Corporate Selection Retirement Fund
Employer: �ACME Inc.�
Fund/Participating employer number 0010010111
Member benefit statement as at 08 April 2016

Private and confidential
ACME Inc.
Name	Parker, Peter
Membership number	X123456X
Payroll number	XYZ001
Paypoint	Standard Bank

Your fund’s/participating employer’s financial adviser detail
Mr Klaus Smith
Telephone	(031) 123-4567
E-mail	dummy@email.co.za
Note: It is important to obtain professional advice before electing a benefit or on termination of your membership.

This benefit statement cancels and replaces all previous statements.

1. Your details

Date of birth

21 June 1982

Normal retirement date

01 July 2047

ID number

8206211234567

Normal retirement age

Date joined company

01 August 2010

Marital status

Married

Date joined fund/participating employer

01 November 2010

Membership category

Senior Management

Annual remuneration

R�241,044.00

Please check your personal details on this statement and report any discrepancies to your Human Resources department or your fund/participating employer’s financial adviser

2. Your benefits

If you retire at age 65

The illustrative value of your total benefit is	R�18,479,994.59
You may take all or part of this total benefit as a cash lump sum and purchase an annuity (payable in instalments) with the balance.

Refer to the important note on Illustrative values

�

If you leave your employer

If you resign, get retrenched or dismissed, the following benefit becomes payable	R�147,504.60

Refer to the important notes on Income tax and Claims

�

If you die while still employed

If you die while still employed the following benefits become payable

The value of your retirement account	R�147,504.60

	Entitled benefit	Accepted benefit
A cash lump sum of
��Unapproved death benefit	R�723,132.00	R�723,132.00

Refer to the important notes on Income tax, Death benefits and Underwriting

�

Total lump sum death benefit (accepted benefit)		R�870,636.60

If you become disabled

Capital disability benefit
If you become totally and permanently disabled, as defined in the policy, the following benefit becomes payable
The value of your retirement account*		R�147,504.60
The value of your retirement account* R�147,504.60
	Entitled benefit	Accepted benefit
An amount of
��Unapproved capital disability benefit	R�723,132.00	R�723,132.00
Total lump sum disability benefit (accepted benefit)		R�870,636.60
Total lump sum disability benefit (accepted benefit) R�870,636.60

^* The value of your retirement account as well as your Approved Benefits form part of an approved provident scheme. As a result, the benefit may be subject to tax.
�

Refer to the important notes on Income tax , Claims and Underwriting

��

3. Your contributions

Contributions allocated into your retirement account

Your monthly contribution	R�0.00
Your employer's monthly contribution	R�3,013.05
Total monthly contribution towards retirement account		R�3,013.05

Premiums paid for risk benefits and management fees

Unapproved risk benefits	R�162.54
Management fee	R�217.27
Administration fee	R�58.11
Monthly commission	R�117.81
Support charge	R�24.74
Total risk premium and management fees		R�379.81

Refer to the important notes on Contribution expense basis

Grand total of monthly contributions towards retirement account plus premiums paid for risk and management fees		R�3,392.86

Your retirement account investment selection

Your future contributions will be invested as shown below
Corporate Preferred Assets	70.00%	�
Coronation House View with Global	30.00%	�
Total		100.00%

4. Your retirement account

Your retirement account summary
The value of your retirement account as at 08 April 2016 is R�147,504.60

Your retirement account detail

Your retirement account breakdown from 01 February 2016 to 08 April 2016

Investment Portfolio	Opening value as at 01 February 2016�(R)	Your employer contribution�(R)	Your contribution�(R)	Other�(R)*	Investment switches�(R)	Investment return�(R)	Closing value as at 08 April 2016�(R)
Coronation House View with Glo (14%)	R 17,548.57	R 1,807.84	R 0.00	R -0.86	R 0.00	R 975.31	R 20,330.86
Corporate Preferred Assets (86%)	R 119,207.75	R 4,218.26	R 0.00	R -5.74	R 0.00	R 3,753.47	R 127,173.74
Total	R 136,756.32	R 6,026.10	R 0.00	R -6.60	R 0.00	R 4,728.78	R 147,504.60

Other refers to any miscellaneous transactions – details available from your administrator.

The retirement account is made up of accumulated contributions adjusted by investment returns, less expenses to the date of the statement. This could either increase or decrease in the future depending on investment and operating conditions.

From the 1 March 2015, you may elect when to receive your retirement benefit from the fund/participating employer. This election is only available once you have reached normal retirement age. This means that your retirement benefit will no longer be deemed to accrue when you retire. The date of accrual of your retirement benefit (used for tax purposes) will be the date that you elect to receive your retirement benefit.

5. Important notes

Beneficiary nominations It is very important that you keep your beneficiary nominations up to date. The unapproved death benefit is paid according to the latest nomination of beneficiary form. This is very different from the way in which a death benefit is paid from your retirement fund. Please see the explanation under Death benefits.

Claims In the event of a claim, benefits become payable where rules and policy conditions have been met.

Commutation of benefits

From 1 March 2016 the minimum rand threshold (commutation threshold) at which you can take your retirement benefit as a full cash lump sum increased from R75 000 to R247 500 for all retirement funds.

This means that if your retirement benefit is R247 500 or less, you will be allowed to take your full retirement benefit (commute) as a cash lump sum. You will not be required to buy an annuity with at least two thirds of this benefit.

Continuation option Where this is offered, you may, within 60 days of leaving service, if you have at least 12 months service, exercise an option to take out an individual policy without evidence of health, but subject to an HIV test. In this way you can continue applicable risk benefits at your own expense.

Contribution expense basis

The cost of risk benefits and management fees is in addition to the retirement account contributions.

Death benefits

In terms of Section 37C of the Pension Funds Act, benefits payable to beneficiaries from an approved retirement fund/participating employer may be re-apportioned at the discretion of the trustees. If there are no dependants, and there is money in the estate, the payment will be made to the nominated non-dependant beneficiary (if any) and, failing this, to your estate.

Unapproved death benefits are paid according to your latest nomination of beneficiary form in terms of the applicable policy’s terms and conditions.

Fringe Benefits Tax

Please note that from 1 March 2016 all employer contributions will be treated as fringe benefits in the hands of employees, however employees (members) will be able to deduct both their and the employer's contributions up to the revised deductibility limits. Fringe benefits tax will only be payable to the extent that the value of the employer contributions exceed the revised deductible limits.

Illustrative values The illustrative value reflected is represented in a future money terms. To achieve this, the retirement value calculation assumes a future rate of return of 10% per year i.e. investment returns exceed salary increases (in line with inflation) by 3% per year. The calculation is for illustrative purposes only and is not guaranteed.

Income tax Where applicable, benefits will be subject to taxation in terms of current tax laws.

Registered rules

The legal provisions governing your fund/participating employer and the benefits payable are set out in the registered rules of:
Corporate Selection Retirement Fund
The registration number is 12/8/27024/3830
The rules may be inspected at both the offices of your employer as well as the registered office of the fund.
The registered office of the fund administrator is
1 AMESHOFF STREET
BRAAMFONTEIN
2001
The registered office of the fund is as specified in the rules of the fund.

Every precaution has been taken to ensure that the details shown in this document are correct. If the information reflected conflicts with the provision of the rules of the scheme, the fund/participating employer rules will prevail.

Please note that the unapproved benefits are not registered with the Financial Services Board and the product is not approved by the South African Revenue Services. Therefore, premiums in respect of unapproved risk benefits are subject to fringe benefit tax; however the benefit payable is tax-free’.

Underwriting Medical evidence will be required if your entitled benefit is above the Free Cover Limit of the fund/participating employer.

6. General notes

Financial advice

It is strongly recommended that you obtain professional advice where required.

Your fund’s/participating employer’s financial adviser detail

Mr Klaus Smith
Telephone (031) 123-4567
E-mail dummy@email.co.za
If you have any queries regarding the benefits reflected on this statement, please contact your fund/participating employer's financial adviser or your Human Resources department

7. Contact Us

Queries

For more information, please contact your accredited Liberty financial adviser, or the Liberty Corporate Contact Centre.

Contact Centre
Telephone number	Fax	E-mail
011 408 2999	011 408 2264	lc.contact@liberty.co.za

Alternatively, write to us or visit our walk-in centre:

Contact Centre
Postal address	Walk-in centre address
Liberty/Liberty Corporate P O Box 2094 Johannesburg 2000	Libridge Building – 9th floor 25 Ameshoff Street Johannesburg 2001

Complaints

If your query, or issues that arise from it, is not resolved to your satisfaction by your financial adviser or our servicing staff within a mutually-agreed timeframe, please lodge a complaint with us by accessing our complaints form on http://www.liberty.co.za/Pages/contact-us.aspx. Alternatively, you may submit your complaint in writing to:

The Complaints Resolution Manager
Address	Fax	E-mail
P O Box 2094 Johannesburg 2000	+27 (0)11 408 4440	contactlcb@liberty.co.za

The Liberty Internal Adjudicator
Address	Fax	E-mail
P O Box 10499 Johannesburg 2000	+27 (0)44 408 3157	internaladjudicator@liberty.co.za

Please include as much detail as possible and copies of documentation where available, as this will speed up the resolution process, including:

The fund/participating employer and member reference numbers relating to the complaint
What you are expecting from us in terms of resolving the issue(s)
Your contact details so that we can get hold of you
Any correspondence from Liberty that led to the complaint
The names of the people you have dealt with so far, if applicable
The dates and times of these contacts
Any other events that triggered the complaint, for example, an article in a newspaper

Our complaints handling procedure is available from our website (www.liberty.co.za) or we can send it to you on request.

Complaints resulting from advice provided by an independent broker or another financial services provider must be referred to the broker or financial services provider concerned.

We will endeavour to address and resolve your complaint. However, in the event of your complaint not being resolved to your satisfaction and after following our complaints handling procedure, you may contact the following regulatory bodies or ombudsman schemes for assistance.

Fund complaints

The Principal Officer The Principal Officer is responsible and accountable for the day-to-day affairs of the Fund. If you have any unresolved complaints regarding the running of the fund, you may contact the Principal Officer of your fund details are available from your Administrator.

The Pension Funds Adjudicator If you have any unresolved complaints about your corporate fund (pension, provident or preservation fund) that are subject to the jurisdiction of the Pension Funds Act 24 of 1956, you may contact the Pension Funds Adjudicator.
Address	Tel	Fax	E-mail
The Pension Funds Adjudicator P O Box 580 Menlyn 0063	+27 (0)12 346 1738	+27 (0)86 693 7472	enquiries-jhb@pfa.org.za

The Ombudsman for Long-term Insurance If you have any unresolved complaints about a long-term insurance policy (death, disability, dread disease, etc.) that is subject to the jurisdiction of the Long-term Insurance Act 52 of 1998, you may contact the Long-term Insurance Ombudsman.
Address	Tel	Fax	E-mail
The Honourable Mr Justice RP McLaren Ombudsman for Long- term Insurance Private Bag X45 Claremont 7735	+27 (0)21 657 5000 Share call +27 (0)86 010 3236	+27 (0)21 674 0951	info@ombud.co.za

Complaints against a financial adviser

The FAIS Ombudsman If you have any unresolved complaints or disputes about advice that was given to you by a financial adviser after 30 September 2004, contact the FAIS Ombudsman.
Address	Tel	Fax	E-mail
Ms Noluntu Bam The FAIS Ombudsman P O Box 74571 Lynnwood Ridge 0040	+27 (0)12 470 9080 Share call +27 (0)86 048 3446	+27 (0)12 348 3447	info@faisombud.co.za

Disclaimer

We are required to share, collect and process your Personal Information (PI). Your PI is collected and processed by our staff, representatives or sub-contractors and we make every effort to protect and secure your PI. You are entitled at any time to request access to the information Liberty has collected, processed and shared. Errors and omissions are excluded. The information contained in this document does not constitute financial, tax, legal or accounting advice by Liberty. Any legal, technical or product information contained in this document is subject to change from time to time. If there are any discrepancies between this document and the contractual terms or, where applicable, any fund rules, the latter will prevail. Any recommendations made must take into consideration your special needs and unique circumstances. Liberty Group Ltd is an Authorised Financial Services Provider in terms of the FAIS Act (no. 2409). � Liberty Group Ltd. All rights reserved.