• Build long-term retirement wealth through a disciplined, Shari'ah-compliant investment designed around your retirement goals, investment period and risk profile.
• Enjoy a valuable tax advantage by deducting qualifying retirement fund contributions of up to 27.5% of the greater of your remuneration or taxable income, subject to a maximum deduction of R430,000 per tax year and prevailing legislation. The limit applies to your combined pension, provident fund and retirement annuity contributions.
• By reducing your taxable income, your qualifying contributions could lower the amount of income tax you pay while helping you invest more towards your retirement.
• Grow your retirement savings free from income tax, dividends tax and capital gains tax while the money remains invested within the retirement fund.
• Start investing with a minimum lump sum of R10,000 or a R500 monthly debit order, with the flexibility to make additional once-off contributions whenever you choose.
• Choose from a comprehensive range of Shari'ah-compliant, rand-denominated unit trust funds to build a diversified retirement portfolio aligned to your needs.
• Benefit from the power of long-term compounding, with your contributions and investment returns working together to build your retirement capital over time.
• Your retirement savings accumulated before 1 September 2024 remain in the Vested Component and retain the rights applicable to those savings under prevailing legislation.
• Your retirement savings are generally protected from creditors in the event of insolvency, subject to the fund rules and prevailing legislation.

• Minimum investment: R10,000 lump sum or R500 monthly debit order.
• Additional contributions: Additional once-off investments may be made, giving you the flexibility to increase your retirement savings when you have surplus funds available.
• Initial financial advisor fee: Up to a maximum of 3.45% including VAT, charged once-off.
• Ongoing financial advisor fee: Up to a maximum of 1.15% per annum including VAT.
• Contributions exceeding the allowable annual tax deduction may be carried forward for possible deduction in future tax years, subject to prevailing tax legislation.
• Under the Two-Pot Retirement System, one-third of new contributions is allocated to the Savings Component and two-thirds to the Retirement Component. The Savings Component provides limited access for financial emergencies, while the Retirement Component remains invested for retirement.
• One withdrawal from the Savings Component may be made in each tax year, subject to the prescribed minimum withdrawal amount, applicable tax, charges, fund rules and prevailing legislation.
• Savings Component withdrawals are taxable at your marginal income tax rate and will reduce the amount available for your retirement.
• The Retirement Component cannot ordinarily be accessed before retirement and must generally be used to provide a retirement income, subject to prevailing legislation.
• Retirement savings accumulated up to 31 August 2024 are held in the Vested Component, with the applicable rights retained in accordance with prevailing legislation.

At Retirement

• You may use your full retirement benefit to purchase a compulsory annuity that provides you with an income during retirement.
• Any balance remaining in the Savings Component may be taken as a cash lump sum or transferred to the Retirement Component, subject to prevailing legislation.
• The portion of the Vested Component that is available in cash may be taken as a lump sum, subject to the rights attached to that component, the fund rules and prevailing legislation.
• You may select an appropriate combination of a taxable cash lump sum and a compulsory annuity, subject to the retirement rules applicable to each component.
• If the portion of your retirement benefit that would ordinarily be required to purchase an annuity falls below the legislated minimum, you may be permitted to take the full qualifying benefit as a cash lump sum.

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