Effective Annual Cost (EAC) calculator
The Effective Annual Cost (EAC) is a measure which has been introduced to allow you to compare the estimated impact of charges on investment returns when you invest in different Financial Products. It is expressed as an annualised percentage. The EAC is made up of four components, which are added together, as shown in the table below. The figures only show the estimated impact of immediate and future charges, and do not include the impact of any charges that have already been incurred. The effect of some of the charges may vary, depending on your investment period.
- Lump sum cannot be empty.
- Debit order cannot be empty.
- Please enter valid amount(s).
- Each fund requires a minimum investment of R1.
- Escalation percentage should be between 0 and 100.
- Total investment for tax-free investments including debit orders for the tax year cannot exceed R36000.
- Total debit order amount for tax-free investments for the tax year cannot exceed R3000.
- Investment management charges are made up of the Total Expense Ratio (TER) and Transaction Charges (TC). Please refer to the Minimum Disclosure Document of the selected funds for more detail. A reasonable best estimate may have been used for TC. The values that are shown are the expected impact of charges based on an assumed return of 6% and assume that that the debit orders continue over the full periods provided above. The actual impact of the charges may vary depending on market performance and whether any future withdrawals, additions or switches are made.
- As no advice fee has been supplied, none could be included in the calculation.
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