The Allan Gray Umbrella Retirement Fund
The Allan Gray Umbrella Retirement Fund (the Umbrella Retirement Fund) gives you an umbrella fund done the Allan Gray 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.
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.
No 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 Allan Gray to negotiate the best possible investment management fees for members.
Benefits for members
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. For more information about the options available to members, please click here.
Joining the Umbrella Retirement Fund is hassle-free
Please contact our Umbrella Retirement Fund team and we will assist you with the next steps:
Tel: 0860 000 870
Fax: 0860 000 655 / +27 (0)21 415 2492