Hollard Wealth Accumulator

Hollard Wealth Accumulator is a solution for your matured Hollard Guaranteed Investment.

Overview

The solution for your Matured Hollard Guaranteed Investment

The Hollard Wealth Accumulator is an open-ended policy for investors seeking a solution for their matured Hollard Guaranteed Investments. It is a linked Investment that allows you the flexibility to select the most appropriate underlying funds for you. Its flexible structure also gives you access to your funds without paying penalties, a death benefit for your beneficiaries and tax-effective administration.

Fund list

Click here to view a list of funds available on the Wealth Accumulator.

Features & Benefits

Features and Benefits of our Wealth Accumulator

Features and Benefits Product Details
Minimum Investment R50,000
Tax Implications The value of the investment account is subject to taxation in line with the "Four Funds" tax approach that applies to South African long-term insurers. Policy proceeds are paid out tax-free to the original policyholder.
Death Benefits In the event of your death, the policy can continue in your beneficiaries' names or they can choose to encash the full value of the policy.
Access to Capital

There are no legislative restrictions or penalties when accessing your investment, subject to the liquidity of the portfolios. 

Other Product Features
  • Flexibility to select your most appropriate fund/s
  • Ability to switch between investment portfolios at no cost.
  • Ability to use the policy as security
  • Policy valuations issued on a monthly basis 30 days in arrears; ad hoc valuations available on request
  • Endorsement of your maturing Guaranteed Endowment Policy into the Hollard Wealth Accumulator, if you're an existing Hollard Guaranteed Policy Holder. You need to be an individual aged 18 or older or a South African Trust whose beneficiaries are all natural persons (individuals)

 

Product Charges

What will it cost?

Product Details Product Charges
Annual Product Charge 0.30%
Income Tax 30%
Capital Gains Tax 5%
Advisor Initial Commission Not Applicable
Annual Advice Fee Maximum of 0.5% (excluding VAT)
Underlying Fund Fees

Charged separately (see Fund List)

Surrender Charges Not Applicable

FAQs

Wealth Accumulator FAQs

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

Who can invest in the Hollard Wealth Accumulator?
Existing Hollard guaranteed policyholders whose policies are maturing. The policyholder needs to be an individual who is 18 years or older, or a South African trust whose beneficiaries are individuals.
What is the minimum investment amount?
The minimum investment amount is R50,000.
Can I make additional contributions to my policy?
No, additional contributions to the policy are not permitted.
Can I access my investment?
Yes, access to your investment is free of restriction or penalty.
What happens to the policy in the event of my death?
In the event of your death, the policy can continue in your beneficiaries' names or they can choose to encash the full value of the policy.
Are loans permitted against the policy?
Hollard Investments does not permit loans to be taken on the policy.
When are policy valuations issued?
Policy valuations are issued on a monthly basis, 30 days in arrears. You can also request historic valuations on request.
Is my investment guaranteed?
The market value of the endowment is linked to the performance of the underlying fund selection.
What are the tax implications of this investment?
The Hollard Wealth Accumulator has been designed as a tax-efficient investment vehicle for South African residents. While we're unable to give individual tax advice, based on SA's current legislation, it's our interpretation that the following tax treatment is applicable: The value of the account is subject to tax according to the "Four Funds" tax approach that applies to South African long-term insurers. The policy proceeds are paid out tax-free to the original policyholder.
Can the benefits under this policy be changed?
Hollard Investments 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 Investment's ability to provide the benefits associated with this policy.
Do I need a Financial Advisor to invest in this product?
Yes. Hollard Investments does not accept any investment into this product without a Financial Advisor being appointed.

Customer Support

Contact details

  • Tel: 0860 202 202
  • Email: hwnewbusiness@hollard.co.za
  • Fax: +27 11 351 3816
  • For compliments and complaints please fill in the Customer Support form on the right. Alternatively view our complaints process by clicking here.

Select and complete the form of your choice

  • Select the relevant form from the list below
  • If you are completing an Investment Application form, please appoint a Financial Advisor
  • Applications for this investment will not be processed without a Financial Advisor being appointed
  • Print and complete the form
  • Attached all required documentation, including FICA documentation (for new investment applications)
  • E-mail or fax the completed form to hwnewbusiness@hollard.co.za or +27 11 351 3816

First-time Investors Existing Investors
Application Form Death Claim Form
Fund List Surrender Request Form
General Disclaimer and Indemnity No FSP Switch Form
Static Details Change Form
Security Cession Form
Outright Cession Form
Financial Advisor Appointment Form
General Disclaimer and Indemnity Surrender Proceeds 3rd Party Form
Beneficiary Nomination Form