Invest confidently with the Sygnia Direct Investment Account. Access any unit trust or ETF on the Sygnia Alchemy investment platform with no fuss or stress. Make all your own decisions in real time and see what your money can do for you.
“A great place to flex your investing muscles. And instant access means I can always cash out when I need to.”
Thuli, 43Advantages
Instant access to your investment.
No set term or investment premium.
Flexibility to invest in a wide variety of cost-effective index-tracking unit trusts and offshore funds.
Limitations
You may transfer your investment to another individual or legal entity, but this may activate Capital Gains Tax on your investment.
You may not cede your investment in the Sygnia ForLife Living Annuity, nor use it as security for any debts or commitments.
Your Sygnia Direct Investment will be subject to the following taxes:
Income tax on any interest income earned;
Dividends Withholding Tax on any dividends earned; and
Capital Gains Tax on any disposal of your investment.
Sygnia will provide you with an annual IT3b certificate, which details the total interest and dividends earned for the tax year. You are required to declare these amounts on your annual tax return. The dividend income earned is subject to Dividends Withholding Tax (DWT) at a rate of 20%. The South African Revenue Service requires Sygnia to pay DWT on your behalf where applicable.
Sygnia unit trust and unitised life funds
No administration fees apply on the Sygnia Lifetime Income Portfolio, Sygnia unit trusts or unitised life funds.
All externally managed unit trust funds
Administration fees are charged as follows when you are invested in external-manager unit trusts.
ETFs and ETNs
Administration fees are charged as follows when you invest in ETFs and ETNs on the Sygnia Alchemy Platform.
Minimum R500 per month. Of this amount, the minimum investment amount in any ETF must be R250.
| Sygnia investments | Annual administration fee (excl. VAT) | ||
|---|---|---|---|
| Value of all accounts | Sygnia Unit Trusts | Sygnia ETFs | External Unit Trusts, ETFs and ETNs |
| First R2 000 000 | 0.35% | 0.35% | 0.40%* |
| Between R2 000 000 - R10 000 000 | 0.15% | 0.15% | 0.20%** |
| Over R10 000 000 | 0.00% | 0.00% | 0.20%*** |
* 0.40% (excl VAT) is levied on the proportionate value of the external-manager funds below R2 million.
** 0.20% (excl VAT) is levied on the proportionate value of the external-manager funds above R2 million.
*** 0.20% (excl VAT) is levied on the proportionate value of the external-manager funds above R10 million.
A separate safe custody fee of 0.03% (ex. VAT) per annum applicable to ETFs will be charged.
Note: We consider all your investments when assessing the R2 million and R10 million threshold, including your investments in Sygnia funds. For fees relating to the underlying investment managers, please refer to the Sygnia Alchemy Funds document available on request, or online at www.sygnia.co.za.
Copy of South African green barcoded ID/ South African Smart ID Card, birth certificate (if minor) or valid passport (if a foreign national).
Proof of residential address not older than 3 months.
Proof of bank details not older than 3 months.
Proof of deposit/transfer into the relevant Sygnia bank account.
If a unit transfer is required, please provide a recent statement of your current investment.
Minimum contributions:
Initial lump sum of R20 000
Additional lump sum of R5 000
Debit order of R500 p/m.
You may stop contributing at any time, with no penalty.
Please note: Minimum lump sum of R1 000 if investing into the Sygnia Money Market Class S1 or S2.