AFRICA WORKS ON SOLVING ITS
ELECTRICITY DEFICIT.

While the African power sector faces many challenges, there are a number of reasons to be optimistic about the future.

AFRICA WORKS ON SOLVING ITS
ELECTRICITY DEFICIT.

While the African power sector faces many challenges, there are a number of reasons to be optimistic about the future.

HELPING IMIZAMO YETHU VICTIMS

The DARG Foundation thanks Prescient for monetry, food and clothing donations.

MULTI-ASSET INCOME FUNDS

A good alternative to money market funds.

TRUSTEES TO RE-EVALUATE THEIR
INVESTMENT MANDATES.

Medical Scheme trustees should re-evaluate their investment mandates.

 
PRODUCTS & SERVICES
RETIREMENT SOLUTIONS
ENDOWMENTS





What is it?

The Prescient Endowment is a savings policy for investors with a time horizon of 5 years or greater.

How do I contribute?

Contributions to the endowment are made in cash as a lump sum at the start of the investment period.  No additional contributions are allowed at any point.

What about tax?

By investing in an endowment rather than directly in a unit trust you are able to generate a tax benefit on the interest income that you earn.  This benefit is particularly relevant for investors who have used up their annual interest income tax exemption and have high marginal tax rates (>30%).

What are my options?

You are able to pick from a range of investment options managed by Prescient Investment Management.  You are able to switch between these investment options at any point without cost.

How do I withdraw?

You are allowed to make a single withdrawal within the first 5-year period.  The withdrawal is limited to the initial contribution plus 5% compound interest per year.  After 5 years you will be entitled to withdraw any amount, either as a single withdrawal or by way of scheduled / recurring withdrawals.

     

 

 

 

 

If you require any further information, please do not hesitate to contact us.