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- About
- Guidance
- Reward
- Benefits
- Charges
- Our solutions
- Resources
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About
Introduction
The Sanlam Wealth Edge Endowment Plan is a five-year tax-efficient investment solution that offers a boost to the initial investment amount, a reward for staying invested, and optional protection to limit losses in a declining market.
- Minimum contribution
The minimum contribution for the Sanlam Wealth Edge Endowment Plan is R100,000.
- How long to invest for
You have to invest for a minimum initial term of five years.
Guidance
How it works
This flexible investment solution has all the benefits of ordinary endowments plus a number of very attractive additional features.
reward
Wealth Bonus Reward
The Wealth Bonus is an additional amount calculated on your fund value and takes the form of units being added to the fund value.
An additional allocation, called a Wealth Bonus, of 4% is added to the investment amount upfront, giving your investment growth a head start.
An additional 1% Wealth Bonus will be added to any amount invested in the Glacier Solution Funds.
On the fifth plan anniversary, an additional Wealth Bonus of 4% will be added to your fund value. Another 4% will be added at the end of year 8 and year 10, and then at the end of every five years thereafter.
A Wealth Bonus will also be added if the plan is terminated due to a death claim. If the plan is terminated on request on or after the original option date (five years from the start date), only vested Wealth Bonuses will be paid.
It’s simple: The longer you stay invested, the bigger the reward.
Benefits
What the Sanlam Wealth Edge Endowment Plan offers
A head start in the market: A Wealth Bonus of 4% is added to the investment amount upfront, giving your investment growth a head start.
Flexible investing: You can choose from a carefully selected range of investment funds*, and you can change your fund selection at any time. The defined fund range ensures effortless selection of an appropriate investment portfolio for your individual circumstances and tolerance for risk.
A death benefit.
Rewards for staying invested.
Optional protection against falling markets: You have the option to add a unit price guarantee on selected investment funds, giving you the opportunity to take advantage of rising markets, while limiting capital losses during market downturns.
Tax efficiency: If your marginal tax rate is higher than 30%, you could benefit from income tax and capital gains tax advantages in this investment.
Insolvency protection: If your endowment policy has been invested for three years and you or your spouse is the life insured, the policy benefits or any assets purchased only with the policy benefits are protected against creditors. The protection is applied for a period of five years from the date on which the policy benefits were provided.
Estate planning benefits.
Charges
Tax and fees
Fees vary per product and underlying investments. Please speak to your financial intermediary to make sure you understand which fees you pay and why.
Tax benefits
Income tax benefits
While interest is usually taxable at your marginal rate, interest declared within The Wealth Edge Endowment Plan is currently taxable at 30%, so you save on tax if your marginal tax rate is higher than 30%.
Capital gains tax benefits
While capital gains tax is usually calculated and recovered as a percentage of your marginal tax rate, capital gains within The Wealth Edge Endowment Plan are taxable at a rate of 12% and recovered within the policy.
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 f inancial security.
- Our Solutions
Glacier Top Brands Participation Enhancer
Capital protection and the opportunity for augmented returns, through exposure to the performance of 12 of the largest, most well-known brands in Europe and the US, without currency risk.
Glacier Investment Plan
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.
Glacier Vantage Life Plan
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.
resources
Find additional resources to support your financial journey
Downloadable Resources
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| The Sanlam Wealth Edge Endowment Plan infographic | ||
| Glacier Solution Funds |
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The Sanlam Wealth Edge Endowment Plan infographic
Glacier Solution Funds