Want an investment you can access instantly?

Saving for Retirement?

Changing jobs?

Close to Retirement?

Already Retired?

Switching to the myretirement solution may very well be your best retirement planning decision.

Direct investment

Invest confidently with the Direct Investment Account option.  Access the myretirement portfolios on the Sygnia Alchemy investment platform with no fuss or stress.  Make all your own decisions in real time and see what your money can do for you.

“A great place to flex your investing muscles. And instant access means I can always cash out when I need to.”

Ideal investor

A direct investment is suitable for you if you:​

  • want easy access to your investment
  • want no set term
  • want a variety of investment options​

Features of a direct investment

Advantages

  • Instant access to your investment.
  • No set term or investment premium.
  • Flexibility to invest in a wide variety of cost-effective index-tracking unit trusts and offshore funds.
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Limitations

  • You may transfer your investment to another individual or legal entity, but this may activate Capital Gains Tax on your investment.
  • You may not cede your investment in the Sygnia ForLife Living Annuity, nor use it as security for any debts or commitments.

Tax considerations

Your Sygnia Direct Investment will be subject to the following taxes:

  • Income tax on any interest income earned;
  • Dividends Withholding Tax on any dividends earned; and
  • Capital Gains Tax on any disposal of your investment.

Sygnia will provide you with an annual IT3b certificate, which details the total interest and dividends earned for the tax year. You are required to declare these amounts on your annual tax return. The dividend income earned is subject to Dividends Withholding Tax (DWT) at a rate of 20%. The South African Revenue Service requires Sygnia to pay DWT on your behalf where applicable.

Administration Fees on myretirement solutions

Sygnia unit trust and unitised life funds
No administration fees apply on the Sygnia Lifetime Income Portfolio, Sygnia unit trusts or unitised life funds.

All externally managed unit trust funds
Administration fees are charged as follows when you are invested in external-manager unit trusts.

ETFs and ETNs
Administration fees are charged as follows when you invest in ETFs and ETNs on the Sygnia Alchemy Platform.

Minimum R500 per month. Of this amount, the minimum investment amount in any ETF must be R250.

Investment management fees
The myretirement hybrid solutions offers active investment management at passive rates, never exceeding 1% per annum.

Financial advisor fees
These are negotiable with your financial advisor within the following parameters:
Initial fee: Maximum of 3% (excl. VAT) deducted prior to investing
Annual fee: Maximum of 1% per annum (excl. VAT).If an initial fee in excess of 1.50% is deducted, the annual fee is limited to 0.50% per annum.

Required documentation

  • Copy of South African green barcoded ID/ South African Smart ID Card, birth certificate (if minor) or valid passport (if a foreign national).
  • Proof of residential address not older than 3 months.
  • Proof of bank details not older than 3 months.
  • Proof of deposit/transfer into the relevant Sygnia bank account.
  • If a unit transfer is required, please provide a recent statement of your current investment.

Don't hesitate to contact us any time.

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