Make a smart tax move this month with Discovery Invest's exclusive offers
Do you know just how much taxes and retirement savings can work together to help fund your financial future? Learn about how investing for longer and investing more can earn you up to a 20% boost, plus find exclusive Discovery Invest offers only available until 29 February 2024.
Tax season isn't just about crunching numbers; it's a golden opportunity to shape your financial future. At Discovery Invest, we know that taxes and retirement savings go hand in hand - and how understanding that connection can help you maximise your tax benefits and funnel more savings towards your own financial future.
You can save on tax by investing in a retirement plan
Tax is a crucial part of retirement planning. When you increase your retirement savings, you not only improve the chances you'll retire stress-free one day, you can also significantly reduce your taxes right now!
Retirement annuities and preserver plans are among the best ways to save for retirement because they come with great tax breaks. Investing in them will help your nest egg grow faster, and the money you make on your investment stays tax-free.
South Africans can claim a tax deduction of 27.5% of their taxable income or remuneration, up to a maximum of R350,000 per year.
With us, smart financial habits will boost your savings
But wait, there's more! Discovery Invest doesn't just offer run-of-the-mill retirement plans. We're different because we reward you for managing your money and health wisely with personalised boosts and fee discounts.
For example, when you invest specifically in one of our lump-sum Retirement Annuities or Preserver plans, you can get rewarded for healthy investment behaviours with an investment boost of up to 20%!
How is this possible? Well, healthy financial behaviours like investing for longer and investing more means your savings are bigger and have more time to compound - which happens exponentially (one way the mathematics really works in your favour!) So if you commit to longer investment periods and put in more money, we'll boost your initial investment.
Limited offer until February: Secure a higher boost now
1. New clients can get higher boosts for investing for longer
If you're a new client who invests in a lump-sum Retirement Annuity or Preserver plan with Discovery Invest, you can get rewarded with a boost of up to 27.5% for investing longer. Find out more.
2. Existing clients can enhance their boosts by investing more
If you're a client with an existing lump-sum Retirement Annuity or Preserver plan, you can get rewarded with enhanced boosts of up to 25% for extra contributions. Find out more.
The boost percentage you receive is dependent on qualifying criteria.
Discovery Invest's special offers are only available until 29 February 2024, so don't let this opportunity to maximise on your tax benefits pass you by.
Don't let tax season pass you by without investing well
To sum it up, planning for your retirement means making smart choices that not only secure your future but also get you the best tax breaks. Contact your financial adviser now to take advantage of our current offers and learn what else you can do to make the most of your benefits. If you don't yet have a financial adviser, leave your details in our lead form and someone will contact you.
This document is meant only as information and should not be taken as financial advice. For tailored financial advice, please contact your financial adviser. Discovery Life Investment Services Pty (Ltd): Registration number 2007/005969/07, branded as Discovery Invest, is an authorised financial services provider. All life assurance products are underwritten by Discovery Life Ltd. Registration number: 1966/003901/06, a licensed life Insurer,an authorised financial service provider and registered credit provider, NCR Reg No. NCRCP3555. All boosts are offered through the insurer, Discovery Life Limited. The insurer reserves the right to review and change the qualifying requirements for boosts at any time. Product Rules, Terms and Conditions Apply