What is investing for income?Who doesn't like the idea of supplementing their income? With our range of income-generating funds you can do just that. You can draw an income from your investment portfolio by investing in certain funds from our unit trust range or from our MAX product range.
- Supplement your income on a regular basis: annually, bi-annually, quarterly or monthly
- Minimum investment amount is R10 000
- A range of funds to choose from
- You get a guaranteed income for a term of between 5 and 25 years if you opt for the MAX investment option
Choose your unit trustInvest a once-off sum of R10 000 or more.
Invest a once-off sum of R10 000 or more.
Choose a fund from one of three income-generating categories: interest income, dividend income or rental income.
Turn it to the MaxSpeak to a financial adviser for maximum benefit
Speak to a financial adviser for maximum benefit.
There's a selection of funds your adviser can assist you in choosing so that you can receive a guaranteed income for a set period.
GrowthInvesting in funds that will grow your capital
Investing in funds that will grow your capital.
While there is interest earned in the funds you choose the bulk of the growth comes from the increase in the value of the underlying shares.
Interest income: This is the result of investing in money market and bond funds. This income is taxed according to your applicable income tax rate (after your tax exemptions are exhausted). Unit trusts that pay interest income are generally lower risk and offer little to moderate growth, but good capital protection.
Dividend income: Dividends are the portion of a company’s profits that is paid to shareholders, usually twice a year. Dividend income is currently tax free in your hands.
Rental income: Paid by unit trusts that invest in listed property, this is also taxed according to your income tax rate. We offer the Old Mutual SA Quoted Property Fund for investors who are bullish on this sector.
No. Your post-retirement income must come from an annuity purchased by your retirement annuity savings. We have a number of annuity products available for just this requirement.
You can through the unit trust option but remember that this likely to decrease your investment capital and affect the income you receive.