Transfer your existing retirement savings
You can transfer your savings from your employer’s retirement fund, or from another fund, to one of our retirement funds: the Allan Gray Pension Preservation or Provident Preservation Funds or the Allan Gray Retirement Annuity Fund. Within the retirement fund, your investment will be invested into your choice of unit trusts.
You keep the tax benefits of your original fund and your investment return is not taxed.
You choose from our simple range of unit trusts and you can change your selection when you need to, without transaction fees or penalties.
What to consider when transferring your retirement savings
- The conditions and restrictions of your original fund, including the components of your investment according to the two-pot retirement system, still apply when you transfer. These determine your access to your money, both before and at retirement.
- When you retire, you can withdraw a portion of your investment as cash. You must use the rest to purchase a retirement income product. Your original fund’s rules may have different, or additional, restrictions in place.
- You cannot add to your retirement savings in a preservation fund. If you want to continue adding to your retirement savings, you can separately start another investment, such as a retirement annuity.
- Your investment must comply with prescribed legal investment limits, which limit how much you can invest in the types of investments that are considered higher risk, for example equities or offshore investments.
Choose a unit trust that suits your needs
Your investment returns come from the unit trusts you choose. When choosing a unit trust, there is a trade-off between higher potential return on the one hand, and stability and lower risk on the other.
Remember that your unit trust selection must meet the prescribed legal investment limits.
Potential for higher long-term return. However, as there is more significant fluctuation, it may not be suitable for retirement funds.
Our flagship long-term unit trust. Steady long-term return with moderate fluctuation.
Less fluctuation with above-inflation return. There may be some fluctuation within a two-year period.
Most stability with higher return than bank deposits and traditional money market funds. Suitable for short-term needs.
If you wish to invest in the Equity Fund (which invests 100% into equities), you must also choose another unit trust and create an investment portfolio that complies with the prescribed legal investment limits for retirement funds.
It is your responsibility to make sure that your investment complies with the legal investment limits, and continues to comply over time.
This unit trust may not be suitable for your retirement investment, which is generally a long-term investment. Potential returns over time are lower than what you might earn in a unit trust that takes on more risk
Other unit trust options
If you would like offshore exposure, you can invest in the Allan Gray-Orbis rand-denominated offshore unit trusts. These are listed in the “Our local unit trusts” section on our Unit trusts, prices & factsheets page.
We also have specialist unit trusts (the Allan Gray SA Equity Fund, the Allan Gray Optimal Fund, the Allan Gray Bond Fund, the Allan Gray Income Fund and the Allan Gray Money Market Fund), which may be more suitable for experienced investors who are comfortable building their own investment portfolio.
If you want to include diversification in your investment strategy, you may also want to invest in unit trusts from other investment managers.
If you want to build your own investment portfolio, it must comply with the prescribed legal investment limits. You can use our Regulation 28 calculator to check if your combination of unit trusts complies.
All investment options
View our All investment options page for the full range of our investment products and underlying unit trusts.