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Contact Glacier

  • English
    +27 21 917 9002
    0860 452 364
    Afrikaans
    +27 21 917 9000
    0860 452 237
  • or
International

Glacier Offshore Investment Plan

Access different markets and currencies with less paperwork and more affordable investment minimums than traditional offshore investments.

Grow your savings by investing in a range of unit trust funds denominated in foreign currencies from leading fund managers. Read more

Plan Details

Find out more about this product.

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Plan Details

R100 000

PLUS additional Investment of R15 000

The investment period is open-ended - you decide how long you want to stay invested.

You have total freedom to change your underlying investments.

  • Lower minimums than traditional offshore investment options
  • A simple investment process with less paperwork
  • Flexibility to add to, or withdraw from the investment at any time
  • Guided investment choices through risk-profiled model portfolios
  • You make a lump sum investment.
  • We invest the money in the underlying investments that you choose in collaboration with your financial advisor. You can also make additional contributions.
  • Your money can grow over time, based on the performance of your underlying investments.
  • Approval from the South African Reserve Bank can be requested for amounts exceeding R10 000 000.
  • Asset swap is an option if you do not want to make use of allowances.
Allowance type Amount Criteria
Foreign Investment Allowance (FIA) Up to R10 000 000 per calendar year To invest using their FIA, investors will need to obtain tax clearance from SARS and Exchange Control approval.
Single Discretionary Allowance (SDA) Up to R1 000 000 per calendar year To use their SDA facility there is no need to obtain tax clearance, but investors need to sign a declaration in their application form.
  • You can make ad hoc withdrawals, depending on the liquidity of the underlying investments.
  • You cannot make regular or scheduled withdrawals.

Tax

  • Taxation depends on an investor's personal circumstances. Glacier has selected roll-up fund classes which means income and dividend tax does not apply.
  • Capital gains tax will be triggered when you withdraw from a fund and sell units

Please speak to your financial advisor to make sure you pay the correct fees and that you understand which fees you pay and why.

Get Information

It is important to bear in mind that any investment has some risk. We therefore recommend that you consult a financial planner who can help you find the most appropriate products for your needs and circumstances.

 

Contact Glacier

  • English
    +27 21 917 9002
    0860 452 364
    Afrikaans
    +27 21 917 9000
    0860 452 237
  • or
Glacier Financial Solutions (PTY)LTD is a licensed financial services provider.
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