In this blog post, we will explore how Liberty Investment works, the benefits of their plans, and how you can get started on your investment journey today.
How Does Liberty Investment Work?
Liberty Investment allows you to choose from various financial products designed to help you build wealth or generate income. You can invest for a specific term—typically 5, 10, or 15 years—and designate up to two beneficiaries who will receive a portion of your investment if you pass away before the term ends. This feature ensures that your loved ones are taken care of even in unforeseen circumstances.
The Liberty Investment Plan
The Liberty Investment Plan is tailored to meet your unique financial needs. Here’s how it works:
- Investment Duration: You decide the investment period—5, 10, or 15 years.
- Beneficiary Designation: You can name up to two beneficiaries to receive a portion of the investment.
- Claiming Your Investment: To claim your investment, submit the completed claims documents to lcb.customerservices@liberty.co.za with your withdrawal or retirement claim details, including your full name, surname, and membership number.
Why Consider an Investment Plan?
An Investment Plan from Liberty allows you to invest in a diverse range of asset classes, helping you grow your wealth over time. Here are some benefits to consider:
- Flexibility of Choice: Liberty’s Multi-Manager approach means your money is managed by multiple investment managers, offering diversified portfolio options without additional costs.
- Tax Efficiency: After holding your investment for five years, you won’t have to pay additional tax if you remain the original owner.
- Pay-on-Delivery Investing: Liberty takes on the investment risk, allowing you to share in the rewards. If your investment doesn’t grow by the Target Return in the first three years, you won’t pay for the setup costs.
The Evolve Investment Plan
The Evolve Investment Plan is Liberty’s innovative pay-on-delivery endowment policy designed for investors in higher tax brackets. Here are the key features:
- Minimum Investment: Start with a minimum investment of R150,000.
- Investment Distribution: A portion of your investment goes into a Capped Tracker portfolio, giving you exposure to the ALSI 40, including dividends. You choose whether to allocate 60% or 40% of your investment to this portfolio.
- Growth Sharing: You share the investment growth exceeding the Target Return with Liberty in the first three years. After that, your investment in the Capped Tracker switches to the Top 40 Tracker, ensuring you continue to benefit from market growth.
Overview of Public Universities in South Africa
Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.
University of Pretoria
- Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
- Application Period: Usually opens in March and closes at the end of July for most programs.
University of Cape Town
- Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
- Application Period: Application opens in April and closes at the end of July.
Stellenbosch University
- Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
- Application Period: Opens in March and typically closes at the end of June.
University of the Witwatersrand
- Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
- Application Period: Begins in March and ends on the 30th of September.
University of Johannesburg
- Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
- Application Period: Opens in April and generally closes by the 30th of September.
University of the Free State
- Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
- Application Period: Typically opens in April and closes at the end of August.
University of Venda
- Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
- Application Period: Usually from May to September.
University of Fort Hare
- Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
- Application Period: Opens around May and closes at the end of September.
University of the Western Cape
- Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
- Application Period: Generally from May to September.
North-West University
- Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
- Application Period: Opens in March and usually closes by the end of August.
Rhodes University
- Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
- Application Period: Applications open in April and close at the end of September.
Nelson Mandela University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
- Application Period: Opens in April, with a deadline at the end of August for most programs.
Cape Peninsula University of Technology
- Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
- Application Period: Opens in May and typically closes by the end of September.
University of Limpopo
- Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
- Application Period: From April to September.
University of Zululand
- Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
- Application Period: Usually between April and November.
Central University of Technology
- Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
- Application Period: Application period generally starts in May and ends in October.
Vaal University of Technology
- Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
- Application Period: Typically from May to September.
Walter Sisulu University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
- Application Period: From April to September.
This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.