OUR EXPERTISE, YOUR INVESTMENT
Its not about how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.We have the best unit trust investment for you
You can invest in unit trusts for most of your investment goals, from saving for longer-term objectives, to meeting your shorter-term needs.You benefit from our investment expertise
We will carefully manage your chosen unit trust investments following our proven investment philosophy. To build your long-term wealth with us, you can invest monthly or start with a lump sum, subject to our minimums.
You get choice and control
You can choose a unit trust that suits your needs and time horizon. While you can monitor your investment and make changes at any time without transaction fees or penalties, we encourage long-term investing.
Choose a unit trust that suits your needs
We offer a simple range of unit trusts, suitable for different needs. When you choose a unit trust, there is a trade-off between higher potential return on the one hand, and stability and lower risk on the other.
Save for your retirement
You can use unit trusts to save for your retirement. You can invest directly into unit trusts, or you can invest in unit trusts via our retirement annuity. A retirement annuity gives you tax savings and a measure of protection, but comes with some restrictions.You get tax benefits
Your contributions to a retirement annuity are tax-deductible and the returns you earn while invested are tax-free.
You benefit from our investment expertise
We will carefully manage your chosen unit trust investments following our proven investment philosophy. To build your long-term wealth with us, you can invest monthly or start with a lump sum, subject to our minimums.
Your investment is protected
The restrictions in a retirement annuity ensure that your savings are kept for your retirement and safeguarded from potential creditors. While your savings are protected, you can make changes or add more money at any time without transaction fees or penalties.
Reasons a retirement annuity may not be suitable for you
To ensure that your retirement savings are kept for your retirement, the following legal restrictions apply to all retirement annuities:
- Prescribed legal investment limits restrict how much you can invest in the types of investments that are considered higher risk, for example equities and offshore investments.
- You can only access your money after the age of 55, except in certain circumstances.
- When you retire you can only withdraw up to one-third of your investment as cash. The rest must be transferred to a product that can provide you with retirement income.
Start or transfer a tax-free investment
If you are investing for the long term, or if you are already paying income or capital gains tax on your existing investments, you can invest in unit trusts via our tax-free investment account and benefit from tax savings on your investment return. It is also a useful product for estate-planning purposes. The maximum amount you can put into your account per tax year is currently R 36 000, with a lifetime maximum of R 500 000.
You get tax benefits
You pay no tax on the growth of your investment (interest, dividends and capital gains), benefiting you most over the long term.
You get estate-planning benefits
Your investment can be paid to your beneficiaries immediately and there are no executor fees.
You benefit from our investment expertise
We will carefully manage your chosen unit trust investments following our proven investment philosophy. To build your long-term wealth with us, you can invest monthly or start with a lump sum, subject to our minimums and the prescribed maximum amounts.
Reasons a tax-free investment may not be suitable for you
- If you are not already paying tax on your investments, or you are not investing for the long term, the tax-free investment account may not provide significant tax benefits.
- You will pay a tax penalty of 40% of any amount you invest above the maximum of R 36 000 per tax year and R 500 000 over your lifetime. This includes any tax-free investments you may have at different companies. It is your responsibility to ensure that you do not invest more than this maximum, across all product providers.
Transfer an existing tax-free investment to us
You can transfer a tax-free investment from another financial services provider to us. If you do not have an MinervaTax-Free Investment the minimum transfer amount is R36 000, or any amount above R1 000 together with an ongoing debit order of at least R1 000 per month. If you have an existing tax-free investment with us the minimum transfer amount is R1 000.
Save for your child’s education
Saving for your child’s education using unit trusts gives you control over your investment: you decide how to invest, when to access the money and what to do with it, based on which years of education you are planning for.
You benefit from our investment expertise
We will carefully manage your chosen unit trust investments following our proven investment philosophy. To build your long-term wealth with us, you can invest monthly or start with a lump sum, subject to our minimums.
You get choice and control
You can choose a unit trust that suits your needs and time horizon. While you can monitor your investment and make changes at any time without transaction fees or penalties, we encourage long-term investing.
You see your investment grow
Unit trusts give you the transparency of knowing how your money is invested and seeing how it is growing.
Transfer your existing retirement savings
You can transfer your savings from your employer’s retirement fund, or from another fund, to one of our retirement funds: the Minerva Pension Preservation or Provident Preservation Funds or the Minerva Retirement Annuity Fund. Within the retirement fund, your investment will be invested into your choice of unit trusts.Keep your tax benefits
You keep the tax benefits of your original fund and your investment return is not taxed.
You get choice and control
You choose from our simple range of unit trusts and you can change your selection when you need to, without transaction fees or penalties.
What to consider when transferring your retirement savings
- The conditions and restrictions of your original fund, which determine your access to your money before and at retirement, still apply when you transfer.
- When you retire you can only withdraw up to one-third of your investment as cash. The rest must be transferred to a product that can provide you with retirement income. Your original fund’s rules may have different, or additional, restrictions in place.
- You cannot add to your retirement savings in a preservation fund. If you want to continue adding to your retirement savings, you can separately start another investment, such as a retirement annuity.
- Your investment must comply with prescribed legal investment limits, which limit how much you can invest in the types of investments that are considered higher risk, for example equities or offshore investments.
Get an income during retirement
Invest your retirement savings and draw an income, sometimes referred to as a pension, with the Minerva Living Annuity. Your investment is into your choice of unit trusts.
You choose your income
You can choose how much income to withdraw, within the legal limits. You can change your income amount and frequency every year.
You get choice and control
You choose from our simple range of unit trusts and you can change your selection when you need to, without transaction fees or penalties.
You can appoint beneficiaries
Any money left in your living annuity when you die can be left to your beneficiaries and can be paid immediately, without waiting for your estate to be wound up.
Reasons a living annuity may not be suitable for you
- Your income is not guaranteed. It depends on your investment value and the return you earn. If your investment value drops, or you do not earn enough return, you may need to draw a lower income than you would like.
- If you withdraw too high an income, your investment might not last.
- Investment performance fluctuates over the short to medium term. You take on the risk that your investment will not perform as you expect.
Retirement saving solutions for your staff
Attracting and retaining staff is a key challenge for most employers and offering a retirement savings solution is an essential part of any employer's value proposition.
Let us help you and your employees get the best chance of achieving a comfortable retirement. Choose an option that best suits your needs:
The Minerva Umbrella Retirement Fund
You can use unit trusts to save for your retirement. You can invest directly into unit trusts, or you can invest in unit trusts via our retirement annuity. A retirement annuity gives you tax savings and a measure of protection, but comes with some restrictions.The Minerva Umbrella Retirement Fund (the Umbrella Retirement Fund) gives you an umbrella fund done the Minerva way. It is simple, transparent, flexible and cost-effective. By joining our Umbrella Retirement Fund, you remove the administrative headache and expense of managing your own retirement fund and get to focus on running your business.
Let us help you and your employees get the best chance of achieving a comfortable retirement.
Access to experienced investment managers
Our Umbrella Retirement Fund offers you and your employees access to Minerva portfolios and a selection of portfolios from the best investment managers in South Africa, at competitive fees.
Transparency and value for money
The Umbrella Retirement Fund has a simple and transparent fee structure, which means that you and your employees have clear sight of contributions, returns and charges. Contributions are used for their intended purpose: saving for retirement. Members benefit from competitive administration and investment management fees and there are no hidden costs.
Benefits for employers
Simplified administration and personalised service
Our dedicated support specialists are available to assist you with transfers from your existing retirement fund, if applicable, and with setting up and managing your Umbrella Retirement Fund.
o governance responsibilities
The administration, governance and compliance duties are undertaken by a board of trustees that is appointed by Allan Gray. The trustees are responsible for making sure that the Fund is well run, leaving you free to concentrate on running your business.
Value for money
The costs of running the Fund are spread across all participating employers, resulting in cost savings. The assets of all the schemes in the Fund are combined, which allows Minerva to negotiate the best possible investment management fees for members.
Access to experienced investment managers
You can choose one of our two trustee-approved default investment strategies as the default option for your employees. Employees can opt out of the default if they feel it is unsuitable for them and choose from a selection of Minerva portfolios and portfolios from the best investment managers in South Africa.
Benefits for members
Tax efficiency
Becoming a member of the Fund is a tax-efficient way to save for retirement, as a portion of a member’s contribution is tax deductible. Members do not pay tax on any interest or dividends earned in the Fund. Any capital gain realised is excluded from capital gains tax.
Online access and client support
We provide each employee with their own secure online account where they can monitor and manage their investment and our Client Service Centre is available to assist your employees with any questions.
Preservation is easy
If an employee leaves your organisation, they can preserve their savings within the Fund. In this way retirement savings can be kept for their intended purpose: to provide for a dignified retirement for the individual. While these members cannot continue contributing, they can change their investment portfolios as they need to, transfer their benefit to another provider or withdraw all or part of their benefit at any time.
Flexibility at retirement
When they retire from the Fund, members will receive retirement benefit counselling, which will introduce them to the Fund’s annuity strategies. Members can opt for one of these strategies if it meets their needs and objectives or they can opt for a product from a different provider that will pay them an income in retirement. Members can also choose to take up to one-third of their investment as cash; the rest must be used to purchase a retirement income product. Alternatively, members can preserve their money in the Fund until they are ready to retire.
The Minerva Group Retirement Annuity
The Minerva Group Retirement Annuity system is an efficient retirement savings solution for you and your employees.Individual unit trust-based retirement annuities are managed on a group basis, with minimal administration requirements for you, while your employees get all the benefits of having their own retirement annuity, including tax advantages, control of their investment choices, flexibility and portability.
Simplified administration
We take care of all the fund administration and provide a convenient online system for you to manage your employees’ contributions. You also get access to a direct point of contact to assist you.
Value for money
When you invest in Minerva unit trusts we only charge fees within our unit trusts, which are already deducted from the return your employees see. There are no fees for using our group retirement annuity system.
Employee engagement
We communicate directly with all employees, including sending them their investment statements. They can also access their statements, reports and articles of interest online at any time. We provide training and investor education on request.
Reasons a group retirement annuity may not be suitable for your business
- Employees cannot take their full benefit as cash when they retire after 55. Employees can only take up to one-third as cash. The rest must be used to purchase an investment product that will provide a retirement income.
- Employees cannot take a full or partial withdrawal when they leave their employer. This is different to traditional arrangements and may mean no access to cash at a time when some cash may be useful to the individual
Short Term Insurance
We provide a diverse range of general insurance products and services in southern AfricaPersonal Insurance
You can invest in unit trusts for most of your investment goals, from saving for longer-term objectives, to meeting your shorter-term needs.Household Contents Insurance
Minerva Consulting can arrange cover options that will suit your lifestyle, helps you assess the correct replacement value of your Contents through our broker network to ensure that your valuables are sufficiently covered.
Building Insurance
We can arrange comprehensive building insurance offering considers all the risk scenarios that your home or buildings are exposed to and helps you find the most appropriate solution for your home.
All Risk Insurance
Clothing and personal effects – the clothes you wear, as well as the personal items you carry with you, including personal sporting equipment; and specified items – items that need to be specified for cover, based on their correct value. This includes keys, locks, remote control units, certain collections, bicycles, laptops, tablets and cellphones. All specified items will be reflected in your policy.
Business Insurance
You can use unit trusts to save for your retirement. You can invest directly into unit trusts, or you can invest in unit trusts via our retirement annuity. A retirement annuity gives you tax savings and a measure of protection, but comes with some restrictions.Buildings And Office
From damages, to theft, loss, legal liability and more, we provide comprehensive insurance cover for all your building and office related concerns, We can also include you cellphones and Laptops.
Transport Insurance
Insurance cover for all transport related requirements including truck and motor fleet, plant equipment, trailers, agricultural vehicles, Good-in-transit Insurance and more.
- Taxi Insurance: We can arrange insurance for traditional minibus taxi services, shuttle services, e-hailing platforms like Uber and Bolt (Taxify) Meter Taxi , no matter the vehicle type.
- Taxi Finance :Minerva is not a Registered Credit Provider, we can however assist you in the application of you TAXI finance.
Engineering Insurance
We provide insurance cover for all aspects of engineering from professional liability, to machinery breakdown and Contractors All Risk (CAR) and Plant All Risk (CAR)
Warehousing And Stock
From damage due to natural disasters, to accidental damage, contamination, deterioration and theft, we provide customised insurance cover for your specific needs.
Natural Disasters, Accidental Damage And Theft
Our customised insurance solutions include all natural disasters applicable to your area, as well as loss due to accidental damage or theft.
Public Liability
Our liability insurance solutions cover every conceivable concern from pollution, to products, employees, stock, warehousing, transport, defamation, loss, advertising, and much more.
Professional Indemnity
Personalized professional indemnity cover that insures you, your staff, contractors and your business against all losses relating to negligence and malpractice of any sort.
Plant And Machinery Insurance
We can arrange insurance for you plant and machinery especially. Clients can select to cover technical plant and equipment malfunction option. This applies to both when they are under construction and in operation.
Tailored Insurance
Insurance For All Types Of Medical Practices Insurance
We can arrange insurance for General Practitioners, Optometrists, Dental Practitioners, and other medical specialists
Group Funeral Insurance
We can arrange funeral cover for a group of employees, Funeral parlours, Churches and burial societies and many others
Agricultural insurance
Effective risk management is key. This means understanding the complexity of the industry and, with it, the need for a range of insurance solutions that adequately address enhanced production and technology.
This is where Minerva can make a real difference: We help farmers and producers create a sustainable future. With our professional experience, a countrywide infrastructure and the position of market leader, we offer the best insurance solutions for your crops and assets.
Risk
Our risk solutions provide financial security in the case of unexpected events, such as death or being unable to work. Minerva's range of risk products enables clients to obtain transparent, low cost risk cover.Lump Sum Cover
Lump sum cover provides insurance against unforeseen events like death or disability.
Benefits
Features
Income Cover
Income cover provides protection against factors that may impact on clients’ ability to earn an income.
For most of your clients, their income is the biggest asset they need to protect. Income Cover products provide the ideal solution to this need, as the cover amount is expressed as a monthly income to exactly match the requirement, with long-term inflation protection available as well.
Clients can also protect their income against temporary inability to work.
Benefits
Features
Pays tax-free monthly income when client is:
Funeral Cover
Funeral Cover enables clients to afford a dignified funeral for themselves and their families.
Benefits
Features
We would be happy to discuss your individual circumstances and tailor the Minerva offerings to suit your needs
Call us today