislation.

The following documentation is required to apply:

Adults

• South African bar-coded Identity Document/Smart ID
• Proof of address not older than 3 months, for the verification of your residential address

Minor

• Birth Certificate of minor or Smart ID for young adults age 16 and over
• South African bar-coded Identity Document/Smart ID and proof of address not older than 3 months of parent or guardian, for the verification of their residential address.

To view your statement or invest with Old Mutual 24/7, clicking here.

Click here to view all acceptable forms of proof of address required to open an account.

With these on hand, you can then contact your nearest branch to apply, or complete the Contact Form on this page for our Sales Consultant to call you