Retirement Income Plans

Our Retirement Income Plans are designed to give you a regular income throughout your retirement. The Living Annuity allows you to manage your retirement savings the way that you want to, while the Fixed Annuity gives you peace of mind from knowing what your income will be in retirement.

Work out the retirement income boost you can get on our living annuity


Calculate now

With the Living Annuity, you choose the income you want to receive. And you get rewarded for being proactive about managing your money and your health in retirement. You can receive boosts to your retirement income of up 50% for life.

At a glance

Investment term

Long term
More than 10 years

Minimum investment amounts

R60 000

 
You can make extra contributions to your investment.

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.

Tax

The following applies to you:

Income payments (annuities) are taxed as gross income

Fact File

Read the relevant Fact File for details of:

How you can get boosts to your investments
How the fees work
What happens to your investment on your death

The latest fact file might not be applicable to your Investment

Investment guarantees

No guarantee of investment performance

Do you want to protect your investment from life events and poor market conditions?

Read our brochure for more information.

With the Fixed Annuity, you’ll receive a monthly income for the rest of your life.

At a glance

Fees

Your lump sum contribution will be reduced by any financial adviser initial fees plus VAT if applicable. The balance will be used to buy your annuity income. No additional charges will be levied.

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

Fact File

Read the relevant Fact File for details of:

Choosing a guarantee term
What happens to your investment on your death
How the fees work

The latest fact file might not be applicable to your Investment

Minimum investment amounts

R60 000

 
You can make extra contributions to your investment.

Tax

The following applies to you:

Income payments (annuities) are taxed as gross income.

Investment term

Long term
More than 10 years

Investment guarantees

No guarantee of investment performance

Do you want to protect your investment from life events and poor market conditions?

Read our brochure for more information.

Log in

Please click here to login into Discovery Digital Id

Please click here to login into Discovery Digital Id