|Minimum investment||R100,000 per policy|
|Initial Administration Fee||No Fee|
|Initial Management Fee|
|Financial Advisor Initial Fee||A maximum fee of 3% excluding VAT|
|Annual Administration Fee||
|Financial Advisor Annual Fee||
A maximum fee of 1% excluding VAT
How to submit a form to us:
Yes, your portfolio is flexible. You can choose to switch Investment Portfolios at any time.
There are no withdrawal charges levied.
The minimum investment is R100,000 per policy.
Certain Investment Portfolios may have their own investment minimum amounts. Please refer to the Investment Portfolio List for more details.
Yes. Legislation limits the amount which may be contributed to the policy via an additional contribution or recurring monthly debit order as follows:
Your policy will pay a benefit equal to the policy value after fees and charges due, if you're both the policyholder and the nominated life assured. If there is more than one life assured on the policy, the policy will continue until the death of the last life assured. When the last life assured passes away, the death benefit will be paid to the nominated beneficiaries for the policy. If no beneficiaries are nominated then the benefit will be paid to the estate.
No loans are permitted on the policy.
A tax recovery charge will be levied on the Investment Portfolios within the Hollard Linked Endowment. The charge will be incurred whenever a taxable Capital Gains event takes place in the Investment Portfolio or taxable income is earned by the Investment Portfolio. The tax charges applied differ per Investment Portfolio and are disclosed on the Investment Portfolio list. Should you replace your Financial Advisor, the tax charges applicable to the Investment Portfolio(s) may change. The Hollard Linked Endowment is subject to Dividends Tax.
Any Dividends tax incurred will be deducted from the local dividend portion of an income distribution before it is re-invested in the investment portfolio.
Policy proceeds are paid out tax free to the policyholder
During the first five years of the policy you may take one full or partial withdrawal (with no withdrawal charges), the value of which is limited by legislation. After five years all restrictions on the policy fall away, and you may withdraw all or a portion of the value of the policy at any time, with no limit on the number of withdrawals which may be taken.
Yes, security and outright cessions are permitted.
Due to the nature of this policy, a 30-day cooling-off period does not apply.
It is recommended that you appoint a financial advisor to assist you. Hollard Life in their capacity as the Administrator and the Manager do not provide financial advice, and may only supply the investor with factual or administrative information relating to the investment products and portfolios.
The Hollard Linked Endowment policy is open ended and as such does not have a term. Policies have a five-year restriction period from inception during which there are withdrawal limitations.