A unit-trust linked living annuity, available from R50 000, which offers you the choice of investing in a selection of Old Mutual's Rand-denomination unit trusts and allows you to select the level of income you wish to receive.
Features and Benefits
- Access to Old Mutual Investment Group (SA) (OMIGSA) investment expertise.
- Structure your portfolio to match prevailing market conditions.
- Select up to five unit trusts – which will expose you to a range of asset classes, sectors and economies.
- Select a level of income of between 2.5% - 17.5% of your portfolio value – which can be reviewed annually.
- Choose your income frequency: monthly, quarterly, bi-annually or annually. You can review this annually.
- Monitor the performance of your investment daily.
- This is not a guaranteed income as it is investment-based.
- Investment returns are tax-free, whilst your income is taxed at your marginal tax rate.
- The investment term is for life.