Investment income earned within the plan, as well as capital gains are tax free; you can adjust your portfolio when your needs and risk appetite change and it is easy to access your money if you need to.
No fixed period but a minimum of three years is recommended to limit the negative impact of short-term market fluctuations.
Your investment choices
Access to the widest choice of investments:
A range of risk-profiled investment funds
Actively managed or passive index-tracking funds
Single manager or multi-manager funds
Investment funds that charge performance fees are excluded. Investment in individual shares, exchange traded funds (EFTs) and other stockbroking instruments will also not be allowed.
Benefits
You can customise your investment portfolio according to your needs, circumstances and how much risk you are willing to take
Investment income earned through interest, dividends or capital gains is tax-free
You can easily access your money – see ‘Access to your money’ below
You can subscribe to a contribution report to help you monitor your contribution limits
How it works
You can contribute up to R36 000 per tax year, either as a lump sum or in monthly instalments of R3 000
We invest the money in the underlying investments that you choose in collaboration with your financial planner
Your money can grow tax-free over time based on your underlying investments and can benefit from the effect of earned on any growth
You can invest a maximum amount of R36 000 per tax year, and R500 000 per lifetime
Access to your money
You can make tax-free withdrawals at any time
When you die, the investment will form part of your estate
Tax
You will pay no income tax on income distributions
You will pay no capital gains tax when you dispose of assetsThe value of some assets such as vehicles, will decrease as they are used and eventually wear out over time. or sell or switch units within an investment
Fees
Fees vary per product and your underlying investment. Please speak to your financial planner to make sure you pay the correct fees and that you understand which fees you pay and why.
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Glacier Insights provides investment professionals and financial intermediaries with information on the markets in general, Glacier products, and the services we offer. This website is not primarily for private individuals, but we are pretty sure that everyone interested in investing would find the content useful. If you are a private individual, please seek financial advice from a registered financial intermediary before you invest. A trained financial intermediary will help you determine which of our products are most appropriate for your needs. Glacier Insights is not designed to replace the job and expertise of a professional financial intermediary.
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