The current charges for the Sanlam Retirement Annuity:
Marketing and administration charge
The charge is calculated on a monthly basis, which means the percentage is divided by 12 to calculate the monthly amount. This charge is subject to a minimum rand amount that will be increased gradually over 24 months from R0 per month on the start date of the plan to R54.00 per month. This current minimum rand amount will be increased from time to time to allow for inflation.
The marketing and administration charge changes as the fund value increases to higher fund value bands. If you select the default investment option, the following marketing and administration charge is applicable:
Recurring Fund value band |
Yearly marketing and administration charge % of the fund value of the plan |
First R500 000 |
4.00 |
Excess above R500 000 |
3.50 |
If you prefer to select your own funds and will be investing recurring monthly payments, the following marketing and administration charge is applicable:
Fund value band |
Yearly marketing and administration charge % of the fund value of the plan |
First R500 000 |
4.20 |
R500 001 – R1 000 000 |
3.75 |
Excess above R1 000 000 |
3.50 |
Investment Management Charges
An asset manager charges fees for investment research and selecting the underlying assets for a specific investment fund. These fees are taken into account in the calculation of the daily unit price of the investment fund. The published performance figures of the investment fund are therefor net of these fees.
Investment fund |
Yearly % of market value |
SATRIX Dynamic Balanced Fund B |
0.3 |
Wealth Protector |
0.4 |
If you select your own funds, the Investment Management Charge is the weighted average of the selected investment funds. The value of the Investment Management Charge for each of the available investment funds is shown on the fund selection table and in the fund fact sheet for that fund.