Common use of Make contributions Clause in Contracts

Make contributions. We do not accept cash contributions. You may make the following contributions (subject to limitations as set out in the latest relevant forms) in South African rands: • Initial or additional lump sums by internet transfer (payment by EFT). • Electronic collection of lump sums (once-off debits). • Cheque deposits. • Recurring monthly contributions by debit order. You must make sure that you make your contribution to us, or that your contribution is available in your bank account for collection via debit order, prior to us processing your instructions. We will not process any debit orders from a ‘blocked rand’ or ‘non-resident transferable’ bank account. The minimum contribution amount is disclosed in the forms and may change from time to time. The annual and lifetime limits on your contributions that qualify for the tax-free treatment within the product account are disclosed in the initial application form and may change from time to time. Any contribution(s) over and above the annual and lifetime limits will be taxed by the South African Revenue Services at a flat rate of forty per cent of such contribution.

Make contributions. We do not accept cash contributions. You may make the following contributions (subject to limitations as set out in the latest relevant forms) in South African rands: • Initial nitial or additional lump sums by internet transfer (payment by EFT). • Electronic collection of lump sums (once-off debits). • Cheque deposits. • Recurring monthly contributions by debit order. You must make sure that you make your contribution to us, or that your contribution is available in your bank account for collection via debit order, prior to us processing your instructions. We will not process any debit orders orders, withdrawals or income distributions to or from a ‘blocked rand’ or ‘non-resident transferable’ South African bank account. The minimum contribution amount is disclosed in the forms and may change from time to time. The annual and lifetime limits on your contributions that qualify for the tax-free treatment within the product account are disclosed in the initial application form and may change from time to time. Any contribution(s) over and above the annual and lifetime limits across all product providers will be taxed by the South African Revenue Services at a flat rate of forty per cent of such contribution.