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Wealth Accumulator

Hollard Wealth Accumulator

Features and Benefits of the Wealth Accumulator

Unlock a host of features such as unrestricted access to your long term savings.

Guaranteed Growth | Features and Benefits

Key Benefits:

  • Get unrestricted access to your capital, subject to asset manager transaction turnaround times
  • Benefit from financial market fluctuations
  • Select a portfolio that suits your financial needs
  • Switch between investment portfolios, for free
  • Get tax-free investment proceeds according to the current legislation
  • There’s no maximum amount you can invest (the minimum amount is R50,000)

Wealth Accumulator Features:

You can get access to your long term investments – without a restriction or penalty (subject to a notice period of one calendar month)

In the event of your death, the policy can either continue in your beneficiary’s name(s), or they may elect to encash the full value of the policy

Collateral cession – you can use this policy as security to raise a loan from a lending agency, or registered South African bank

 

Outright cession – you can transfer your long term savings policy to a new owner (cessionary). The proceeds of the policy, however, will then be paid directly to the new cessionary and not to the previous owner or their estate

It’s tax-efficient for South African residents – the policy proceeds are paid out tax-free to the original policyholder

Policy valuations – are issued on a monthly basis, 30-days in arrears. You can also get historic valuations on request

Hollard Wealth Accumulator

Wealth Accumulator FAQs

Find out everything you need to know about the Wealth Accumulator Maturity Option.

Q: Who can invest in the Hollard Wealth Accumulator?
A: Existing Hollard guaranteed policyholders whose policies are maturing. The policyholder either needs to be an individual who is 18 years or older, or a South African trust whose underlying beneficiaries are all natural persons (individuals).
Q: What financial commitment do I have to make?
A: The minimum investment amount is R50,000. There's no maximum investment amount.
Q: Can I make additional contributions to my policy?
A: No, additional contributions to the policy are not permitted.
Q: Can I access my investment?
A: Yes, access to your investment is without a restriction or penalty; however, it’s subject to a notice period of one calendar month.
Q: What happens to the policy in the event of my death?
A: In the event of your death, the policy will either continue in your beneficiary’s name(s), or they may elect to encash the full value of the policy.
Q: Are loans permitted against the policy?
A: Unfortunately, Hollard Wealth does not permit loans taken on the policy.
Q: Are cessions permitted?
A: Yes, security and outright cessions are permitted.
Q: What are the tax implications of this investment?
A: The Hollard Wealth Accumulator has been specifically designed as a tax-efficient investment vehicle for South African residents. Whilst we’re unable to give individual tax advice, based on the current legislation in South Africa, it’s our interpretation that the following tax treatment is applicable:

• The value of the investment account is subject to taxation according to the ”Four Funds” tax approach applicable to South African long term insurers

• The policy proceeds are paid out tax-free to the original policyholder
Q: Can the benefits under this policy be changed?
A: Hollard Wealth reserves the right to revise the contract under this policy in the event of:

• A change in legislation or practice governing the taxation of long term insurers

• Any regulatory, legislative or other factors having a detrimental effect on any aspect of this policy or on Hollard Wealth's ability to provide the benefits associated with this policy
Q: When are policy valuations issued?
A: Policy valuations are issued on a monthly basis, 30-days in arrears. You can also get historic valuations on request.
Hollard Wealth Accumulator

Customer Support

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