Verso Investment Services Product Advice

Professional Financial Product Advice

Here at Efficient Wealth we provide personal financial advice on financial products that can be tailored to your specific monetary needs. We do this by making recommendations for a financial service or product after considering your long-term financial objectives and current financial situation.

Our team of experienced financial advisors are ready to help you in any way that they can with regards to the following Financial Products:

Retirement Annuity

In South Africa the combined effect of earlier retirement and living longer means that many people will spend almost a quarter of their life not working. While this is good news for some, it does weigh heavily on those who have not planned for their future retirement. Here at Efficient Wealth we can advise you on how best to invest in your future, and thereby ensure that your retirement is as comfortable and rewarding as possible.

Living Annuity

This post-retirement investment product is designed to provide investors with an income after retirement. At least two thirds of a retirement annuity should be invested in a life or living annuity. Current legislation in South Africa ensures that living annuities only allow for a withdrawal rate of more than 2.5% and less than 17.5% of the value of the invested assets.

Preservation Pension or Provident Fund Services

A preservation pension fund is a retirement fund that has been specifically created to allow you to invest the proceeds of your pension or provident fund when you leave a fund or employer. It allows you to transfer your proceeds into this type of fund in the case of dismissal, retrenchment or resignation. This helps to preserve both your retirement investment and your current tax benefits. It is important to note that this transfer of funds is not taxable if you move your savings from a pension or provident fund to a preservation fund.

Endowment Policy Services

An endowment policy is a popular type of life insurance contract that is designed to pay out after a predetermined time (on its ‘maturity’) or event (such as the policyholder’s death). Typical maturity periods are 5, 10, 15 and 20 years. 30% tax is payable within the policy.