Key Information
Document
PSG Wealth Voluntary Investment Plan
Building 1, The Ingress, Corner of Magwa and Lone Creek Crescents, Waterfall City, Waterfall, 2090 | PO Box 61295, Marshalltown, Gauteng, 2107
Tel: 0860 774 774 | Fax: +27 (11) 996 5499
psg.co.za
PSG Invest (Pty) Ltd. Reg No 1999/014522/07. Authorised Financial Services Provider. FSP 563
Key Information Document
PSG Wealth Voluntary Investment Plan
Page 1
This document is a summary of key information about the PSG Wealth Voluntary Investment Plan. It will
help you to understand the product and make an informed decision. This is only a summary. It is not a legal
and binding document, nor should it be considered as advice. Before deciding to invest in this product we
suggest that you read the whole document together with the terms and conditions of the investment
contract.
About this product
What is the PSG Wealth Voluntary Investment Plan?
The PSG Wealth Voluntary Investment Plan is a convenient investment vehicle
that enables you to grow your wealth over the short, medium or long term. It
allows for flexible contributions while giving you control over your choice of
underlying investment options. You may also access your investment at any time.
Who provides it to me?
PSG Invest (Pty) Ltd (PSG Invest) is the company which administers the PSG
Wealth Voluntary Investment Plan. PSG Invest forms part of PSG Wealth, the
brand under which this product is marketed.
Key features of the PSG Wealth Voluntary Investment Plan
Who are these products most suitable for?
• Investors who want to grow their investment wealth.
• Investors who want an income from their investment.
• Investors who want the flexibility to stop and start contributions when it suits
them.
• Investors who want access to a range of underlying investment options.
Building 1, The Ingress, Corner of Magwa and Lone Creek Crescents, Waterfall City, Waterfall, 2090 | PO Box 61295, Marshalltown, Gauteng, 2107
Tel: 0860 774 774 | Fax: +27 (11) 996 5499
psg.co.za
PSG Invest (Pty) Ltd. Reg No 1999/014522/07. Authorised Financial Services Provider. FSP 563
Key Information Document
PSG Wealth Voluntary Investment Plan
Page 2
Contributions
• The minimum initial lump sum investment for the PSG Wealth Voluntary
Investment Plan is R20 000.
• Minimum debit order investments are R500 a month, R1 500 a quarter, R3
000 half-yearly or R6 000 yearly. You can also combine debit order and lump
sum investments as you choose.
• You can transfer an investment from another provider.
• You can add to your investment or increase your debit order amount at any
time.
What will happen if I miss, stop or reduce debit order investments?
• There are no penalties. You can stop or change your contributions if your circumstances change.
Investment options
• You can invest in a range of unit trusts available on the PSG Wealth investment platform.
• You can switch between these underlying investment options. Switching may cause capital gains tax.
Tax
Tax considerations
• Tax may be payable on income and dividend distributions.
• Tax on capital gains may be payable when you sell or switch units within the
investment.
• Tax reporting is done yearly. You will receive tax certificates to assist you in
completing your tax return.
Access to your investment
• You may access your investment at any time. There is no fixed investment term.
• You may also request regular withdrawals monthly, quarterly, half-yearly or yearly.
• No exit fees are charged upon withdrawal from your investment.
Can I use the product as security for a loan?
• Yes. You may cede your investment, in part or in full, as security. It is the investor’s responsibility to
manage the cession.
Building 1, The Ingress, Corner of Magwa and Lone Creek Crescents, Waterfall City, Waterfall, 2090 | PO Box 61295, Marshalltown, Gauteng, 2107
Tel: 0860 774 774 | Fax: +27 (11) 996 5499
psg.co.za
PSG Invest (Pty) Ltd. Reg No 1999/014522/07. Authorised Financial Services Provider. FSP 563
Key Information Document
PSG Wealth Voluntary Investment Plan
Page 3
Is it protected against my creditors?
• No.
Can I transfer my PSG Wealth Voluntary Investment Plan to another product provider?
• Yes.
What happens if I die?
• The investment value forms part of your estate and may be subject to estate duty and executor’s fees.
You cannot nominate beneficiaries. The benefit at death will be paid to your estate.
Benefits
What type of benefits can I expect?
• The PSG Wealth Voluntary Investment Plan is a flexible investment vehicle
which offers a broad selection of underlying instruments.
• It allows you to manage your investment according to your risk profile and
objectives.
• You may make withdrawals at any time.
• You may switch between underlying instruments. There are no administration
charges when switching.
Risks
Can I lose money?
• Yes, your investment returns may not perform as expected. Your investment
is linked to the market value of the underlying instruments chosen and is not
guaranteed.
• It is important to ensure that you are comfortable with the level of investment
risk your chosen investment instruments carry. If you are unsure of how to
invest, a financial adviser can help you to make appropriate choices.
• Your PSG Wealth Voluntary Investment Plan will not be protected against
claims from creditors or from an ex-spouse if you get divorced.
• You will not receive money from an underlying instrument that does not pay
out.
Building 1, The Ingress, Corner of Magwa and Lone Creek Crescents, Waterfall City, Waterfall, 2090 | PO Box 61295, Marshalltown, Gauteng, 2107
Tel: 0860 774 774 | Fax: +27 (11) 996 5499
psg.co.za
PSG Invest (Pty) Ltd. Reg No 1999/014522/07. Authorised Financial Services Provider. FSP 563
Key Information Document
PSG Wealth Voluntary Investment Plan
Page 4
Before you decide
Before you decide whether or not to buy this product, it is
recommended that you consider the following:
1. Compare this product with other products that could also meet your financial
needs. These could include:
• Other types of products, available from PSG Wealth or other providers.
• Similar products available from other product providers.
2. A Key Information Document like this one has to be produced for all financial
products to help you make these comparisons. Find Key Information
Documents for other products that could suit your needs or ask your financial
adviser to get these for you.
3. If you do not have a financial adviser, consider whether an authorised
financial adviser could help you to make appropriate financial decisions. If you
obtain advice, insist that your adviser gives you proof that he or she is
qualified to advise you on this type of product. You should also get full details
of the fees, commission or incentives your adviser will get if you invest in this
product with his or her assistance.
This document is only a high-level summary of the PSG Wealth Voluntary Investment Plan. We encourage
you to ask further questions. You should also read the detailed terms and conditions for the PSG Wealth
Voluntary Investment Plan, which you can find on our website. You can get more information from your
financial adviser or from PSG Wealth directly: email cl[email protected], call 0860 774 774 or visit
www.psg.co.za.
PSG Wealth offers a range of unit trusts and multi-managed portfolios, each with different underlying
instruments. Make sure you read their Minimum Disclosure Documents (MDDs) for important information
on investment fees, risks and objectives. You can request the relevant MDDS from us.
Ask your financial adviser or one of our client service consultants to give you details on the overall impact
of investment fees on your investment over time. Also ask for information on the past performance of the
underlying instruments you want to include in your investment: email clientservice@psg.co.za, call
0860 774 774 or visit www.psg.co.za – but remember that past performance is not a guarantee of future
performance.
Version 1 - May 2021
