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The content contained in this website is for information purposes only and does not constitute an offer or an invitation to subscribe or make use of any service or investment by a person, whether natural or legal, which is resident or situated in any jurisdiction where such offer or invitation would be unlawful, or in any jurisdiction in which Prescient Holdings, including all of its subsidiaries and associates ("Prescient"), is not qualified to make such offer or invitation, or to persons to whom it would be unlawful to make such offer or invitation.

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  1. you are not a person prohibited under the laws of your country from accessing the information on the investment products and services referred to herein;
  2. by accessing this website you will not contravene or cause Prescient to contravene any law that seeks to regulate the promotion of financial products either in the country of your residence or in the country in which you are viewing this website; and
  3. any investment which you may place with or through Prescient is based solely on your own enquiry and initiative and is not due to any offer or solicitation by Prescient.
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The content contained in this website is for information purposes only and does not constitute an offer or an invitation to subscribe or make use of any service or investment by a person, whether natural or legal, which is resident or situated in any jurisdiction where such offer or invitation would be unlawful, or in any jurisdiction in which Prescient Holdings, including all of its subsidiaries and associates ("Prescient"), is not qualified to make such offer or invitation, or to persons to whom it would be unlawful to make such offer or invitation.

By clicking "I AGREE" below, you consent to the terms and conditions above and you confirm and agree that:

  1. you are not a person prohibited under the laws of your country from accessing the information on the investment products and services referred to herein;
  2. by accessing this website you will not contravene or cause Prescient to contravene any law that seeks to regulate the promotion of financial products either in the country of your residence or in the country in which you are viewing this website; and
  3. any investment which you may place with or through Prescient is based solely on your own enquiry and initiative and is not due to any offer or solicitation by Prescient.
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Notice to Visitors (China)

This website is not intended or permitted to be accessed or used by you if you are prohibited from doing so under the applicable laws and regulations of your country of residence and/or the country in which you are viewing this website.

The content contained in this website is for information purposes only and does not constitute an offer or an invitation to subscribe or make use of any service or investment by a person, whether natural or legal, which is resident or situated in any jurisdiction where such offer or invitation would be unlawful, or in any jurisdiction in which Prescient Holdings, including all of its subsidiaries and associates ("Prescient"), is not qualified to make such offer or invitation, or to persons to whom it would be unlawful to make such offer or invitation.

By clicking "I AGREE" below, you consent to the terms and conditions above and you confirm and agree that:

  1. you are not a person prohibited under the laws of your country from accessing the information on the investment products and services referred to herein;
  2. by accessing this website you will not contravene or cause Prescient to contravene any law that seeks to regulate the promotion of financial products either in the country of your residence or in the country in which you are viewing this website; and
  3. any investment which you may place with or through Prescient is based solely on your own enquiry and initiative and is not due to any offer or solicitation by Prescient.
   
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Our Products

Individual Investing

Prescient offers unit trusts, tax efficient endowments and tax-free saving accounts to suit your needs

Individual investors can access Prescient’s cost effective savings products, designed to deliver certainty over time.

Unit Trusts

What is it?
Collective Investment Schemes (commonly known as unit trusts) are “funds” where the money from many investors are pooled together and invested in assets like shares, bonds, property and cash. This means that investors do not have to manage individual investments themselves, but rely on the skills of appointed investment professionals to manage the fund. Investors hold equally priced units where the price of the unit is based on the value of the underlying investments held in the fund.

Some funds invest in the shares of companies, which mean that part of their profits will be paid out periodically in the form of dividends. Other investments – like government or corporate bonds – make periodic interest payments. You can choose to receive these distributions, or use the money to buy more units and grow your investment.

How do I invest?
You can invest into a unit trust by filling in and returning the application form or using the “invest online” option. All FICA requirements and proof of deposit must be met before an investment will be processed.

What about Tax?
There is no tax paid within a unit trust vehicle. You must declare and will be taxed on the capital gain made from a unit trust when you sell it.   Interest income received, must be declared annually and will be taxed along with other interest that you have earned. Unit trusts will deduct dividend withholding tax from investors, as legally required, before dividends are paid to the investor. You will receive a statement every year that clearly states the interest, dividends and capital gain (if you have sold the investment) that you have received.

What are my Options?
You are able to select from a range of unit trusts managed by Prescient Investment Management.

What are my benefits?
Easy and cost effective access to diversified pools of investments across various asset classes including equities, bonds, listed property and money market. Standardised and transparent information regarding fund details, including costs, and widely published unit trust prices and performance numbers allowing for regular monitoring. Easy access to funds within 24 hours. Protection for investors via a highly regulated industry.

View Unit Trust Application Form

Tax-Free Savings Accounts

Tax-free savings can be made into bank accounts, unit trusts, stockbroker accounts, retail savings bonds and life policies. Prescient offers tax-free savings into unit trusts, and endowment policy (life policy), and via a tax free broker account.

What is it?
The South African National Treasury has approved the implementation of a tax-free savings account (TFSA) as an incentive to encourage individuals to save. The aim is to increase saving over and above retirement based-savings through a more accessible, tax-free product. From 1 March 2015, individual investors can invest up to R33 000 a year in tax-free savings accounts. While the capital investment will be capped at R500 000 over the investor’s lifetime, all proceeds earned (interest, dividends and capital growth) will be 100% tax free.

How do I contribute?
You are able to contribute in a lump-sum and/or an on-going contribution by debit order. You are able to invest R33 000 a year (R2 750 a month) and up to R500 000 over your lifetime in your TFSA.

What about tax?
All proceeds earned on investments within the allowed contribution limits, interest, dividends and capital growth will be tax free. If your contributions are more than the prescribed limit per tax year and lifetime limit, you will be liable to pay a penalty of 40% on any contribution that is over the limit. The penalty described above will be levied by SARS on assessment for the relevant tax year and will be payable by you.

What are my options?
You can access a TFSA via Prescient Unit Trusts, Prescient Life or through Prescient Securities.

The unit trust option offers a range of unit trusts managed by Prescient Investment Management.

Prescient Life offers a range of approved investment options.  You are able to switch between these investment options at any point without cost.

Prescient Securities offers a tax free savings broker accounts where clients can choose a portfolio of shares to suite their individual needs.

How do I withdraw?
Withdrawals can be taken at any time, however, whatever is withdrawn cannot be replaced.

What about transfers?
The National Treasury has postponed the implementation of transfers between providers. We will advise our clients once transfers are permitted.

View UT TFSA Application Form

View Life brochure

View Life Application Form

To open a Prescient Securities Tax-Free Savings broker account please contact Jaeger Coert on +27 21 700 3725.

Endowments

What is it?
The Prescient Life Endowment is a savings policy for investors with a time horizon of 5 years or greater.

How do I contribute?
Contributions to the endowment are made in cash as a lump sum at the start of the investment period. No additional contributions are allowed at any point.

What about tax?
By investing in an endowment rather than directly in a unit trust you are able to generate a tax benefit on the interest income that you earn. This benefit is particularly relevant for investors who have used up their annual interest income tax exemption and have high marginal tax rates (>30%).

What are my options?
You are able to pick from a range of approved investment options.  You are able to switch between these investment options at any point without cost. You are allowed to make a single withdrawal within the first 5-year period. The withdrawal is limited to the initial contribution plus 5% compound interest per year. After 5 years you will be entitled to withdraw any amount, either as a single withdrawal or by way of scheduled / recurring withdrawals.

View Endowment Brochure

Sales Team