New FTSE 100 Structure:

A local rand-rand based investment on the performance of the FTSE 100 index and will give 18% per annum in simple interest and 40% downside protection. It works as follows:

- If the FTSE 100 index is positive after 3 years, compared to initial investment level, you will get a return of 54% and the investment will be closed.

- If the FTSE 100 is negative at the end of year 3, it will run for another year. If it is positive at the end of year 4, you will get a return of 72% and the investment will close.

- If it is still negative at the end of year 4, the investment will run for one final year. If it is positive after year 5, you will get a return of 90% and the investment will be closed.

Downside protection:

- If the investment is still negative after year 5, you will get 40% downside protection. In other words, if the investment is negative, but by less than 40%, you will get 100% of your capital back.

Other benefits:

- All returns are AFTER fees.

- Local, rand based investment which means you do not have to use up your foreign allowance to invest.

- Performance will not be affected by the rand’s performance versus the British pound.

- As investment is for a minimum of 3 years, all gains will be taxed at the lower Capital Gains Tax rate.

If you would like to know more, shoot me a mail at

[email protected] or give me a call on 011 781 4454.

Also, we now have quite a few members of this forum using us to do their offshore transfers. You guys still get a special rate of 0.75% for the transfers so just be sure to let us know if you found us on the forum. Otherwise you will be put on the standard 1%

It still comes with an Investec account that will give 6.5% (actually 7% when taking into account that is compounds every month) per annum as long as you keep the balance above R10,000.