Old Mutual Unit Trusts Retirement Annuity Fund (OMUTRAF) is a unit trust-linked retirement annuity that enables you to invest in Old Mutual unit trusts for just R500 per month.
Features and Benefits
- Investment minimum just R500 per month.
- Invest a lump sum, make regular payments on a monthly basis, make ad hoc payments or opt for all three, with no penalties.
- Access to the full range of Old Mutual’s unit trust funds.
- Structure your retirement portfolio to meet your personal retirement needs.
- Access your portfolio 24/7 in our secure online environment, where you can manage your investment at any time.
- Switch all or part of your portfolio to another of Old Mutual's unit trusts.
- Retirement annuity contributions are tax deductible.
- Any capital appreciation in the value of your units is currently tax free*.
- Option to invest online or through your adviser or broker.
* Tax
Contributions to retirement annuities are tax deductible annually to the greater of:
- 15% of non-retirement funding taxable income
- R3 500 less allowable pension fund contributions
- R1 750