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Lifestyle and excelsior property bonuses jan 2012
 

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    Lifestyle and excelsior property bonuses jan 2012 Lifestyle and excelsior property bonuses jan 2012 Document Transcript

    • Liberty InvestmentsLiberty Life Property Portfolio - Interim And Final Bonus Rate History Excelsior Property Portfolio Gross Interim Bonus Rates Per Annum Natural Person Owned Company Owned Untaxed Institution Flexible Retirement Flexible Flexible Investment Investment Investment Investment Investment Investment Living Annuity Year Investment Annuity Plan Investment Investment Plan Plan Plan Plan Plan Plan (300_LLA) Plan (300_SP_RA) Plan Plan (300_CB) (500_CB) (300_CB) (500_CB) (300_CB) (500_CB) (600_CB) (600_CB) (600_CB) 1985 1986 1987 1988 1989Simulated Bonuses 1990 1991 18.22% 18.22% 18.22% 20.72% 18.22% 18.22% 18.22% 20.72% 20.72% 20.72% 20.72% 1992 13.22% 13.22% 13.22% 16.56% 13.22% 13.22% 13.22% 16.56% 16.56% 16.56% 16.56% 1993 14.06% 14.06% 14.06% 16.50% 14.06% 14.06% 14.06% 16.50% 16.50% 16.50% 16.50% 1994 13.22% 13.22% 13.22% 15.44% 13.22% 13.22% 13.22% 15.44% 15.44% 15.44% 15.44% 1995 11.83% 11.83% 11.83% 13.78% 11.83% 11.83% 11.83% 13.78% 13.78% 13.78% 13.78% 1996 13.78% 13.78% 13.78% 17.11% 13.78% 13.78% 13.78% 17.11% 17.11% 17.11% 17.11% 1997 13.22% 13.22% 13.22% 14.67% 13.22% 13.22% 13.22% 14.67% 14.67% 14.67% 14.67% 1998 13.89% 13.89% 13.89% 15.00% 13.89% 13.89% 13.89% 15.00% 15.00% 15.00% 15.00% 1999 11.56% 11.56% 11.56% 11.94% 11.56% 11.56% 11.56% 11.94% 11.94% 11.94% 11.94% 2000 13.59% 13.59% 13.59% 13.81% 13.59% 13.59% 13.59% 13.81% 13.81% 13.81% 13.81% 2001 12.48% 12.48% 12.48% 12.86% 12.48% 12.48% 12.48% 12.86% 12.86% 12.86% 12.86% 2002 8.95% 8.95% 8.95% 9.95% 8.95% 8.95% 8.95% 10.00% 10.00% 10.00% 10.00% 2003 11.00% 11.00% 11.00% 11.80% 10.60% 10.60% 10.60% 13.85% 13.85% 13.85% 13.85% 2004 10.00% 10.00% 10.00% 11.15% 9.65% 9.65% 9.65% 12.55% 12.55% 12.55% 12.55% 2005 9.55% 9.55% 9.55% 10.75% 9.25% 9.25% 9.25% 12.20% 12.20% 12.20% 12.20% 2006 10.00% 10.00% 10.00% 11.50% 9.70% 9.70% 9.70% 12.65% 12.65% 12.65% 12.65% 2007 9.45% 9.45% 9.45% 11.30% 9.20% 9.20% 9.20% 12.00% 12.00% 12.00% 12.00% 2008 8.80% 8.80% 8.80% 11.00% 8.60% 8.60% 8.60% 11.00% 11.00% 11.00% 11.00% 2009 7.95% 7.95% 7.95% 10.00% 7.85% 7.85% 7.85% 10.00% 10.00% 10.00% 10.00% 2010 7.45% 7.45% 7.45% 9.50% 7.40% 7.40% 7.40% 9.50% 9.50% 9.50% 9.50% 2011 6.30% 6.30% 6.30% 8.25% 6.25% 6.25% 6.25% 8.25% 8.25% 8.25% 8.25% 2012 6.05% 6.05% 6.05% 8.00% 6.05% 6.05% 6.05% 8.00% 8.00% 8.00% 8.00% Gross Final Bonus Rates Per Annum Natural Person Owned Company Owned Untaxed Institution Flexible Retirement Flexible Flexible Investment Investment Investment Investment Investment Investment Living Annuity Year Investment Annuity Plan Investment Investment Plan Plan Plan Plan Plan Plan (300_LLA) Plan (300_SP_RA) Plan Plan (300_CB) (500_CB) (300_CB) (500_CB) (300_CB) (500_CB) (600_CB) (600_CB) (600_CB) 1985 15.06% 15.06% 15.06% 16.06% 15.06% 15.06% 15.06% 16.06% 16.06% 16.06% 16.06% 1986 14.22% 14.22% 14.22% 15.50% 14.22% 14.22% 14.22% 15.50% 15.50% 15.50% 15.50% 1987 16.22% 16.22% 16.22% 17.39% 16.22% 16.22% 16.22% 17.39% 17.39% 17.39% 17.39% 1988 16.17% 16.17% 16.17% 18.50% 16.17% 16.17% 16.17% 18.50% 18.50% 18.50% 18.50% 1989 17.61% 17.61% 17.61% 19.67% 17.61% 17.61% 17.61% 19.67% 19.67% 19.67% 19.67%Simulated Bonuses 1990 18.22% 18.22% 18.22% 20.22% 18.22% 18.22% 18.22% 20.22% 20.22% 20.22% 20.22% 1991 18.22% 18.22% 18.22% 20.22% 18.22% 18.22% 18.22% 20.22% 20.22% 20.22% 20.22% 1992 14.61% 14.61% 14.61% 17.06% 14.61% 14.61% 14.61% 17.06% 17.06% 17.06% 17.06% 1993 13.78% 13.78% 13.78% 16.00% 13.78% 13.78% 13.78% 16.00% 16.00% 16.00% 16.00% 1994 12.39% 12.39% 12.39% 14.33% 12.39% 12.39% 12.39% 14.33% 14.33% 14.33% 14.33% 1995 14.33% 14.33% 14.33% 17.67% 14.33% 14.33% 14.33% 17.67% 17.67% 17.67% 17.67% 1996 13.78% 13.78% 13.78% 15.22% 13.78% 13.78% 13.78% 15.22% 15.22% 15.22% 15.22% 1997 17.22% 17.22% 17.22% 18.33% 17.22% 17.22% 17.22% 18.33% 18.33% 18.33% 18.33% 1998 12.22% 12.22% 12.22% 12.67% 12.22% 12.22% 12.22% 12.67% 12.67% 12.67% 12.67% 1999 17.11% 17.11% 17.11% 17.50% 17.11% 17.11% 17.11% 17.50% 17.50% 17.50% 17.50% 2000 15.25% 15.25% 15.25% 15.64% 15.25% 15.25% 15.25% 15.64% 15.64% 15.64% 15.64% 2001 12.48% 12.48% 12.48% 12.97% 12.48% 12.48% 12.48% 12.97% 12.97% 12.97% 12.97% 2002 11.70% 11.70% 11.70% 12.55% 11.25% 11.25% 11.25% 14.55% 14.55% 14.55% 14.55% 2003 11.80% 11.80% 11.80% 13.15% 11.35% 11.35% 11.35% 14.65% 14.65% 14.65% 14.65% 2004 10.95% 10.95% 10.95% 12.30% 10.55% 10.55% 10.55% 13.75% 13.75% 13.75% 13.75% 2005 13.60% 13.60% 13.60% 15.15% 13.05% 13.05% 13.05% 16.50% 16.50% 16.50% 16.50% 2006 16.45% 16.45% 16.45% 19.15% 15.75% 15.75% 15.75% 19.95% 19.95% 19.95% 19.95% 2007 17.11% 17.11% 17.11% 20.48% 16.34% 16.34% 16.34% 20.60% 20.60% 20.60% 20.60% 2008 12.18% 12.18% 12.18% 14.93% 11.87% 11.87% 11.87% 14.93% 14.93% 14.93% 14.93% 2009 9.07% 9.07% 9.07% 11.49% 8.98% 8.98% 8.98% 11.49% 11.49% 11.49% 11.49% 2010 9.75% 9.75% 9.75% 11.91% 9.56% 9.56% 9.56% 11.91% 11.91% 11.91% 11.91% 2011 8.42% 8.42% 8.42% 10.51% 8.30% 8.30% 8.30% 10.51% 10.51% 10.51% 10.51% l The above gross bonus rates are after an allowance for tax but before any ongoing management fees have been deducted. Liberty Investments Page 1 Of 3 Liberty Property Portfolio Returns Ver 1 (16 Jan 2012)
    • Interim Bonus Rates Per Annum After Ongoing Management Fees Natural Person Owned Company Owned Untaxed Institution Flexible Retirement Flexible Flexible Investment Investment Investment Investment Investment Investment Living Annuity Year Investment Annuity Plan Investment Investment Plan Plan Plan Plan Plan Plan (300_LLA) Plan (300_SP_RA) Plan Plan (300_CB) (500_CB) (300_CB) (500_CB) (300_CB) (500_CB) (600_CB) (600_CB) (600_CB) Ongoing mngt. 1.92% 0.75% 1.20% 1.92% 1.92% 0.75% 1.20% 1.92% 0.75% 1.20% 1.00% fees per annum 1985 1986 1987 1988 1989Simulated Bonuses 1990 1991 15.97% 17.34% 16.81% 18.42% 15.97% 17.34% 16.81% 18.42% 19.82% 19.28% 19.52% 1992 11.07% 12.38% 11.87% 14.34% 11.07% 12.38% 11.87% 14.34% 15.68% 15.16% 15.40% 1993 11.88% 13.20% 12.69% 14.28% 11.88% 13.20% 12.69% 14.28% 15.63% 15.11% 15.34% 1994 11.07% 12.38% 11.87% 13.25% 11.07% 12.38% 11.87% 13.25% 14.58% 14.07% 14.30% 1995 9.70% 11.00% 10.50% 11.61% 9.70% 11.00% 10.50% 11.61% 12.93% 12.42% 12.65% 1996 11.61% 12.93% 12.42% 14.88% 11.61% 12.93% 12.42% 14.88% 16.24% 15.71% 15.95% 1997 11.07% 12.38% 11.87% 12.48% 11.07% 12.38% 11.87% 12.48% 13.81% 13.30% 13.53% 1998 11.72% 13.04% 12.53% 12.81% 11.72% 13.04% 12.53% 12.81% 14.14% 13.63% 13.86% 1999 9.43% 10.72% 10.22% 9.81% 9.43% 10.72% 10.22% 9.81% 11.11% 10.61% 10.83% 2000 11.42% 12.74% 12.23% 11.64% 11.42% 12.74% 12.23% 11.64% 12.95% 12.45% 12.67% 2001 10.33% 11.63% 11.13% 10.71% 10.33% 11.63% 11.13% 10.71% 12.02% 11.51% 11.74% 2002 6.88% 8.14% 7.65% 7.86% 6.88% 8.14% 7.65% 7.91% 9.18% 8.69% 8.91% 2003 8.89% 10.17% 9.68% 9.67% 8.50% 9.77% 9.28% 11.68% 13.00% 12.49% 12.72% 2004 7.91% 9.18% 8.69% 9.03% 7.56% 8.83% 8.34% 10.41% 11.71% 11.21% 11.43% 2005 7.47% 8.73% 8.24% 8.64% 7.17% 8.43% 7.95% 10.06% 11.36% 10.86% 11.08% 2006 7.91% 9.18% 8.69% 9.38% 7.61% 8.88% 8.39% 10.51% 11.81% 11.31% 11.53% 2007 7.37% 8.63% 8.14% 9.18% 7.12% 8.38% 7.90% 9.87% 11.16% 10.66% 10.89% 2008 6.73% 7.99% 7.50% 8.89% 6.53% 7.79% 7.30% 8.89% 10.17% 9.68% 9.90% 2009 5.90% 7.14% 6.66% 7.91% 5.80% 7.04% 6.56% 7.91% 9.18% 8.69% 8.91% 2010 5.41% 6.65% 6.17% 7.42% 5.36% 6.60% 6.12% 7.42% 8.68% 8.19% 8.41% 2011 4.28% 5.51% 5.03% 6.19% 4.23% 5.46% 4.98% 6.19% 7.44% 6.96% 7.17% 2012 4.03% 5.26% 4.78% 5.94% 4.03% 5.26% 4.78% 5.94% 7.19% 6.71% 6.92% Final Bonus Rates Per Annum After Ongoing Management Fees Natural Person Owned Company Owned Untaxed Institution Flexible Retirement Flexible Flexible Investment Investment Investment Investment Investment Investment Living Annuity Year Investment Annuity Plan Investment Investment Plan Plan Plan Plan Plan Plan (300_LLA) Plan (300_SP_RA) Plan Plan (300_CB) (500_CB) (300_CB) (500_CB) (300_CB) (500_CB) (600_CB) (600_CB) (600_CB) Ongoing mngt. 1.92% 0.75% 1.20% 1.92% 1.92% 0.75% 1.20% 1.92% 0.75% 1.20% 1.00% fees per annum 1985 12.87% 14.20% 13.68% 13.85% 12.87% 14.20% 13.68% 13.85% 15.19% 14.67% 14.90% 1986 12.05% 13.37% 12.86% 13.30% 12.05% 13.37% 12.86% 13.30% 14.64% 14.12% 14.35% 1987 14.01% 15.35% 14.84% 15.15% 14.01% 15.35% 14.84% 15.15% 16.51% 15.99% 16.22% 1988 13.96% 15.30% 14.78% 16.24% 13.96% 15.30% 14.78% 16.24% 17.61% 17.09% 17.32% 1989 15.37% 16.73% 16.21% 17.39% 15.37% 16.73% 16.21% 17.39% 18.77% 18.24% 18.48%Simulated Bonuses 1990 15.97% 17.34% 16.81% 17.93% 15.97% 17.34% 16.81% 17.93% 19.32% 18.79% 19.03% 1991 15.97% 17.34% 16.81% 17.93% 15.97% 17.34% 16.81% 17.93% 19.32% 18.79% 19.03% 1992 12.43% 13.75% 13.24% 14.83% 12.43% 13.75% 13.24% 14.83% 16.18% 15.66% 15.89% 1993 11.61% 12.93% 12.42% 13.79% 11.61% 12.93% 12.42% 13.79% 15.13% 14.62% 14.85% 1994 10.25% 11.55% 11.05% 12.16% 10.25% 11.55% 11.05% 12.16% 13.48% 12.97% 13.20% 1995 12.16% 13.48% 12.97% 15.43% 12.16% 13.48% 12.97% 15.43% 16.79% 16.26% 16.50% 1996 11.61% 12.93% 12.42% 13.03% 11.61% 12.93% 12.42% 13.03% 14.36% 13.85% 14.08% 1997 14.99% 16.35% 15.82% 16.08% 14.99% 16.35% 15.82% 16.08% 17.45% 16.92% 17.16% 1998 10.09% 11.38% 10.88% 10.52% 10.09% 11.38% 10.88% 10.52% 11.82% 11.32% 11.55% 1999 14.88% 16.24% 15.71% 15.26% 14.88% 16.24% 15.71% 15.26% 16.62% 16.10% 16.33% 2000 13.06% 14.39% 13.88% 13.44% 13.06% 14.39% 13.88% 13.44% 14.77% 14.26% 14.49% 2001 10.33% 11.63% 11.13% 10.82% 10.33% 11.63% 11.13% 10.82% 12.13% 11.62% 11.85% 2002 9.57% 10.87% 10.37% 10.41% 9.13% 10.42% 9.92% 12.37% 13.69% 13.18% 13.41% 2003 9.67% 10.96% 10.47% 11.00% 9.23% 10.52% 10.02% 12.47% 13.79% 13.28% 13.51% 2004 8.84% 10.12% 9.63% 10.16% 8.45% 9.72% 9.23% 11.59% 12.90% 12.39% 12.62% 2005 11.44% 12.75% 12.24% 12.96% 10.90% 12.21% 11.70% 14.28% 15.63% 15.11% 15.34% 2006 14.23% 15.58% 15.06% 16.88% 13.55% 14.88% 14.37% 17.67% 19.05% 18.52% 18.76% 2007 14.88% 16.23% 15.71% 18.19% 14.13% 15.47% 14.95% 18.30% 19.70% 19.16% 19.40% 2008 10.04% 11.34% 10.84% 12.74% 9.74% 11.03% 10.53% 12.74% 14.07% 13.56% 13.79% 2009 6.99% 8.25% 7.77% 9.37% 6.91% 8.17% 7.68% 9.37% 10.66% 10.16% 10.38% 2010 7.66% 8.93% 8.44% 9.78% 7.47% 8.74% 8.25% 9.78% 11.07% 10.57% 10.80% 2011 6.36% 7.61% 7.13% 8.41% 6.24% 7.49% 7.01% 8.41% 9.68% 9.19% 9.41% l The above net bonus rates are after an allowance for tax and after any ongoing management fees have been deducted. The Flexible Investment Plan assumes one policy in a bundle. Liberty Investments Page 2 Of 3 Liberty Property Portfolio Returns Ver 1 (16 Jan 2012)
    • Lifestyle Property Portfolio Interim Bonus Rate Final Bonus Rate Endowment Endowment Year Retirement Retirement (Individually (Individually Annuity Annuity owned) owned) 1991 15.50% 17.75% 15.50% 17.30% 1992 (as at 1 Jan) 15.00% 17.25% 0.00% 0.00% 1992 (as at 1 Aug) 11.00% 14.00% 12.25% 14.45% 1993 11.75% 13.95% 11.50% 13.50% 1994 11.00% 13.00% 10.25% 12.00% 1995 9.75% 11.50% 12.00% 15.00% 1996 11.50% 14.50% 11.50% 12.80% 1997 11.00% 12.30% 14.60% 15.60% 1998 11.60% 12.60% 10.10% 10.50% 1999 9.50% 9.85% 14.50% 14.85% 2000 10.50% 10.85% 12.00% 12.50% 2001 9.50% 10.00% 9.50% 10.10% 2002 9.00% 10.00% 9.40% 10.35% 2003 8.75% 9.65% 9.00% 10.35% 2004 7.40% 8.60% 8.25% 9.60% 2005 7.00% 8.25% 10.60% 12.10% 2006 7.40% 8.60% 13.15% 15.40% 2007 6.95% 8.50% 13.66% 16.59% 2008 6.45% 8.40% 9.48% 11.90% 2009 5.75% 7.55% 6.72% 8.86% 2010 5.30% 7.10% 7.32% 9.22% 2011 4.70% 6.10% 6.15% 8.01% 2011 4.50% 5.85%l The above bonus rates are after an allowance for tax and any ongoing management fees and shareholder fees invested in the Lifestyle Property portfolio. Conventional Life Annuities linked to the Property Portfolio Year Final Bonus Year Final Bonus 1992 16.06% 2001 12.63% 1993 15.00% 2002 13.13% 1994 13.33% 2003 12.74% 1995 16.67% 2004 11.86% 1996 14.22% 2005 14.59% 1997 17.32% 2006 17.84% 1998 13.15% 2007 18.54% 1999 17.93% 2008 13.33% 2000 15.46%l The above bonus rates are for conventional life annuities linked to the Property portfolio. The increase in the annual annuity income an annuitant will receive is dependant on the difference between the Property return and the base interest rate the original annuity was calculated on (previously 12% p.a., 8% p.a. and 6% p.a. have been used.)l The annuity income increases will occur every April. Sandton Properties* Sandton Year Tranche I Tranche II Tranche III Property (G)** 1999 14.50% 2000 12.72% 12.39% 12.04% 2001 11.39% 11.06% 11.04% 2002 8.50% 8.50% 8.50% 2003 9.63% 9.42% 9.63% 2004 7.59% 7.59% 7.59% 7.06% 2005 10.57% 10.23% 10.42% 10.32% 2006 11.70% 2007 15.17% 2008 12.89% 2009 8.36% 2010 6.21% 2011 6.51% 2012 (Interim) 4.70%* The bonuses rates for Sandton Properties are applicable for endowments.** The bonus rates are applicable to those that have extended their original Sandton Property policy post the initial 5 year period. l The above bonus rates are after an allowance for tax and any ongoing management fees. Please Notel The interim rates are not guaranteedl The simulated bonuses above for the Excelsior Property portfolio are based on the Lifestyle Property portfolio bonuses. The Lifestyle portfolio ongoing management fees were added back so as to create approximate bonuses gross of ongoing fees. The returns for a company were based on the returns for a natural person and the returns for an untaxed institution were based on the RA returns. These are for illustrative purposes only.l The final rates net of management fees are an understatement of the true value due to estimation. The ongoing fees are levied on the interim bonus rate which is lower than the final bonus rate. The final bonus rate is only declared at the end of the year.l Prior to 2002, the RA returns were used as a proxy for the untaxed returns that could have been experienced under the Excelsior Property portfolio.l The returns are after an allowance for tax where indicated.l The returns are applicable to the amount of the lump sum invested and assume a single premium investment.l Whilst every attempt has been made to ensure the accuracy of the information contained herein, Liberty Life cannot be held responsible for any errors that may occur or for any damages suffered as a result of such errors.l This calculation is provided as an aid to assist you as financial adviser. It does not constitute advice by Liberty Life and you are urged to ensure that you verify the content and are comfortable with utilizing it as your personal advice. The results are an estimate based on the information provided and should not be relied on in isolation.l Any legal technical or product information contained in this document is subject to change from time to time and is not to be construed as advice by Liberty Life. Any recommendations made must take into consideration your specific needs and personal circumstances. If there are any discrepancies between this document and the contractual terms or, where applicable, any fund rules, the latter will prevail. Past performance cannot be relied on as an indication of future performance. Investment performance will depend on the growth in the underlying assets, which will be influenced by inflation levels in the economy and prevailing market conditions.E. And O.E. Liberty Investments Page 3 Of 3 Liberty Property Portfolio Returns Ver 1 (16 Jan 2012)