Sanlam’s investment products are designed to help you meet your financial goals while considering your specific needs and preferences. They offer personal investment plans that cater to all kinds of investors—whether you are a seasoned professional or someone just starting.
Their offerings include:
- Tax-Free Savings Accounts: A tax-efficient way to grow your money.
- Unit Trusts: Invest in a variety of portfolios managed by experts.
- Retirement Annuities: Secure your future with retirement savings.
- Share Trading: Directly invest in the stock market with Sanlam’s share trading platform.
How Much Do You Need to Invest in Sanlam?
Sanlam makes investing accessible, with low barriers to entry. You can start investing with as little as:
- R500 per month for regular investments.
- R10,000 lump sum for a one-time contribution.
This flexibility allows investors to choose what works best for their budget, making Sanlam ideal for both new and seasoned investors.
Sanlam Investment Products
- Sanlam Tax-Free Savings Account A Tax-Free Savings Account (TFSA) at Sanlam is a powerful way to grow your wealth. With no tax on interest, dividends, or capital gains, your money grows faster than in a regular savings account. You can contribute up to R36,000 per year (R500,000 over a lifetime) without incurring taxes, which maximizes your returns.Key Benefits:
- Withdraw money anytime without penalties.
- No tax on your earnings.
- Unit Trusts Sanlam’s unit trusts allow you to pool your money with other investors to access a diversified investment portfolio managed by professional fund managers. These funds invest in different asset classes like equities, bonds, and property, providing a balanced mix of growth and stability.Key Benefits:
- Low minimum investment amounts.
- Professional management.
- Flexible withdrawal terms.
- Sanlam Share Trading For those who want to take a more active role in their investments, Sanlam offers a platform for buying and selling shares. With access to the Johannesburg Stock Exchange (JSE) and other global markets, investors can diversify their portfolios and potentially earn higher returns.
- Retirement Annuities Investing in a Sanlam retirement annuity helps you save for retirement with significant tax benefits. Your contributions are tax-deductible up to a certain limit, and the returns on your investment are tax-deferred until retirement.Key Benefits:
- Long-term growth.
- Tax-efficient savings.
- Security for your future.
How to Get Started with Sanlam Investments
Getting started with Sanlam is straightforward:
- Determine Your Investment Goals: Understand what you are saving for, whether it’s a short-term goal, retirement, or wealth accumulation.
- Choose the Right Investment Product: Based on your goals and risk tolerance, select from Sanlam’s wide range of investment products.
- Start Small: If you’re new to investing, start with a small, regular contribution, such as R500 per month, to get used to the process.
FAQs About Sanlam Investments
1. How much do I need to invest in Sanlam?
You can start investing from as little as R500 per month or make a R10,000 lump sum contribution.
2. Can I access my money anytime?
Yes, most of Sanlam’s investment products allow you to withdraw your funds when needed, though some may come with conditions like retirement annuities.
3. Are there tax benefits when investing with Sanlam?
Yes, several Sanlam products, including their Tax-Free Savings Accounts and Retirement Annuities, offer significant tax advantages.