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RETIREMENT ANNUITY
A retirement annuity is a tax-free investment that helps you save towards your retirement. You receive tax deductions on your contributions, to a maximum of 27.5% of your gross income. Contributions towards retirement annuities can be done as a monthly premium or lump sum or both. Access to the money on this product is only available after age 55. At retirement you have the option to take one third as a lump sum and two thirds must be used to purchase a living annuity (to provide a monthly income).
ENDOWMENTS
This is an investment vehicle that allows you to contribute monthly or a lump sum or both. After 5 years the proceeds of an endowment can be taken as a tax-free withdrawal.
TAX FREE SAVINGS
For you as an investor, the biggest advantage of this product is that it is exempted from tax. A tax free investment gives you flexibility, as you don't have to commit to future contributions or a fixed term. You can contribute monthly or a lump sum or both. You are allowed to invest up to R33 000 in one tax year and R500 000 in total over your lifetime.
UNIT TRUST
A unit trust investment is a flexible investment vehicle that allows you to invest your money in a variety of different funds. There are currently over 1500 different funds that you can choose from, ranging from aggressive funds like equity funds to very conservative funds like money market funds. Globalwise Financial Services will help you choose the best suited fund for your risk profile. A risk profile is an evaluation of your willingness to take risks and your reaction during market fluctuations. Unit trusts are easy to buy and sell, funds are therefore easily accessible.
SHARE PORTFOLIO
Globalwise Financial Services has partnered with Sanlam Private Wealth, due to their ability to set up tailor-made wealth and portfolio management solutions and in so doing deliver what’s most important to our discerning clients, namely growth and wealth preservation.
When an offshore share portfolio is used, investors don’t create an offshore estate, which means you don’t need an offshore will nor do you need to appoint an international representative to help wind up your offshore estate (which in most instances is both costly and time consuming). The wrapper estate is not subject to foreign inheritance tax which can be as high as 40%.
Sanlam Private Wealth is a member of both the JSE Securities Exchange and Safex and have operations in the SA, UK, Australia, Cayman Islands, Mauritius and Switzerland.
LIVING ANNUITIES
A living annuity is a product where you invest your compulsory component of your pension fund, provident fund and/or retirement annuity into, that will pay you a monthly income of between 2, 5% and 17, 5%.This percentage of income can be changed annually on investment anniversary.
SHARE PORTFOLIO
Globalwise Financial Services has partnered with Sanlam Private Wealth, due to their ability to set up tailor-made wealth and portfolio management solutions and in so doing deliver what’s most important to our discerning clients, namely growth and wealth preservation.
When an offshore share portfolio is used, investors don’t create an offshore estate, which means you don’t need an offshore will nor do you need to appoint an international representative to help wind up your offshore estate (which in most instances is both costly and time consuming). The wrapper estate is not subject to foreign inheritance tax which can be as high as 40%.
Sanlam Private Wealth is a member of both the JSE Securities Exchange and Safex and have operations in the SA, UK, Australia, Cayman Islands, Mauritius and Switzerland.
© 2026 GLOBALWISE | Website Development by Digital Platforms