Discovery Retirement Optimisers

By converting unused life cover from your Discovery Life Plan or Discovery Dollar Life Plan into retirement savings, this plan can help you to achieve the retirement you aspire to.

Work out the Discovery Boosts you can earn on your investment


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For Discovery Life Plan owners: You can add the Discovery Retirement Optimiser to your Discovery Life Plan to increase your savings before you retire – and get more out after you retire.

At a glance

Investment term

You choose your retirement date. Legislation allows you to retire from age 55.

 

Minimum investment amounts

R 500

 
More than 15 years
to retirement date

R 750

 
Between 10 and 15 years
to retirement date
You can make extra contributions to your investment.

Fees

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:

Tax-free investment growth
Contributions can be deducted from your taxable 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

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.

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