I am not sure to be honest. Something you might want to ask Sygnia.
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Sygnia (help wanted)
- Thread starter zerocool2009
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yogidabear
Senior Member
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RA you can move with the section 14 as you probably already know.
Endowment you cant move between providers, none that I know of, but safe to say no. If you over your term / investment period you can cash it out and move the funds elsewhere. The term should be 5 years. If you start an endowment elsewhere the term starts from zero again and matures in 5 years
zerocool2009
Honorary Master
The RA yes. Endowment no.
In both cases they need to sell shares. As investo is a momentum product
But you can sell shares or close the endowment, and cash out! And move to sygnia (as in direct), meaning, no RA wrapper
Kornhub
Blackburn Fan
I think I will first try and cash out my endowment and then after hit them with a section 14 after
zerocool2009
Honorary Master
I think I will first try and cash out my endowment and then after hit them with a section 14 after
no section 14 needed for an endowment, just your bank account details.
Once the cash is available, you will see you can buy unit trusts etc via Sygnia also.
Firstly, see what the endowment cost you! Get a statement, and see what you are paying to have it! From there, make a call
Kornhub
Blackburn Fan
I have had it since 2018
zerocool2009
Honorary Master
Its purely an investment (with a wrapper), to pay less tax.
An endowment dont have any rules compared with a RA
Kornhub
Blackburn Fan
I am pretty sure I am getting ripped here 
in my investo endowment (Mom Real Growth Property Fund (I) 1.438% p.a
according to AI
in my investo endowment (Mom Real Growth Property Fund (I) 1.438% p.aaccording to AI
yogidabear
Senior Member
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If this is the fund you actually have then thats the correct management fee https://wealth.momentum.co.za/investments/factsheets/momentum-real-growth-property-fund-(a).pdfI am pretty sure I am getting ripped here
according to AI
For an actively managed fund that fee is perfectly acceptable, and the returns are also inline. No idea what you pay for admin fees but looks like that could be another 1%, which is higher than most other platforms. No idea if you have advisor fees on top of that as well. If you dont have advisor fees and you are in a high tax bracket, you made some good return on this.
Sygnia is just waiting on the funds to be transferred to their back account.
Kornhub
Blackburn Fan
Damn RA jumped by R5k. Must be the Iran/deal news