Glacier Vantage Plan

About
Options
Guidance
Benefits
Insights
Charges
Our solutions
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About

Introduction

The Vantage Plan is a tax-efficient investment with a minimum term of five years, that can continue indefinitely until surrender.

Minimum contribution
R100,000 lump sum.
R20,000 per additional contribution.
During the first year, you can make unlimited ad hoc contributions, provided that each contribution is at least R20,000.
In the second year, you can make additional investments of up to 120% of the total amount you invested in the first year (for example, R1.2 million if your total investment in the previous year was R1 million).
After the second year your contributions may not be more than 120% of the highest contribution made in the previous two years.
How long to invest for
A minimum of five years (the first five years are known as a ‘restricted period’).
Freedom to change your choice
You have total freedom to change your underlying investments. There is no charge to make a change, but depending on where you move your money to, initial investment charges may apply.
Ownership and rights
You may transfer your rights to the policy to another individual or trust (if the beneficiaries are individuals) or as security for a loan.

Options

Your investment choices

Access to the widest choice of investments

A wide range of collective investment funds.
Wrap funds, managed by discretionary investment managers.
Listed shares.

Guidance

How it works

You make a lump sum contribution.

We invest the money in the underlying investments that you choose in collaboration with your financial planner.

Your money can grow over time based on your underlying investments.

No death benefit is payable when you die and the policy will continue until it is surrendered. If you have appointed a nominee for ownership, he or she will become the new policyholder. If there is no nominee for ownership, the policy becomes an asset in your estate.

Benefits

What investment in the Vantage Plan offers you

You can customise your investment portfolio according to your needs, circumstances and how much risk you are willing to take.
You could benefit from income and capital gains tax advantages.
You can lower your overall risk exposure by diversifying across asset classes.
As the tax does not accrue to the policy holder no tax administration is required.
The policy will continue in the name of a nominee for ownership after you die until it is surrendered, which means the savings continue to grow.

Insights

Access to your money

In the first five years of your investment (the restricted period), you can make one withdrawal and one zero-interest loan, both subject to a maximum of your contributions plus 5% compound interest per year.
After the first five years, there are no more restrictions on the number or amount of withdrawals.

Charges

Tax and fees

Fees vary per product and your underlying investment. Please speak to your financial intermediary to make sure you understand which fees you pay and why.

Tax benefits

The interest income declared within the policy is taxed at 30%. This means you save on tax if your marginal tax rate is higher than 30%.
CGT will be recovered at a rate of 12% on all realised gains. Our reporting shows the tax payable on unrealised gains. We carry across realised losses each calendar year and offset them against future gains.

Our solutions

Build a secure future for you and your family with our range of investment solutions.

Invest in the financial markets to grow your assets – whether it is to pay off debt, save for your children’s education, contribute to your retirement savings, or simply to ensure financial security.

Our Solutions

Get peace of mind with a tax-efficient investment that will pay out to your loved ones at the death of the last life insured.

Get extraordinary benefits with a five-year tax-efficient investment solution that offers a boost to the initial investment amount, rewards for staying invested and optional protection to limit losses in a declining market.

Invest your capital and grow your wealth in a personal investment portfolio, customised by you and your intermediary to suit your needs and tolerance for risk.

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