For medium- to long-term investments offering you certain tax advantages, there are Glacier's Endowment and Sinking Fund policies. Your financial adviser will help you customise your investment according to your individual needs and risks.
We offer a wide fund choice together with other underlying investment options. You can switch between these underlying funds easily and cost effectively at any point during your investment term. You can also invest a portion of your investment amount directly in a portfolio of shares through our Private Securities Option.
Glacier tracks your net-realised capital gains or losses – realised losses are carried forward each calendar year and offset against future gains to minimise your tax liability. You can take Capital Gains Tax consequences into account before selling or switching – Glacier's comprehensive reporting shows unrealised gains and losses, making your tax planning easier.
Our Endowment and Sinking Fund policies are underwritten by Sanlam Life, one of South Africa's largest and oldest financial services companies. If you currently have a Sanlam policy older than five years, you can continue this policy with Glacier and make tax-free withdrawals with immediate effect.
We also offer access to an asset-swap facility for South African investors wanting to invest more than the R2 million currently allowed by the South African Reserve Bank. Funds are invested via the Glacier platform, using Sanlam Life's offshore capacity.
A savings policy with a specific term (usually 5-10years), with a choice of various investment funds depending on your risk profile. Additional benefits, such as life cover can be added to this product.
For more information on Glacier's Endowment and Sinking Fund policies:
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