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 one off partial encashments whenever your clients want*, the Managed Capital Account could give them just the freedom they need.
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 jurisdiction, there may also be tax implications. Please speak to your financial adviser for more information.
The information provided on this page is not intended to offer advice. It is based on Old Mutual International's interpretation of the relevant law and is correct at the time of publication. While we believe this interpretation to be correct, we cannot guarantee it. Old Mutual International cannot accept any responsibility for any action taken or refrained from being taken as a result of the information contained on this page.
Past performance is no guarantee of future returns. The value of the investments and the income from them can go down as well as up and the investor may not get back the amount invested. Where a transaction involves more than one currency the investor may be exposed to the risk of currency fluctuations.