Endowment Plans

Our Endowment Plans are medium-term investments that give you access to a wide range of funds, managed by leading fund managers. These plans might suit you if you can keep your money invested for at least five years. And we reward you the longer you stay invested, the more you invest and the healthier you become. Whether you choose to invest a lump-sum or monthly, locally or offshore, we have a plan to meet your needs.

When you invest a lump-sum, you receive a boost to the portion you place in qualifying Discovery funds. We pay the boost in two stages: half (plus growth at a guaranteed rate) if you stay invested for five years, and the balance (plus growth) if you remain invested for ten years.

At a glance

Investment term

Short - Medium Term
5 to 10 years or more

Minimum investment amounts

R60 000

 
You can make extra contributions to your investment.

Fees that apply

Discovery fee

We charge a yearly admin fee, which may depend on the size of your investment.

Investment manager fees

Investment managers may charge initial and ongoing fees.

Financial adviser fees

Your financial adviser can charge initial and ongoing advice fees.

Please contact your financial adviser for a detailed quote on fees.

Tax

The following applies to you:

30% on investment growth
20% on dividends
12% on capital gains
No tax at the end of your investment*

Fact File

Read the relevant Fact File for details of:

When you can access your money before 5 years
When extra contributions will start a new investment

The latest fact file might not be applicable to your Investment

Investment guarantees

No guarantee of investment performance

Read our brochure for more information.

If you choose to invest recurring amounts, we reward you with refunds on the admin fees you pay. This can save you nearly half the admin fees over five years – which means you have more to invest!

At a glance

Fees

Discovery fee

We charge a yearly admin fee, which may depend on the size of your investment.

Investment manager fees

Investment managers may charge initial and ongoing fees.

Financial adviser fees

Your financial adviser can charge initial and ongoing advice fees.

Please contact your financial adviser for a detailed quote on fees.

Fact File

Read the relevant Fact File for details of:

When you can access your money before five years
How the Contribution Waiver works

The latest fact file might not be applicable to your Investment

Minimum investment amounts

R850

 
You can make extra contributions to your investment.

Tax

The following applies to you:

30% on investment growth
20% on dividends
12% on capital gains
No tax at the end of your investment*

Investment term

Short - Medium Term
5 to 10 years or more

Investment guarantees

No guarantee of investment performance

You can protect your investment against unexpected life events with a Contribution Waiver that pays your contributions for you if you become severely ill or disabled during the investment. This is available at an additional risk premium. Read our brochure and Fact File for more information.

Read our brochure for more information.

Our Offshore Endowment Plans give you access to a wide range of global funds, managed by leading international fund managers. These plans allow you to diversify your investment by geography, asset class and currency (including US dollars, pounds and euros). And if you also have a Discovery Life plan with qualifying premium size we'll boost your initial investment by 10%. The longer you remain invested, the more you’ll receive. We pay out the boost in two stages: half if you stay invested for five years, and the balance if you stay invested for 10 years.

At a glance

Fees

Fees that apply

Discovery Invest fee

We charge a yearly admin fee, which may depend on the size of your investment.

Investment manager fees

Investment managers may charge initial and ongoing fees.

Financial adviser fees

Your financial adviser can charge initial and ongoing advice fees.

Please contact your financial adviser for a detailed quote on fees.

Fact File

Read the relevant Fact File for details of:

When you can lose some or all of the boost
Getting tax clearance for this investment
How the fees and refunds work

The latest fact file might not be applicable to your Investment

Minimum investment amounts

R100 000

 
You can make extra contributions to your investment.

Tax

The following applies to you:

30% on investment growth
20% on dividends
12% on capital gains
No tax at the end of your investment*

Investment term

Short - Medium Term
5 to 10 years or more

Investment guarantees

No guarantee of investment performance

Read our brochure for more information.

This plan allows you to save monthly through an offshore endowment where you can choose from three funds that are mapped to your risk profile. The funds automatically rebalance the mix of underlying asset classes to ensure the best performance for your risk profile. We deduct your monthly contributions in rand and invest it globally in US dollars.

At a glance

Fees

Fees that apply

Discovery fee

We charge a yearly admin fee, which may depend on the size of your investment.

Investment manager fees

Investment managers may charge initial and ongoing fees.

Financial adviser fees

Your financial adviser can charge initial and ongoing advice fees.

Custodian fees

Please contact your financial adviser for a detailed quote on fees.

Fact File

Read the relevant Fact File for details of:

When you can access your money before five years
Going over your Single Discretionary Allowance
How the Fees work

The latest fact file might not be applicable to your Investment

Minimum investment amounts

$200

 

$40 000

 
You can make extra contributions to your investment.

Tax

The following applies to you:

30% on investment growth
20% on dividends
12% on capital gains
No tax at the end of your investment*

Investment term

Short - Medium Term
5 to 10 years or more

Investment guarantees

No guarantee of investment performance

Read our brochure for more information.

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