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- About
- Guidance
- Options
- Benefits
- Charges
- Get in touch
ABOUT
Introduction to employee retirement
Your employees can grow their savings by investing a lump sum or a portion of their salary each month into a personalised retirement portfolio that suits their needs and risk tolerance. With guidance from their financial advisor, they can access a wide range of investment options, and structure their investments in a tax-efficient way to support their long-term financial goals.
- Minimum contribution
The investment minimums are determined by the trustees of the relevant retirement fund.
- How long to invest for
There is no minimum investment term, but investors must retire from the fund at normal retirement age of 55.
GUIDANCE
How it works
Options
Solutions flexibility
- Tabs
Investors have total freedom to change their underlying investments. There is no charge to make a change, but depending on where to the investor moves their money, initial investment charges may apply.
Access to the widest choice of investments
The underlying investments from which a member can choose, are determined by the relevant retirement fund, but Glacier has the widest range of underlying investment funds available, as well as the option to invest in individual shares, exchange traded funds (ETFs) and other instruments via our stockbroking service.
Benefits
What the Glacier Retirement Fund Solution offers
Choice. Glacier has a wide range of underlying investment funds available, as well as the option to invest in individual shares and exchange traded funds (ETFs).
Flexibility. Members can switch and rebalance their portfolio at no additional cost and to suit their needs and their risk profile at any point in time.
Freedom and control. Members can tailor their pension or provident fund to match their risk appetite and personal financial circumstances, more accurately. For example, they may wish to fully utilise their offshore exposure in developed or emerging markets. The default options on their employer’s retirement fund may have offshore exposure but may not be fully utilising the offshore limit and will also be guided by mandated exposure. The Glacier option gives them this freedom to maximise their desired asset class exposure, within Regulation 28 of the Pension Funds Act guidelines. Furthermore, as they approach retirement, they can control the asset allocation in line with their first few years of retirement, by taking risk off the portfolio and apportioning it appropriately.
Seamless transfer. If a fund member leaves their job, their benefits can be transferred without exiting the markets. When they leave their employer’s retirement fund, their benefits can be transferred to a preservation fund, or if they’re retiring, they can invest in a retirement income plan on Glacier’s platform.
Transparency. The fees are charged for the administration and management of the investment and are set out in the application form, and the contract.
Access to our technology platforms. The client and their intermediary will have access to our technology platforms that offer statements, transaction capability and real-time pricing, placing more control in their hands.
Charges
Tax and fees
Fees vary per product and the underlying investment. Your employees should speak to their financial intermediary to make sure they understand which fees they pay and why.
Tax benefits
At retirement there is no tax on the amount that is transferred to an approved product that provides an income during retirement.
There is no tax on any interest or dividends.
What is taxable
There is tax on any portion of the retirement savings that the investor withdraws in cash when they retire.
There is tax on any withdrawal benefit.