The product fee is charged for using a retirement annuity, preservation fund or living annuity or by Sygnia Life in respect of endowment policies and living annuities (processed as unit disinvestments).

Sygnia does not charge product fees in respect of any of its savings products, irrespective of the nature of your investment, and no administration or transaction fees of any sort are applied to the provision of savings product wrappers.

This fee only applies if you have appointed a financial advisor and agreed upon a fee with them.

This is an administration fee charged on a monthly basis by the LISP (linked investment service provider) for hosting your investment account.

Sygnia does not charge a LISP administration fee if you invest in Sygnia funds. This means NO transaction fees. 

However, if you select externally managed unit trusts, a sliding scale fee applies. Below is a breakdown of the fees applicable to external-manager funds:

The total investment charge is the sum of the total expense ratio (TER) and the transaction cost (TC).

This is the fee paid to the investment manager of the unit trust and includes:

• Annual service fee
• Fund’s bank charges
• Fund’s audit fees
• Taxes (e.g. stamp duty, VAT)
• Custodian and trustee fees (custodians and trustees are appointed to protect the interests of the unitholders, and the fees pay for their services)
• Costs related to scrip lending
• Performance fees.

These are necessary expenses that arise from managing and administering a unit trust and include:

• VAT
• Brokerage
• Securities transfer tax (STT)
• Investor protection levy
• STRATE contract fees
• Exchange rate costs
• Bond spread costs
• Fees associated with Contract for Difference (CFDs).

The product fee is charged for using a retirement annuity, preservation fund or living annuity.

Sygnia does not charge product fees in respect of any of its savings products, irrespective of the nature of your investment, and no administration or transaction fees of any sort are applied to the provision of savings product wrappers.

This fee only applies if you have appointed a financial advisor and agreed upon a fee with them.

This is a fee charged per transaction by the stockbroker who executes the transaction. For every transaction on the ETF, a stockbroker fee of 0.10% (excl. VAT) of the value of each transaction will be charged.

There are two – the Investor Protection Levy and the STRATE Settlement Fee.

The Investor Protection Levy of 0.0002% (excl. VAT) is charged by the Johannesburg Stock Exchange (JSE) on all trades and protects investors against market manipulation and insider trading.

Every time you buy or sell a share, the transaction is settled electronically by a company named STRATE. Without this settlement, the transaction could not take place. For providing this service, STRATE charges an electronic settlement fee of 0.005787% (excl. VAT) of the value of each transaction.

The total investment charge is the sum of the total expense ratio (TER) and the transaction cost (TC).

This is the fee paid to the investment manager of the ETF and includes:

• Annual service fee
• Fund’s bank charges
• Fund’s audit fees
• Taxes (e.g. stamp duty, VAT)
• Custodian and trustee fees (custodians and trustees are appointed to protect the interests of the unitholders, and the fees pay for their services)
• Costs related to scrip lending
• Performance fees

These are the necessary expenses that arise from managing and administering an ETF and include:

• VAT
• Brokerage
• Securities transfer tax (STT)
• Investor protection levy
• STRATE contract fees
• Exchange rate costs
• Bond spread costs
• Fees associated with Contract for Difference (CFD)