10X INVESTMENTS

High fees can cost you 40% of your retirement. Fees are the single most reliable predictor of your investment’s performance. While the industry charges an average of 3%, 10X always charges less than 1% before VAT. Paying a more expensive fee compounds over time, and could mean you end up with 40% less money when you retire.

MY 10X

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My 10X

MY 10X

My 10X

WHAT SHOULD I DO WITH MY MATURED RETIREMENT ANNUITY? Firstly, you can cash in your retirement annuity, in which case you would have to buy an annuity (living or guaranteed) with at least R400 000. If you are still working, you may not need this annuity income, plus it will be taxed at your highest marginal tax rate, so this is IS IT LEGAL FOR MY EMPLOYER TO WITHHOLD PAYOUT OF MY FUND? Answer: Gareth, In terms of section 37D (b) (ii) of the Pension Funds Act, a fund may deduct from a member’s benefit payable in terms of the rules of the fund, any amount in respect of damages caused to the employer by the member as a result of theft, fraud, dishonesty or misconduct, provided: • the member has admitted liability in

writing, or.

WHAT HAPPENS TO MY LIVING ANNUITY WHEN I DIE? Your beneficiary (ies) can elect to receive the residual value as a lump sum or as an annuity or a combination of a cash lump sum and annuity. Your living annuity will ONLY fall within your deceased estate and be subject to your Will if you do not nominate any beneficiary (ies) or if your beneficiary (ies) cannot be traced. The

information and

WHAT ARE THE CONSEQUENCES OF CANCELING MY RETIREMENT ANNUITY? Answer: Lisa, If you cancel the policy before maturity date (normally in the year you turn 55), the policy will be made "paid-up". You may incur an early termination charge (an accelerated recovery of upfront fees), although the closer you are to maturity date, the lower CAN I TAKE ONE-THIRD AS CASH FROM EACH OF MY RETIREMENT Answer: Andrew, You can take one-third of each as cash. The R500 000 limit refers only to the amount that can be taken tax-free. The retirement lump sum tax table - applied cumulatively - provides as follows: the first R500 000 is not taxed, the balance to R700 000 is taxed at 18%, the balance to R1 050 000 at 27% and any amounts above

that at 36%.

CAN A PENSION FUND BE TRANSFERRED TO A PRESERVATION FUND? Answer: Les, No, it cannot, because the Income Tax Act does not allow this. Paragraph (a) of the definition of pension preservation fund in the Income Tax Act No. 58 of 1962 provides that membership of the fund consists of former members of a pension fund whose membership of that fund has terminated due to: - resignation, retrenchment or

10X INVESTMENTS

High fees can cost you 40% of your retirement. Fees are the single most reliable predictor of your investment’s performance. While the industry charges an average of 3%, 10X always charges less than 1% before VAT. Paying a more expensive fee compounds over time, and could mean you end up with 40% less money when you retire.

MY 10X

Welcome to My10X, our new member portal. Logging in is secure and easy. Enter your ID number and we'll send you a One-Time PIN. Read

more.

MY 10X

My 10X

MY 10X

My 10X

WHAT SHOULD I DO WITH MY MATURED RETIREMENT ANNUITY? Firstly, you can cash in your retirement annuity, in which case you would have to buy an annuity (living or guaranteed) with at least R400 000. If you are still working, you may not need this annuity income, plus it will be taxed at your highest marginal tax rate, so this is IS IT LEGAL FOR MY EMPLOYER TO WITHHOLD PAYOUT OF MY FUND? Answer: Gareth, In terms of section 37D (b) (ii) of the Pension Funds Act, a fund may deduct from a member’s benefit payable in terms of the rules of the fund, any amount in respect of damages caused to the employer by the member as a result of theft, fraud, dishonesty or misconduct, provided: • the member has admitted liability in

writing, or.

WHAT HAPPENS TO MY LIVING ANNUITY WHEN I DIE? Your beneficiary (ies) can elect to receive the residual value as a lump sum or as an annuity or a combination of a cash lump sum and annuity. Your living annuity will ONLY fall within your deceased estate and be subject to your Will if you do not nominate any beneficiary (ies) or if your beneficiary (ies) cannot be traced. The

information and

WHAT ARE THE CONSEQUENCES OF CANCELING MY RETIREMENT ANNUITY? Answer: Lisa, If you cancel the policy before maturity date (normally in the year you turn 55), the policy will be made "paid-up". You may incur an early termination charge (an accelerated recovery of upfront fees), although the closer you are to maturity date, the lower CAN I TAKE ONE-THIRD AS CASH FROM EACH OF MY RETIREMENT Answer: Andrew, You can take one-third of each as cash. The R500 000 limit refers only to the amount that can be taken tax-free. The retirement lump sum tax table - applied cumulatively - provides as follows: the first R500 000 is not taxed, the balance to R700 000 is taxed at 18%, the balance to R1 050 000 at 27% and any amounts above

that at 36%.

CAN A PENSION FUND BE TRANSFERRED TO A PRESERVATION FUND? Answer: Les, No, it cannot, because the Income Tax Act does not allow this. Paragraph (a) of the definition of pension preservation fund in the Income Tax Act No. 58 of 1962 provides that membership of the fund consists of former members of a pension fund whose membership of that fund has terminated due to: - resignation, retrenchment or

MY 10X

Welcome to My10X, our new member portal. Logging in is secure and easy. Enter your ID number and we'll send you a One-Time PIN. Read

more.

MY 10X

My 10X

WHAT ARE THE BENEFITS FOR TOPPING UP A RETIREMENT ANNUITY? Topping up your retirement annuity makes sense for a number of reasons: Firstly, you increase the absolute amount of your savings; as you may only access your retirement annuity savings at retirement (earliest age 55), this means you should receive a higher income in retirement (you have to convert two-thirds of your retirement annuity

into an

CAN I WITHDRAW MY RETIREMENT ANNUITY TAX-FREE PORTION? Answer: Theresa, There is no one-third tax-free portion. You are allowed to take one-third of each retirement annuity as a cash lump sum. All cash lump sums are taxed (in aggregate) per the retirement cash lump sum tax table. This provides that you can get the first R315 000 of all your retirement annuity tax free, the next R315 000 is

taxed at

HOW DOES CHANGING JOBS AFFECT YOUR RETIREMENT PLANNING? If your new employer does offer a retirement fund, and you are eligible to join, then you are required by law to join that fund. You will have to assess whether the contribution rate at your new employer is appropriate. You should strive to save at least 15% of income. If your new employer offers investment choice, you must ensure that your WHEN CAN I CASH IN MY RETIREMENT ANNUITY IN FULL? Answer: John, The basic rule is that if you have a retirement annuity with a fund value less than R75 000 (when you choose to retire from the retirement annuity after age 55) then you are allowed to cash in the full amount. This does not apply if you have multiple retirement annuities however, with a HOW WILL SARS TAX MY SEVERANCE PACKAGE? If SARS does not recognise the scheme, your severance package will be taxed as income and your retirement fund pay-out as per the withdrawal lump sum tax table: the first R25 000 is not taxed, the balance to R660 000 is taxed at 18%, the balance to R990 000 at 27% and the remainder at 36%. We have not heard of hypothetical tax. CAN I BORROW MONEY FROM MY PENSION FUND? Question: Good evening, I urgently need to know can I borrow money from my pension fund to settle my debt or, alternatively, is there is a company that will borrow me money and have me sign a cession for the amount borrowed, to be repaid once I retire. CAN A PENSION FUND BE TRANSFERRED TO A PRESERVATION FUND? Answer: Les, No, it cannot, because the Income Tax Act does not allow this. Paragraph (a) of the definition of pension preservation fund in the Income Tax Act No. 58 of 1962 provides that membership of the fund consists of former members of a pension fund whose membership of that fund has terminated due to: - resignation, retrenchment or AM I ABLE TO DRAW UIF AT 65 YEARS OF AGE? The more you draw down the faster you will deplete your capital and you risk outliving your savings. To secure an income for life, you would have to buy a guaranteed annuity. However, a fully-inflation linked annuity for a 65 year-old unmarried woman only pays out around R1 800 per month at present, or R3 150 per month for an annuity that

does

10X INVESTMENTS

High fees can cost you 40% of your retirement. Fees are the single most reliable predictor of your investment’s performance. While the industry charges an average of 3%, 10X always charges less than 1% before VAT. Paying a more expensive fee compounds over time, and could mean you end up with 40% less money when you retire.

MY 10X

Welcome to My10X, our new member portal. Logging in is secure and easy. Enter your ID number and we'll send you a One-Time PIN. Read

more.

MY 10X

My 10X

OUR PERFORMANCE

4.6%. 4.7%. 5.1%. Source: 10X Investments, StatsSA. Our performance. Beating the big fry since day one. Read more. We’re often asked how we compare to the industry’s biggest players, because the perception is that size matters and that large asset managers deliver better

returns.

MY 10X

My 10X

HOW IS A LIVING ANNUITY TAXED? Your living annuity income is taxed according to the prevailing personal income tax table, assuming that this is your only income. However, if you provide 10X with a SARS tax directive, income tax will be deducted accordingly. Retirement lump sum tax may be incurred when: a beneficiary elects to receive their death benefit as a cash lump

sum.

WHAT IS NON-PENSIONABLE INCOME? What is non-pensionable income? Pensionable income is the income used by your employer to calculate your pension or provident fund contribution. This income will typically include any fixed remuneration (e.g. salary or wages) but may exclude variable amounts such as commissions, bonuses and overtime. IS MY RETIREMENT ANNUITY SAFEGUARDED AGAINST CREDITORS? In other words, only R3 000 may be deducted from your retirement annuity in order to pay creditors. That is the rule regarding a debt judgment against you. In terms of S37B, pension assets do not form part of an insolvent estate. In other words, the full amount of your

Fund

WHY DOES PENSION FUND PAY-OUT TAKING SO LONG TO BE FINALISED? Answer: Logan, When you withdraw or retire from your employer's pension fund, and opt to receive a portion as a cash lump sum, the administrator must revert to SARS for a tax directive. The reason for this is that lump sums are taxed on either the withdrawal or retirement lump sum tax table. These tables are applied on the cumulative amount of HOW WILL SARS TAX MY SEVERANCE PACKAGE? If SARS does not recognise the scheme, your severance package will be taxed as income and your retirement fund pay-out as per the withdrawal lump sum tax table: the first R25 000 is not taxed, the balance to R660 000 is taxed at 18%, the balance to R990 000 at 27% and the remainder at 36%. We have not heard of hypothetical tax.

10X INVESTMENTS

High fees can cost you 40% of your retirement. Fees are the single most reliable predictor of your investment’s performance. While the industry charges an average of 3%, 10X always charges less than 1% before VAT. Paying a more expensive fee compounds over time, and could mean you end up with 40% less money when you retire.

MY 10X

Welcome to My10X, our new member portal. Logging in is secure and easy. Enter your ID number and we'll send you a One-Time PIN. Read

more.

MY 10X

My 10X

OUR PERFORMANCE

4.6%. 4.7%. 5.1%. Source: 10X Investments, StatsSA. Our performance. Beating the big fry since day one. Read more. We’re often asked how we compare to the industry’s biggest players, because the perception is that size matters and that large asset managers deliver better

returns.

MY 10X

My 10X

HOW IS A LIVING ANNUITY TAXED? Your living annuity income is taxed according to the prevailing personal income tax table, assuming that this is your only income. However, if you provide 10X with a SARS tax directive, income tax will be deducted accordingly. Retirement lump sum tax may be incurred when: a beneficiary elects to receive their death benefit as a cash lump

sum.

WHAT IS NON-PENSIONABLE INCOME? What is non-pensionable income? Pensionable income is the income used by your employer to calculate your pension or provident fund contribution. This income will typically include any fixed remuneration (e.g. salary or wages) but may exclude variable amounts such as commissions, bonuses and overtime. IS MY RETIREMENT ANNUITY SAFEGUARDED AGAINST CREDITORS? In other words, only R3 000 may be deducted from your retirement annuity in order to pay creditors. That is the rule regarding a debt judgment against you. In terms of S37B, pension assets do not form part of an insolvent estate. In other words, the full amount of your

Fund

WHY DOES PENSION FUND PAY-OUT TAKING SO LONG TO BE FINALISED? Answer: Logan, When you withdraw or retire from your employer's pension fund, and opt to receive a portion as a cash lump sum, the administrator must revert to SARS for a tax directive. The reason for this is that lump sums are taxed on either the withdrawal or retirement lump sum tax table. These tables are applied on the cumulative amount of HOW WILL SARS TAX MY SEVERANCE PACKAGE? If SARS does not recognise the scheme, your severance package will be taxed as income and your retirement fund pay-out as per the withdrawal lump sum tax table: the first R25 000 is not taxed, the balance to R660 000 is taxed at 18%, the balance to R990 000 at 27% and the remainder at 36%. We have not heard of hypothetical tax.

LIVING ANNUITY

The more you pay in fees, the sooner your savings will run out. At 10X, our maximum fee for Living Annuities is 0.86%. The industry average is 3%. Saving 2% might not sound like a big difference, but as you can see in the graph, it can add years of income to your retirement - regardless of which investment portfolio you choose .

Watch the video.

RETIREMENT ANNUITY

Retirement annuities get you saving consistently, and they come with tax benefits. But to give yourself the best chance of retiring comfortably, you should also do these three things: save the right amount each month, invest in a portfolio appropriate to your life stage, and keep your fees as low as possible.

MY 10X

My 10X

UNDERSTANDING THE RETIREMENT FUND DEATH BENEFIT The payment of death benefits from a Pension, Provident or Retirement annuity fund is regulated by section 37C of the Pension Funds Act 24 of 1956. When a member dies and a claim is made, the trustees of the fund must follow the requirements as set out in the Act and cannot merely follow the beneficiary nomination which was made by the member. WHY DOES PENSION FUND PAY-OUT TAKING SO LONG TO BE FINALISED? Answer: Logan, When you withdraw or retire from your employer's pension fund, and opt to receive a portion as a cash lump sum, the administrator must revert to SARS for a tax directive. The reason for this is that lump sums are taxed on either the withdrawal or retirement lump sum tax table. These tables are applied on the cumulative amount of HOW MUCH INTEREST WILL MY INVESTMENT EARN? Factually, however, you can presently expect to earn interest of around 5%-6% pa (say 5,5%) which would equate to around R5 500 pm (before tax) on R1,2m. This rate only just matches the current inflation rate. Cash is a safe but low-return investment, and if you spend the interest, the capital value's purchasing power will erode

over time.

WHEN CAN I CASH IN MY RETIREMENT ANNUITY IN FULL? Answer: John, The basic rule is that if you have a retirement annuity with a fund value less than R75 000 (when you choose to retire from the retirement annuity after age 55) then you are allowed to cash in the full amount. This does not apply if you have multiple retirement annuities however, with a IS IT LEGAL FOR MY EMPLOYER TO WITHHOLD PAYOUT OF MY FUND? Answer: Gareth, In terms of section 37D (b) (ii) of the Pension Funds Act, a fund may deduct from a member’s benefit payable in terms of the rules of the fund, any amount in respect of damages caused to the employer by the member as a result of theft, fraud, dishonesty or misconduct, provided: • the member has admitted liability in

writing, or.

WHAT ARE THE DIFFERENCES BETWEEN A PROVIDENT AND A PENSION Answer: Goodness, The two big differences between a pension and a provident fund relate to 1. the tax treatment of contributions and 2. the annuitisation requirement at retirement. Under current law, only the employer can claim a tax deduction for provident fund contributions. If employees contribute in their own name (ie not by

way of a salary

HOW DO I REACTIVATE A DECEASED MEMBER'S TAX NUMBER? Answer: Donna, You need to reactive your late father's tax number, so that they can issue a tax directive on his death benefit pay-out. To do so, you will probably have to go into a SARS branch, explain the situation, and bring the necessary supporting documents (old tax number, copy of ID, death certificate etc as requested by SARS).

10X INVESTMENTS

High fees can cost you 40% of your retirement. Fees are the single most reliable predictor of your investment’s performance. While the industry charges an average of 3%, 10X always charges less than 1% before VAT. Paying a more expensive fee compounds over time, and could mean you end up with 40% less money when you retire.

MY 10X

Welcome to My10X, our new member portal. Logging in is secure and easy. Enter your ID number and we'll send you a One-Time PIN. Read

more.

MY 10X

My 10X

MY 10X

My 10X

HOW MUCH TAX WILL BE DEDUCTED FROM MY RETIREMENT FUND? Answer: Cindy, Assuming you have not previously withdrawn from a retirement fund, you will be taxed as follows: 0% on the first R22 500; 18% on the balance to R600 000; 27% on the balance to R900 000; and 36% on all amounts above R900 000. If you have previously withdrawn, this will be considered (ie you cannot get the same

allowance twice).

HOW DOES CHANGING JOBS AFFECT YOUR RETIREMENT PLANNING? If your new employer does offer a retirement fund, and you are eligible to join, then you are required by law to join that fund. You will have to assess whether the contribution rate at your new employer is appropriate. You should strive to save at least 15% of income. If your new employer offers investment choice, you must ensure that your CAN I TAKE ONE-THIRD AS CASH FROM EACH OF MY RETIREMENT Answer: Andrew, You can take one-third of each as cash. The R500 000 limit refers only to the amount that can be taken tax-free. The retirement lump sum tax table - applied cumulatively - provides as follows: the first R500 000 is not taxed, the balance to R700 000 is taxed at 18%, the balance to R1 050 000 at 27% and any amounts above

that at 36%.

HOW DOES SURPLUS MONEY BECOME AVAILABLE AND WERE CAN IBUSINESS SURPLUS MEANINGECONOMIC SURPLUS MEANINGPRODUCER SURPLUS MEANING Question: how does surplus money become available and were can I claim it. Answer: Tshifhiwa, In a defined contribution fund the surplus (if any) constitutes the assets in excess of the total sum of the individual shares of the members. WHAT ARE THE CONSEQUENCES OF CANCELING MY RETIREMENT ANNUITY? Answer: Lisa, If you cancel the policy before maturity date (normally in the year you turn 55), the policy will be made "paid-up". You may incur an early termination charge (an accelerated recovery of upfront fees), although the closer you are to maturity date, the lower HOW DO I CONFIRM THAT MY EMPLOYER SUBMITTED PAPERS? Answer: Salome, Please direct queries of such a nature directly to the 10X administrator responsible for the Virgin Active fund. Our number in Cape Town is 021 412 1010. The information and answers supplied in this section do not constitute advice as defined by the

10X INVESTMENTS

High fees can cost you 40% of your retirement. Fees are the single most reliable predictor of your investment’s performance. While the industry charges an average of 3%, 10X always charges less than 1% before VAT. Paying a more expensive fee compounds over time, and could mean you end up with 40% less money when you retire.

MY 10X

Welcome to My10X, our new member portal. Logging in is secure and easy. Enter your ID number and we'll send you a One-Time PIN. Read

more.

MY 10X

My 10X

MY 10X

My 10X

HOW MUCH TAX WILL BE DEDUCTED FROM MY RETIREMENT FUND? Answer: Cindy, Assuming you have not previously withdrawn from a retirement fund, you will be taxed as follows: 0% on the first R22 500; 18% on the balance to R600 000; 27% on the balance to R900 000; and 36% on all amounts above R900 000. If you have previously withdrawn, this will be considered (ie you cannot get the same

allowance twice).

HOW DOES CHANGING JOBS AFFECT YOUR RETIREMENT PLANNING? If your new employer does offer a retirement fund, and you are eligible to join, then you are required by law to join that fund. You will have to assess whether the contribution rate at your new employer is appropriate. You should strive to save at least 15% of income. If your new employer offers investment choice, you must ensure that your CAN I TAKE ONE-THIRD AS CASH FROM EACH OF MY RETIREMENT Answer: Andrew, You can take one-third of each as cash. The R500 000 limit refers only to the amount that can be taken tax-free. The retirement lump sum tax table - applied cumulatively - provides as follows: the first R500 000 is not taxed, the balance to R700 000 is taxed at 18%, the balance to R1 050 000 at 27% and any amounts above

that at 36%.

HOW DOES SURPLUS MONEY BECOME AVAILABLE AND WERE CAN IBUSINESS SURPLUS MEANINGECONOMIC SURPLUS MEANINGPRODUCER SURPLUS MEANING Question: how does surplus money become available and were can I claim it. Answer: Tshifhiwa, In a defined contribution fund the surplus (if any) constitutes the assets in excess of the total sum of the individual shares of the members. WHAT ARE THE CONSEQUENCES OF CANCELING MY RETIREMENT ANNUITY? Answer: Lisa, If you cancel the policy before maturity date (normally in the year you turn 55), the policy will be made "paid-up". You may incur an early termination charge (an accelerated recovery of upfront fees), although the closer you are to maturity date, the lower HOW DO I CONFIRM THAT MY EMPLOYER SUBMITTED PAPERS? Answer: Salome, Please direct queries of such a nature directly to the 10X administrator responsible for the Virgin Active fund. Our number in Cape Town is 021 412 1010. The information and answers supplied in this section do not constitute advice as defined by the MY10X | 10X INVESTMENTS | SOUTH AFRICA Our consultants are available to lend a hand when you need it. You can easily reach us by clicking on “Help and Support” in the menu. Alternatively feel free to email clientsupport@10x.co.za or phone 021 412 1010. View all FAQ. HOW MUCH TAX WILL BE DEDUCTED FROM MY RETIREMENT FUND? Answer: Cindy, Assuming you have not previously withdrawn from a retirement fund, you will be taxed as follows: 0% on the first R22 500; 18% on the balance to R600 000; 27% on the balance to R900 000; and 36% on all amounts above R900 000. If you have previously withdrawn, this will be considered (ie you cannot get the same

allowance twice).

CAN I TRANSFER MY PENSION FUND TO MY NEW EMPLOYER? Pension fund withdrawal (pre-retirement) 1. You can transfer tax-free to your new employer's pension fund. 2. You can transfer tax-free to a pension preservation fund. 3. You can transfer tax-free to a retirement annuity fund. 4. You can withdraw fully or partially, and CAN I MAKE A WITHDRAWAL FROM MY PROVIDENT FUND? Answer: Nhlanhla, You can only "withdraw" your provident fund savings when you resign from the fund, which may happen when you leave your employer i.e. if your resign, or you are fired or retrenched. If you plan to stay with your current employer, you cannot access your retirement fund until you retire. The earliest you are allowed to

"retire

IS MY RETIREMENT ANNUITY SAFEGUARDED AGAINST CREDITORS? In other words, only R3 000 may be deducted from your retirement annuity in order to pay creditors. That is the rule regarding a debt judgment against you. In terms of S37B, pension assets do not form part of an insolvent estate. In other words, the full amount of your

Fund

IS IT LEGAL FOR MY EMPLOYER TO WITHHOLD PAYOUT OF MY FUND? Answer: Gareth, In terms of section 37D (b) (ii) of the Pension Funds Act, a fund may deduct from a member’s benefit payable in terms of the rules of the fund, any amount in respect of damages caused to the employer by the member as a result of theft, fraud, dishonesty or misconduct, provided: • the member has admitted liability in

writing, or.

IS THERE ANY WAY I CAN ACCESS OR BORROW THE FUNDS IN MY RA? Answer: We sympathise with your problems, but like everyone else in this industry, we cannot change the law. You cannot access your money until you turn 55 and you cannot borrow from the fund. The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of

2002.

WHAT ARE THE TAX IMPLICATIONS WHEN REINVESTING A In other words, only tax-deducted contributions and the income earned by your retirement annuity investment will be taxed, as per the lump sum tables and the personal income tax tables (for the annuity portion). In your case, there is a further complication as you appear to be a non-resident. South Africa has a "residence" basis for tax but

non

CAN I TAKE OUT A LOAN AGAINST MY PROVIDENT FUND? Answer: Mr (s) Molapisi, Your are only allowed to borrow money from your fund if this is permitted by your fund rules. Even then, the loan must be for very specific purpose, essentially housing related (to buy a home, pay off a bond, fund improvements etc). You need to check with your HR department to see whether you qualify for such a loan. CAN A PENSION FUND BE TRANSFERRED TO A PRESERVATION FUND? Answer: Les, No, it cannot, because the Income Tax Act does not allow this. Paragraph (a) of the definition of pension preservation fund in the Income Tax Act No. 58 of 1962 provides that membership of the fund consists of former members of a pension fund whose membership of that fund has terminated due to: - resignation, retrenchment or

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------------------------- Speak to a Retirement Expert I am saving for retirement I am changing jobs I am nearing retirement I am

retired

START YOUR RETIREMENT PLAN I am Age years old, I'm please select saving for retirement retired

changing jobs

and I currently have Retirement Amount saved for retirement. I am Age years old, I'm please select saving for retirement retired

changing jobs

and I earn a pre-tax monthly salary of Contribution I want a monthly income of Salary in my retirement and I want this income to last until I am Age years old. INVESTMENT VALUE AT RETIREMENT The after-inflation value of a R3,000 monthly contribution for 40 years, earning 6.5% real return pa. Paying the industry's average 3% fee, value is R3.1m. Paying 10X's 1% fee, value is R5m.

Low Fees

HIGH FEES CAN COST YOU 40% OF YOUR RETIREMENT Fees are the single most reliable predictor of your investment’s performance. While the industry charges an average of 3%, 10X always charges less than 1% before VAT. Paying a more expensive fee compounds over time, and could mean you end up with 40% less money when you

retire.

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*Alexander Forbes Global Manager Watch Best Investment View, December

2017

Superior Returns

OUR INDEX FUNDS OUTPERFORM THE BIG GUYS Trying to pick winning stocks usually fails. By tracking an index, we deliver higher returns than 80% of fund managers. Since inception 10 years ago, the 10X High Equity portfolio has outperformed the average return of large fund managers. * Read more about our performance

and

how we invest your money .

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Transparency

NO HIDDEN FEES, NO MUMBO JUMBO The industry charges multiple high fees, and likes to hide or obscure those fees from you. We charge a single low fee. And our statements are clear and simple, so you know what you’ve paid, made, and where you are in relation to your goals.

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DIRECT, LOW-COST INVESTING WE DON’T CHARGE FOR THINGS OTHERS MAKE YOU PAY FOR You don’t need an advisor to invest with us. Investing directly saves you money and grows your money more, every year. 10X’s lower fee also includes guidance, tools, calculators and a plan to get you and keep you on track for a comfortable retirement. And you can speak to one of our Retirement Experts any time. Apply online Contact me 10X INVESTMENTS MANAGES OVER R10BN IN ASSETS FOR INDUSTRY-LEADING

CLIENTS

NO ONE KNOWS US BETTER THAN OUR CLIENTS > “Finally the consumer has somewhere to go where they won’t feel > ripped off every time they make an investment in their

> retirement.”

> – Mike Smith

Read more client stories > “I feel a bit lost when it comes to all the small print. That’s > why I liked 10X’s sales pitch, it was simple and easy to

> understand.”

> – Vivian Deetlefs Read more client stories > “When I saw the 10X comparison report I nearly died! Without > having to commit a crime, I could have nearly R2million more for my

> retirement!”

> – Liezel Nicholas Read more client stories > “Finally the consumer has somewhere to go where they won’t feel > ripped off every time they make an investment in their

> retirement.”

> – Mike Smith

Read more client stories > “I feel a bit lost when it comes to all the small print. That’s > why I liked 10X’s sales pitch, it was simple and easy to

> understand.”

> – Vivian Deetlefs Read more client stories > “When I saw the 10X comparison report I nearly died! Without > having to commit a crime, I could have nearly R2million more for my

> retirement!”

> – Liezel Nicholas Read more client stories > “Finally the consumer has somewhere to go where they won’t feel > ripped off every time they make an investment in their

> retirement.”

> – Mike Smith

Read more client stories > “I feel a bit lost when it comes to all the small print. That’s > why I liked 10X’s sales pitch, it was simple and easy to

> understand.”

> – Vivian Deetlefs Read more client stories > “When I saw the 10X comparison report I nearly died! Without > having to commit a crime, I could have nearly R2million more for my

> retirement!”

> – Liezel Nicholas Read more client stories > “Finally the consumer has somewhere to go where they won’t feel > ripped off every time they make an investment in their

> retirement.”

> – Mike Smith

Read more client stories > “I feel a bit lost when it comes to all the small print. That’s > why I liked 10X’s sales pitch, it was simple and easy to

> understand.”

> – Vivian Deetlefs Read more client stories > “When I saw the 10X comparison report I nearly died! Without > having to commit a crime, I could have nearly R2million more for my

> retirement!”

> – Liezel Nicholas Read more client stories > “Finally the consumer has somewhere to go where they won’t feel > ripped off every time they make an investment in their

> retirement.”

> – Mike Smith

Read more client stories > “I feel a bit lost when it comes to all the small print. That’s > why I liked 10X’s sales pitch, it was simple and easy to

> understand.”

> – Vivian Deetlefs Read more client stories > “When I saw the 10X comparison report I nearly died! Without > having to commit a crime, I could have nearly R2million more for my

> retirement!”

> – Liezel Nicholas Read more client stories READY TO SWITCH TO 10X TODAY? Apply online Contact me

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10X Investments is a licensed Financial Services Provider #28250 and S13B Pension Funds Administrator #24/444. The information on our website does not constitute advice as defined

by the FAIS Act.

EMAIL QUOTE

Client Name Client Email Send LET US CALL YOU BACK One of our retirement experts will get back to you soon. (Usually within 24 hours) Full Name Contact Number Email Address What product are you interested in? Retirement Annuity Living Annuity Preservation Fund Unit Trust Institutional Not sure

Are you retired?

Yes No How much money are you looking to invest? R0 - R150k R150k -

R1m R1m - R5m R5m +

What Institutional products are you interested in? Corporate Retirement Funds Institutional Investments What is your company name? What is the approximate value of the fund / asset? How many employees do you have? Please select… Less than 50 51 – 300 300 + Call me

back

------------------------- Already a 10X customer? Use our existing customer contact form

to get in touch.

10X CALCULATOR ASSUMPTIONS & DISCLAIMERS * Fees are the only difference between the “Industry” and 10X

projections.

* The fees used in the projections are inclusive of VAT. The investment referred to as “Industry” is assumed to charge total fees of 3% including VAT per annum. Morningstar’s Global Fund Investor Experience 2015 study shows that the average total expense ratio is 1.63% pa (which includes investment and performance fees), with the cost of advice and an administration platform adding an additional 1% to 1.5% pa. The investment with 10X assumes a total fee of 1% including VAT per annum and that the client comes directly to 10X (i.e. no advisor fee). This is the maximum investment fee charged

by 10X.

* The calculator assumes the you save 10% of the salary you input and that this grows annually in line with inflation. * The investment term and savings period is assumed to be from your current age to age 65, unless you are over 55. If you are over 55 the investment term is assumed to be 20 years. * Your projected investment value is shown in real terms (today's money). This means we have shown what future values would be worth today, once we have stripped out inflation. * The projected average and poor investment returns are based on historic market returns after inflation from 1900 to 2017. Historically over your savings period, one in four outcomes have been worse than the outcome shown under poor returns and three in four have been better. The projections therefore account for historical market

fluctuations.

* The projections are based on the 10X High Equity portfolio, which is designed for investors with an investment term of 5 years and longer. The portfolio may be highly volatile over shorter periods. * The projections do not account for tax in any way. * The projections shown are based on information provided by you regarding your financial situation. 10X Investments does not in any way guarantee the projected benefits shown; we offer these projections merely to assist you in your financial planning. Although our projections take account of the historical returns earned in the South African and International markets, future market returns are uncertain. Past performance does not guarantee nor indicate future

results.

* The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. ------------------------- 10X Investments is a licensed Financial Services Provider #28250 and S13B Funds Administrator #24/444. The information on our website does not constitute advice as defined by the FAIS Act. � 2018 10X Investments (Pty) Ltd. All Rights Reserved. EFFECTIVE ANNUAL CHARGE

CHARGES

1 YEAR

3 YEARS

5 YEARS

10 YEARS

Investment Management made up of:

1.0%

1.0%

1.0%

1.0%

10X Management Fee (Incl. VAT)

0.57%

Bank, Audit, Trustee/Custody fees

0.16%

Transaction Costs

0.3%

Advice1

0.0%

0.0%

0.0%

0.0%

Administration

0.0%

0.0%

0.0%

0.0%

OTHER COSTS

0.0%

0.0%

0.0%

0.0%

EAC (SUM OF CHARGES)

1.0%

1.0%

1.0%

1.0%

10X CALCULATOR ASSUMPTIONS & DISCLAIMERS * Fees are the only difference between the “Industry” and 10X

projections.

* The fees used in the projections are inclusive of VAT. The investment referred to as “Industry” is assumed to charge total fees of 3% including VAT per annum. Morningstar’s Global Fund Investor Experience 2015 study shows that the average total expense ratio is 1.63% pa (which includes investment and performance fees), with the cost of advice and an administration platform adding an additional 1% to 1.5% pa. The investment with 10X is assumed to charge a fee according to the 10X Living Annuity scale. The maximum fee in this scale is 0.86% including VAT per annum. * Your projected income and investment value are shown in real terms (today's money). This means we have shown what future values would be worth today, once we have stripped out inflation. * The projected income in the first year will be equal to your desired income provided your annual income is between the regulatory limits of 2.5% and 17.5% of your investment value. Each year your projected income will keep pace with inflation, provided that it falls within these regulatory limits. The number of years that your projected income is able to keep pace with inflation without exceeding the regulatory cap of 17.5% is displayed on the outputs. * The projected average and poor investment returns are based on historic market returns after inflation from 1900 to 2017. These returns are based on the portfolio you selected (defaulted to 10X High Equity if your term exceeds 5 year). Historically over your savings period, one in four outcomes have been worse than the outcome shown under poor returns and three in four have been better. The projections therefore account for historical market fluctuations. * The projections shown are based on information provided by you regarding your financial situation. 10X Investments does not in any way guarantee the projected benefits shown; we offer these projections merely to assist you in your financial planning. Although our projections take account of the historical returns earned in the South African and International markets, future market returns are uncertain. Past performance does not guarantee nor indicate future

results.

* The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. * Note that the 10X Living Annuity is underwritten by Guardrisk Life Limited (FSP No. 76). ------------------------- 10X Investments is a licensed Financial Services Provider #28250 and S13B Funds Administrator #24/444. The information on our website does not constitute advice as defined by the FAIS Act. The 10X Living Annuity is underwritten by Guardrisk Life Limited (FSP No.76). � 2018 10X Investments (Pty) Ltd. All Rights Reserved. 10X CALCULATOR ASSUMPTIONS & DISCLAIMERS * Fees are the only difference between the “Industry” and 10X

projections.

* The fees used in the projections are inclusive of VAT. The investment referred to as “Industry” is assumed to charge total fees of 3% including VAT per annum. Morningstar’s Global Fund Investor Experience 2015 study shows that the average total expense ratio is 1.63% pa (which includes investment and performance fees), with the cost of advice and an administration platform adding an additional 1% to 1.5% pa. The investment with 10X is assumed to charge a fee according to the 10X Investment fee scale and that the client comes directly to 10X (i.e. no advisor fee). The maximum fee charged by 10X in these scales is 1.04% including VAT per annum. * Your projected benefits are shown in real terms (today's money). This means we have shown what future values would be worth today, once we have stripped out inflation. * The projected benefits are shown at age 65, unless you have changed the retirement age on the output page. * Where applicable, the projected monthly income assumes that you purchase an inflation-linked guaranteed annuity at retirement with your projected investment value. This estimate assumes that you use your entire projected investment value to purchase an annuity at retirement. Our estimate is based on the recent price of an inflation-linked guaranteed annuity without a spouse. An inflation-linked guaranteed annuity will provide you with an income that grows annually with inflation and pays you an income for the remainder of your life. * The projected average and poor investment returns are based on historic market returns after inflation from 1900 to 2017. Historically over your savings period, one in four outcomes have been worse than the outcome shown under poor returns and three in four have been better. The projections therefore account for historical market

fluctuations.

* The projections above are based on the default investment strategy called the 10X default glide path, unless you changed the investment portfolio on the output page . The 10X default glide path automatically matches the investment portfolio’s asset allocation to your assumed retirement age. This ensures that when you are more than five years from retirement that you mainly own assets that are expected to deliver high returns - with expected higher volatility of returns - and that the portfolio will gradually be switched into less volatile assets - with expected lower returns - in the last five years before you retire, with the aim of preserving capital. * The projections shown are based on information provided by you regarding your financial situation. 10X Investments does not in any way guarantee the projected benefits shown; we offer these projections merely to assist you in your financial planning. Although our projections take account of the historical returns earned in the South African and International markets, future market returns are uncertain. Past performance does not guarantee nor indicate future

results.

* The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. ------------------------- 10X Investments is a licensed Financial Services Provider #28250 and S13B Funds Administrator #24/444. The information on our website does not constitute advice as defined by the FAIS Act. � 2018 10X Investments (Pty) Ltd. All Rights Reserved. 10X CALCULATOR ASSUMPTIONS & DISCLAIMERS * Fees are the only difference between the “Industry” and 10X

projections.

* The fees used in the projections are inclusive of VAT. The investment referred to as “Industry” is assumed to charge total fees of 3% including VAT per annum. Morningstar’s Global Fund Investor Experience 2015 study shows that the average total expense ratio is 1.63% pa (which includes investment and performance fees), with the cost of advice and an administration platform adding an additional 1% to 1.5% pa. The investment with 10X assumes a total fee of 0.57% including VAT per annum and that the client comes directly to 10X (i.e. no advisor fee). * Your projected benefits are shown in real terms (today's money). This means we have shown what future values would be worth today, once we have stripped out inflation. * The projected average and poor investment returns are based on historic market returns after inflation from 1900 to 2017. Historically over your savings period, one in four outcomes have been worse than the outcome shown under poor returns and three in four have been better. The projections therefore account for historical market

fluctuations.

* Your projected monthly income (if applicable), grows in line with inflation until your money is depleted. * The projections are based on the 10X High Equity portfolio, which is designed for investors with an investment term of 5 years and longer. The portfolio may be highly volatile over shorter periods. * The projections do not account for tax in any way. * The projections shown are based on information provided by you regarding your financial situation. 10X Investments does not in any way guarantee the projected benefits shown; we offer these projections merely to assist you in your financial planning. Although our projections take account of the historical returns earned in the South African and International markets, future market returns are uncertain. Past performance does not guarantee nor indicate future

results.

* The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. ------------------------- 10X Investments is a licensed Financial Services Provider #28250 and S13B Funds Administrator #24/444. The information on our website does not constitute advice as defined by the FAIS Act. � 2018 10X Investments (Pty) Ltd. All Rights Reserved. GET YOUR FREE COMPARISON REPORT Full Name Contact Number Email Address How old are you? (OPTIONAL) Who is your current Investment Provider? (OPTIONAL) Upload a statement for your current investment (OPTIONAL) Call me back ------------------------- Already a 10X customer? Use our existing customer contact form

to get in touch.