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Sanlam glacier investment plan

ПРЕДУПРЕЖДЕНИЕ: Сеанс регистрации можно продолжить, только если браузер сконфигурирован, так чтобы было разрешено принимать файлы Cookie. ПРЕДУПРЕЖДЕНИЕ: Sanlam glacier investment plan регистрации можно продолжить, только если браузер сконфигурирован, так чтобы было разрешено принимать файлы Cookie. ПРЕДУПРЕЖДЕНИЕ: Сеанс регистрации можно продолжить, только если браузер сконфигурирован, так чтобы было разрешено принимать файлы Cookie.

ПРЕДУПРЕЖДЕНИЕ: Сеанс регистрации можно продолжить, только если браузер сконфигурирован, так чтобы было разрешено принимать файлы Cookie. Sanlam Reality now rewards Santam policyholders! What can I find on Sanport? Become a Sanlam intermediary Find out what Sanlam requires from you, and how you can reap the rewards of working with Sanlam. The plaintiff Mr M and the defendant Mrs M are in the midst of divorce proceedings. They were married on 4 December 1999 out of community of property subject to the accrual system as defined in the Matrimonial Property Act No 88 of 1984.

The purpose of a marriage out of community of property with the accrual is that the asset growth accumulated during the marriage will be shared equally on divorce or death. The parties have agreed that a living annuity is not a pension interest as defined in the Divorce Act No 70 of 1979. The defendant contends that the living annuity forms part of the plaintiff’s estate whilst he contends the contrary. The history of the plaintiff’s acquisition of the living annuity is as follows. In July 2008 the plaintiff used a portion of his pension benefit which arose out of his employment to purchase a living annuity with the company Glacier under investment plan No 002419307.

The annuitant can for example choose an income from a range between 2. The plaintiff led the testimony of Mr Hunter Thyne who is an attorney specialising in Pension Fund Law and has drafted the documents for the Investec Living Annuity. In a retirement annuity fund a member becomes unconditionally entitled to a living annuity, meaning he has a right to the annuity and not to the capital. He testified that the living annuity has a notional capital value and the capital is owned by the Insurer and is reflected on the Insurer’s balance sheet. Mr Thyne referred to the constraints placed on living annuities in terms of General Notice 18 the Second Schedule to the Income Tax Act.

The individual annuitant never has a call on the capital but only a call on an income derived from the value of what he described as the Insurer’s capital. That income currently is between 2. In this case the source of the living annuity was the plaintiff’s retirement from the pension fund. The definition of a living annuity is the right of a former member of a pension fund to an annuity and the amount of the annuity is determined in accordance with a method or formula prescribed by the Minister by Notice in the Gazette.