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Patience always pays off.
Tax-efficient growth for your long-term financial goals
Never underestimate the value of discipline when it comes to long-term saving. The glu Endowment Plan is ideal for investors who are committed to building wealth and who are willing to remain invested for at least five years. If you have a marginal tax rate of more than 30% and are looking for a structured way to save for the future, this is your plan.
Why choose the glu Endowment Plan?
There’s a reason for the phrase “tax burden” – it’s a heavy weight for your investments to carry. Minimise that burden with the glu Endowment Plan, a tax-efficient, long-term investment solution designed to grow your wealth over time. You can nominate a beneficiary for your investment proceeds in the event of your death, making estate planning simpler.
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Ultimate flexibility
Access a wide range of Investment Options, including expertly managed PPS Multi-Manager Solutions as well as third party Investment Options.
Tax is taken care of
Taxes are levied within the glu Endowment Plan, which means tax reporting responsibility is removed from you.
Time is on your side
Minimum debit orders start at a minimum of R500 per month, or R350 per month if you’re under 25.
Benefits of the glu Endowment Plan
Achieve your goals tax-efficiently
The income tax rate in your endowment is 30%, lower than the marginal tax rate for high income earners, helping you grow your investments efficiently.
01Disciplined investing
By committing to the minimum five-year period, you allow your investments to grow.
02Support when it’s needed
With direct payments to beneficiaries upon death, your loved ones will have immediate access to the investment.
03Structured flexibility
You’re in control. Adjust contributions and switch Investment Options at any time, without incurring fees.
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glu Endowment Plan document resources
Fund Facts Sheet
Frequently Asked Questions
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It’s a structured savings vehicle designed for long-term wealth creation. It encourages disciplined investing by limiting access to capital for the first five years. But it’s also flexible, allowing variation in contributions and investment choices.
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Yes, the market value of your glu Endowment Plan is protected against creditors after three years. This protection continues for up to five years after the policy ends, subject to meeting requirements for protection.
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This is all about the long game, so it’s an initial term of five years to help ensure long-term growth and maximise the potential benefits of your investment.
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The initial lump sum minimum is R10 000, with a minimum ad hoc contribution amount of R5 000. Debit orders start at a minimum of R500 per month, or R350 per month if you’re under 25.
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One withdrawal, subject to legal limits, is allowed within the first five years (the restriction period). After this, you can make full or partial withdrawals without limits.
Investment Disclaimer
PPS Investments (Pty) Ltd, PPS Multi-Managers (Pty) Ltd, PPS Investment Administrators (Pty) Ltd and PPS Insurance Company Ltd are licensed financial services providers.
PPS Management Company (RF) (Pty) Ltd is a licensed collective investment scheme manager.
glu Invest is a sub brand of PPS Investments (Pty) Ltd.
glu Mutual is the underwriter of the glu Endowment Plan.