• These investments allow members to preserve their retirement savings after a job change or when they cease to be a member of a company pension or provident fund.
  
• Members may disinvest once before retirement, subject to tax and retirement legislation.
  
• Allows members to postpone the tax payable on their retirement savings until after retirement, when it is likely that the taxable income of the employee (taxed at the employee’s marginal tax rate) will be less.
  
• This also allows for compound returns to accumulate tax-free on the full amount until retirement.
  
• Offers access to a comprehensive range of rand-denominated unit trust funds, as well as specialist life and guaranteed funds that allow maximum freedom of choice concerning underlying investments and risk exposure (within the limits set by Regulation 28).

• Upfront fee - maximum 3.45% incl VAT (Once off fee)
  
• Annual Advisor Fee – maximum 1.15% incl. VAT
  
• R10 000 minimum lump sum and no debit order allowed on a preservation fund.
  
• Beneficiaries are allowed on a preservation fund.

At retirement:

• A compulsory annuity can be purchased with the full benefit amount (which includes all pots).
  
• The full amount available in the vested pot may be taken in cash, provided that it is allowed by the rules of the fund and prevailing legislation.
  
• The member may take a combination of a cash lump sum (after tax) and a compulsory annuity.
  
• If there is an amount left in the savings pot, the member may take it in cash or transfer it to the retirement pot.
  
• If the amount in the retirement pot calculated together with two-thirds of the amount in the vested pot is less than R165 000, the member may take the full amount as a cash lump sum.

Click here to download Shariah Certificate

Click here to download latest Fund Fact Sheet

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