Investing money is easy with our Voluntary Plan
Investing money is a great way to build wealth for your future or to work towards a financial goal. And with the OUTvest Voluntary Plan, you get an intelligent method of growing your money, where you invest it into our uniquely engineered unit trust funds or even our Global Wealth Builder.
You can add as much money as you like to our Voluntary Plan, there is no limit.
There are certain tax implications such as Capital Gains Tax, Tax on Interest and Dividends Tax when investing in our Voluntary Plan.
The true effect of most of these taxes is only really felt after a few years of investing or as your funds increase substantially in value.
SARS does however give you some incentives annually to ease the effects of these taxes, such as rebates and exemptions up to certain limits. These exemptions and limits can be found on the SARS website and apply cumulatively to all investments that you have.
You can withdraw your money at any time without any penalties and your money is not locked away.
There might be tax implications such as Capital Gains Tax when you withdraw from our Voluntary Plan.
A withdrawal takes roughly three to four working days to complete.
In the event of your death, the money in your OUTvest Voluntary Plan will go directly into your estate. There is no provision to nominate any beneficiaries.
By law, our OUTvest Voluntary Plan is not protected from your creditors and if your estate is sequestrated it may be liquidated and paid to your creditors.