Products A–Z
Financial products explained
How each product works, what it costs, what to watch out for, and the stages of life it usually matters for.
Investing and retirement
- EndowmentAn investment policy that pays tax at set rates inside the policy, with limited access for the first five years and the option to name beneficiaries.
- Living annuityTurns your retirement savings into an income that you set each year. It is flexible, but your income can shrink over time.
- Offshore investingSpreading part of your savings across other currencies and markets, either in rand through local funds or by moving money abroad within the allowances.
- Preservation fundKeeps the retirement savings you built up in a job invested when you leave it, with limited access before you retire.
- Retirement annuity (RA)A retirement fund you own yourself, for building your retirement savings, with a tax deduction on what you put in.
- Tax-free savings account (TFSA)Savings for you or your children where you pay no tax on interest, dividends or growth, up to yearly and lifetime limits.
- Unit trusts and share portfoliosPooled funds and portfolios of South African and international shares, usually held on an investment platform, for building wealth outside a retirement fund.
Protection
- Business assuranceLife and disability cover that protects a business, its owners and their families if an owner or key person dies or is disabled.
- Disability and income protectionPays you a lump sum or a monthly income if illness or injury stops you from working, so that you and your family can keep up with your bills.
- Employee benefitsRetirement savings and group cover that an employer arranges for its staff, to help them save for later and protect their families.
- Life coverA lump sum paid when you die to the people you choose, or to your estate, so that your family has money to live on and to settle your debts.
- Severe illness coverA lump sum if you are diagnosed with a serious illness such as cancer, a heart attack or a stroke, to help your household with costs that medical aid does not cover.
Estate and tax
- Estate administrationWinding up an estate after someone dies, from reporting it to the Master to paying out the heirs, so that the family receives what was left to them.
- Wills and trustsA will, and where needed a trust, decides who inherits from you, who looks after your children and how their money is managed.
Speak to a planner
Send us a WhatsApp message or call the office. The first call is free and takes 20 minutes, by phone or video. We will tell you whether we can help and what it would cost, so you can decide in your own time.