R25 000 one-off payment
R5 000 ad hoc payments

Minimum retirement age of 55 years.

You have the freedom to switch between investment funds as your needs change. You can make four switches free of charge per plan year.

You can choose from a wide range of leading investment funds carefully selected by Sanlam.

With the Lifetime Investment Option, your savings are managed by leading asset managers at very low cost, offering you peace of mind for the duration of the investment.

• You receive an amount, called the Wealth Bonus, when you retire or terminate the policy. The longer you invest, the bigger the Wealth Bonus
• You can choose investment funds with guarantees that increase as your investment grows

• You choose your retirement age (minimum age 55 years)
• The one-off payment is transferred from your existing pension- or provident fund
• We invest the money in the underlying investments that you choose with the help of your Sanlam financial adviser or accredited broker
• Your money can grow over time based on your underlying investments. The longer you remain invested, the higher the Wealth Bonus will be

When you retire you will receive your retirement saving plus the Wealth Bonus. You can take up to one third of your savings plus the Wealth Bonus in cash. The balance must then be reinvested in an annuity to give you a monthly income. If the value of your retirement savings is less than R247 500, you will be able to take the full amount in cash.

If you saved in a provident fund or preservation provident fund, you may be able to take more than one third of your savings in cash.  The treatment of your retirement benefits is based on whether the benefits have vested rights attached to them or not. Read here for more information in that regard.

Your savings plus the Wealth Bonus will be available to the people you have chosen to receive your benefits at death. No executor’s fees apply.

The Wealth Bonus is also applicable if you retire early.

• Before retirement:
  You can use the once-off withdrawal option to access your money before retirement. If you have made a withdrawal already, you have to wait until retirement to access your money
  
• At retirement:
  
• When you retire you will receive your retirement saving plus the Wealth Bonus. You can take up to one third of your savings plus the Wealth Bonus in cash. The balance must then be reinvested in an annuity to give you a monthly income.
• If you saved in a provident fund or preservation provident fund, you may be able to take more than one third of your savings in cash.  The treatment of your retirement benefits is based on whether the benefits have vested rights attached to them or not. Read here for more information in that regard
• If the value of your retirement savings is equal to or less than R247 500, you will be able to take the full amount in cash at retirement.
• If you choose to take some money out, you can consult your financial planner to continue exposing that money to the markets in an investment product that provides access to your money at any time.

• You don’t pay tax when you transfer funds from a provident or pension fund to a preservation fund
• You don’t pay tax on any interest, capital gains or dividends earned on the underlying investments
• You will pay tax if you take any portion of your preservation fund as cash when you retire

Fees vary per product and will be disclosed upfront on your quotation. Please speak to your Sanlam financial adviser or accredited broker to make sure that you understand which fees you pay and why.

It is important to bear in mind that any investment has some risk. We therefore recommend that you consult your Sanlam financial adviser or accredited broker who can help you find the most appropriate products for your needs and circumstances.