Step 1: Select a Payment Plan
Choose either a Flexible Investment Plan with complete premium payment flexibility or enjoy the benefits of disciplined savings using a Focussed Investment Plan, or choose a combination of the two:
Flexible Investment Plan
This payment option affords flexibility by allowing for lump sum and scheduled contributions.
Investment Minimums
- Lump Sum: R 10 000.00
- R500.00/month
- Ad hoc: R 500.00
Investment Term:
- No contractual investment term which means that you have complete freedom when it comes to making contributions to your investment.
Focussed Investment Plan
This plan calls for committed premiums for a fixed period, but allows for the option of 100% investment allocation. This means that all of your money is invested from day 1.
In addition, ensure that your children's education is secured regardless of what happens to you by adding a Disability and/or Death Premium Protection Benefit to a Focussed Investment Plan.
Note that the 100% investment allocation option does not apply for payments made via stop order and investments made into certain external (non-Old Mutual) funds.
Investment Minimums: > 10 years: R 250.00/month
Step 2: Select a Tax Wrapper
Max Investments provides access to the most efficient tax wrapper for your needs on one investment platform.
The "wrapper" you choose prescribes how you will be taxed on your investment gains. Personalise your tax structure to optimise your after-tax investment returns. The options are:
Life Pure Investment Wrapper
- All income and capital gains earned on the LIFE Pure Investment are taxed in the hands of the LIFE company ("Four Funds" taxation).
- Proceeds are tax free for you.
Linked Investment Service Provider (LISP) Wrapper
- All interest income, rental income, and foreign dividends earned in the Unit Trust Funds are taxed at your marginal tax rate.
- Capital gains on disposal of units are taxed at your appropriate tax rate.
- You can utilise your annual interest and capital gains exemptions to reduce the tax payable.
Step 3: Conduct a risk assessment and recommend Investment Funds
Choose appropriate underlying Investment Funds from a wide range of up to 200 investment funds conveniently categorised into Guaranteed, Defensive and Market Growth categories.