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Odyssey Preservation Funds

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DISCLAIMER: This brochure contains no special deals.
No discounts for calling within the next 24 hours. No money-back deals! You're reading an Odyssey preservation fund brochure, which which means that you'll be getting the simple truth: no more and no less. less. What is a preservation fund? Preservation Funds were created to offer employees leaving employment due to resignation, retrenchment or dismissal, the opportunity of preserving accumulated retirement funds. They are NO. ON BACK OF BROCHURE) ORDER PRINTED BROCHURES FROM ODYSSEY HEAD OFFICE (QUOTE aimed at allowing the owner an opportunity to transfer retirement provision into a "parking fund" without incurring additional tax burdens. Once invested in a Preservation Fund, one of a few options can be applied. The money can be transferred into another pension or provident fund, kept in the Preservation Fund until retirement or a once-off withdrawal can be made. Refer to current legislation for specifics. Another benefit of preservation funds is that the owner retains the number of years of membership to his or her original fund: this is taken into account when calculating the tax-free portion of the lump sum benefit upon retirement.
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Now that you have a good idea of what a preservation fund is all about, allow us to highlight the newly introduced 100% Allocator option.

Allocation options There are two options available: A standard option where some commission and administration charges are deducted from the contribution before investment, resulting in the charges levied against the investment fund over the term being relatively low. No charges will be levied on discontinuation and/or alteration.
ORDER PRINTED BROCHURES FROM ODYSSEY HEAD OFFICE (QUOTE NO. ON BACK OF BROCHURE)

The 100% Allocator option means that a 100% of the contribution is invested. Commission and administration charges are levied against the investment fund over time, which means that maximum investment occurs from day one. Our charges are therefore dependant on the performance of the fund - if the fund grows, the value of the charges levied is higher. Conversely, if the fund loses value, the amount of charges levied also falls. Essentially, this means that if the fund does not perform, neither do we. Which is why we do our best to ensure that your investment delivers great performance! Like it? Then read on …

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Investment fund options With any of the Odyssey Investment Plans, you have access to a wide range of underlying fund options. With your financial advisor, you may select any number of fund(s) to compile an optimised portfolio spread across different asset classes, investment strategies and asset management companies, depending on your risk profile. Remember that you carry the risk of your investment portfolio's performance, so it is important that you regularly discuss your lifestyle requirements, investment portfolio and the impact of investment markets on your retirement investment with your financial advisor.

ORDER PRINTED BROCHURES FROM ODYSSEY HEAD OFFICE (QUOTE NO. ON BACK OF BROCHURE)

Phasing Using the "phasing" feature, you can allocate your lump sum investment to your selected funds over a period of time, reducing market-timing risk. Your net investment amount will initially be allocated to a Money Market Fund. At regular intervals (specified by you, specified amounts will be automatically switched out of the Money Market Fund into your
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Risk and return on your investment Your tolerance for risk and your ability to withstand capital losses should be reflected in your selection of investment funds. Funds with greater equity exposure will generally be more volatile than the Bond or Money Market funds. Therefore, if you're aiming for greater returns, you also need to understand that the risks involved increase with volatility.

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selected fund/s at prevailing market price. Again putting you - with your financial advisor - in control of your investment. If your situation or the market changes, you can cancel the "phasing' option.

Investment fund switching All Odyssey Investment Plans offer unlimited, free switching between funds. In other words, you have complete control to move your investments around to earn the highest returns.

Life-style switching As your investment matures, you'd want to take steps to protect its capital ORDER PRINTED BROCHURES FROM ODYSSEY HEAD OFFICE (QUOTE NO. ON BACK OF BROCHURE) value. Easy - thanks to our "life-style switching" option. This is done by either a once off switching to a more conservative investment fund, or by using the life-style switching option. With the life-style switching option, units are switched (at regular intervals) from the existing funds into conservative portfolios selected by you over a pre-determined period of up to three years. All that remains are the benefits:

Withdrawal You can make one withdrawal from a preservation fund before retirement age - provided that no previous withdrawals have been made. Up to
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100% of the fund value, less any charges, can be withdrawn and currently the first R1 800 of the withdrawal amount is tax-free. Anything above that amount would attract tax at your average tax rate.

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Death benefit prior to retirement Your investment will automatically stop upon your death and a deathbenefit will become payable. We guarantee that the death benefit payable will be at least equal to the contribution paid by you, less any withdrawal, or the transfer value of the investment, whichever is the greater.

Tax Implications No tax is payable on transfer from an approved fund (pension or provident) to a preservation fund.

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Retirement benefits The retirement proceeds will be payable in accordance to the rules of the fund. In the case of a pension preservation fund, the benefits will be payable in the form of a life annuity where up to one third of the proceeds may be commuted to a lump sum, while the total proceeds of a provident preservation fund may be payable in a lump sum. Normal taxation on retirement benefits will apply.

Regular investment values and statements You will receive a quarterly e-mail containing a consolidated statement showing all transactions made on your investment over the preceding three months, and stating current investment values. Upon request, you will also have access to a more detailed transaction report for any period.

Preservation Funds in a nutshell.

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If you need more information about the Odyssey Preservation Fund Plan and other products in our investment range, please contact your financial advisor or visit our website at www.odysseylife.co.za www.odysseylife.co.za

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ORDER PRINTED BROCHURES FROM ODYSSEY HEAD OFFICE (QUOTE NO. ON BACK OF BROCHURE)

Metropolitan Odyssey, a division of Metropolitan Life Limited Co. Reg. No. 1949/032491/06 An Authorised Financial Services Provider (Referred to as “Odyssey”)
IPF 10.06

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www.odysseylife.co.za

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