Guaranteed monthly returns over a five-year investment period

Absa’s Guaranteed Outcomes product offers both income guarantees and capital growth. Both options require a five-year investment cycle and you can choose to make use of either option in isolation or as a combination.

The benefit of this investment vehicle is that it provides certainty regarding income receivable over the duration of the minimum five-year investment period.

What is it?

The Guaranteed Outcome product is a single premium linked endowment policy providing a single premium linked term-certain annuity policy, providing a guaranteed monthly income over the five-year investment period. It is underwritten by African Unity Life Limited (FSP No. 8447) and administered by Absa Investment Management Services (FSP No. 524), both registered financial services providers.

Returns are guaranteed

Absa Bank Limited stands as the guarantor in this regard

Investment may be ceded

Outright or collateral cessions are allowed

Cooling off period

OA 30-day cooling-off period applies to this investment policy

What can it do for me?

Earning a guaranteed monthly income from this particular investment allows you to optimise your future financial well-being by having access to extra funds that can be reinvested. You could also protect your existing capital by using this additional income for your daily expenses.

Provide a tax advantage

Tax is payable in the hands of the policyholder at their marginal tax rate

Offer lower fees

Commission payable on this product is set at a maximum of 1.5% plus VAT

Protect your capital

Use these added funds for daily expenses as opposed to dipping into your nest egg

What does it cost?

Minimal fees apply to the Guaranteed Outcomes investment vehicle. In addition to the below information we encourage you to refer to the Absa Guaranteed Investment Plan for Individuals and Trusts application form for details relating to documentation required, product account details, timing standards and product terms and conditions.

Minimum investment

Minimum Lump sum investment over a minimum of five-years R 150 000
Fees and charges

Subject to a commission fee of up to 1.5% plus VAT
Tax implications

In terms of the current Income Tax Act, tax is payable in the hands of the policyholder at their marginal tax rate. The insurer is obliged to deduct income tax from the taxable portion of the Income policy, should this amount be above the tax threshold, and pay this over to the South African Revenue Services.

Download our investment application form

1. Download our investment application form.

2. Complete the form and gather the required documentation.

3. Fax the documents to 0861 339 265 or email them to applications@absainvestments.co.za