Freedom to adapt
Some investments are specifically designed for the long term, and some for a shorter term. But, sometimes, your clients need the best of both worlds.
The Managed Capital Account is a medium to long-term (meaning 5 to 10 years or longer) investment account. It provides a tax-efficient investment vehicle that doesn’t tie your clients in to a particular regular investment amount.
Your clients can make lump sum or regular investments, and they can stop, start or vary their contributions whenever they want, making it an ideal solution for:
- building funds for a child’s education
- saving for retirement
- tax planning (investment will grow virtually tax-free).
With the additional benefit of being free to take regular and partial encashments whenever your clients want*, the Managed Capital Account could give your clients just the freedom you need.
The benefits of the Account don’t have to die when you do. When the last accountholder dies, their legal personal representative(s) will become the new accountholder. They can then choose either to keep the account and appoint a beneficiary to become the accountholder (by deed of assignment) or cash-in the account (subject to any encashment charges applicable).
*Early encashment charges may apply. Depending on your client's jurisdiction, there may also be tax implications.