The Investment Portfolio+ and Its Benefits

Specifically designed for the South African resident, the Investment Portfolio+ allows you to consolidate and manage your offshore investments within a single, convenient, tax efficient structure, and aims to provide the potential for growth of the assets over the long term.

The product is a single-premium capital redemption contract. It is structured so that it doesn't have lives assured; therefore, it will not come to an end on your death. Instead, the Investment Portfolio+ has a 99-year fixed term where a maturity will be paid and your investment will continue to the end of the term (the maturity date), unless you fully cash it in before the maturity date. The Investment Portfolio+ is issued as a number of contracts (minimum 100) which collectively forms the Plan.

The Investment Portfolio+ offers two levels of investment choice subject to minimum premium criteria:

  1. The first level provides access to a range of internal life funds denominated in sterling, US dollars and euros. These funds have been specifically selected for the South African investor and managed by carefully selected offshore funds.
  2. The second level offers a significantly increased range of assets including collective investments schemes and shares listed on recognised stock exchanges (these are accessed through the “Authorised Custodian Facility”).

In both cases you can build your own portfolio to suit your financial goals and attitude to risk. We are currently waiving switching charges and dealing fees although there may be transactional fees if you utilise the Authorised Custodian Facility.

The Investment Portfolio+ offers the convenience of removing the complexities and concerns of tax administration as this is performed by Old Mutual Isle of Man, which is a Branch of Old Mutual Life Assurance Company (South Africa) Limited (“OMLACSA”) within the policy, with the exception of personal tax administration.

Please download the Key features brochure (pdf document) for full details of the options available to investors via Investment Portfolio+.

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