ENHANCING RETURNS WITHOUT THE
RISK.

It is possible to generate equity alpha without taking equity risk.

ENHANCING RETURNS WITHOUT THE
RISK.

It is possible to generate equity alpha without taking equity risk.

HELPING IMIZAMO YETHU VICTIMS

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

TRUSTEES TO RE-EVALUATE THEIR
INVESTMENT MANDATES.

Medical Scheme trustees should re-evaluate their investment mandates.

MULTI-ASSET INCOME FUNDS

A good alternative to money market funds.

 
PRODUCTS & SERVICES
RETIREMENT SOLUTIONS
PRESERVATION FUNDS





What are they?

The Prescient Preservation Pension and Preservation Provident Funds are tax-efficient vehicles which allow you to preserve the benefit that you have accumulated within your employer fund when you change jobs.

How do I contribute?

You can only contribute amounts that have been accumulated within an employer fund to a preservation fund by way of a transfer.  You are not allowed to make cash contributions.

What about tax?

By transferring your benefit to a preservation fund, you are not liable for any tax on the accumulated benefit.  Furthermore, the future returns generated by the investments are exempt from taxation.  Tax may be payable upon withdrawal or at retirement, depending on the on the size of the cash portion taken.

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.

What about retirement?

You are able to retire from your preservation fund from age 55.  In the pension fund, you can take a maximum of one third of your benefit as cash.  The balance must be used to purchase an annuity which will provide you with an income in retirement.  In the provident fund, you can take the entire benefit as cash.

What about transfers?

You may transfer your existing preservation fund to the Prescient Preservation Pension or Provident Fund and there will be no penalties should you wish to transfer from Prescient to another provider.

       

 

 

 

 

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