Sanlam Income with Capital Preservation Plan

About
Guidance
Options
Benefits
Insights
Charges
Our solutions
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About

Introduction

Secure a lifelong income from a life annuity underwritten by Sanlam Life, that allows you to provide for your dependants after your death, and offers annual income growth options.

Minimum contribution
R20,000 lump sum.
How long to invest for
For the rest of your life.

Guidance

How it works

You purchase two life annuities with a minimum lump sum of R20,000.

One of the life annuities will provide you with a monthly income for the rest of your life.

The second life annuity will pay for the premiums of your life cover policy, which will provide an amount selected by you to your loved ones or your deceased estate on your death.

Options

Solution flexibility

Options

A second life insured can be selected to ensure that the income continues to be paid for the lifetime of a second life. The income will be payable until the death of the last life insured.

If a second life insured was added, there is also the option of reducing the income payment by a selected percentage on the first death.

To provide for your dependants after you pass away, you can choose any amount of life cover, from a minimum of R20 000 to a maximum of the value of your initial investment amount.

Benefits

What the Sanlam Income with Capital Preservation plan offers you

Certainty that you will receive a regular income for the rest of your life.
If you have dependents and want to make sure they are provided for should you pass away, you can choose a second life insured, to whom the income will continue to be paid for the rest of their life. Upon the death of the life insured, a lump sum will be paid to your beneficiaries from the life cover policy. The amount of life cover is chosen by you, before inception of the policy.
The ability to protect the purchasing power of your income, as you have the opportunity to let your income increase by a chosen percentage every year.

Insights

Factors that impact your income

The amount of income you receive depends on the following factors at the start date of the life annuity:

Prevailing interest rates when the capital amount is received.
Your age and gender, and that of the second life insured, where applicable.
The percentage annual income growth you have chosen.
The amount of life cover you have chosen.

Charges

Tax and fees

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

Tax details

The income payable to you is taxable at your personal tax rate.
We will deduct income tax and pay it over to the South African Revenue Service on your behalf.
The income received from both life annuities consists partly of a repayment of the capital amount, called “the capital portion” of the income payment. The capital portion could enjoy an exemption from income tax if the requirements of section 10A of the Income Tax Act are met.

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 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.

Receive a guaranteed monthly income throughout the investment term, along with the return of the original investment amount at the end of the term.

get in touch

Contact us

Complete this form to get a call back, or call us on weekdays between 08:00 and 17:00.

+27 21 917 9002

+27 86 045 2364