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
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.
For Discovery Dollar Life Plan owners under age 55: You can add the Dollar Discovery Retirement Optimiser to your Dollar Life Plan to increase your savings in US dollars before you retire – and get more out after you retire.
At a glance
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.
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
Minimum investment amounts
$200 a month
$60 a month
You can make extra contributions to your investment.Tax
The following applies to you:
30% on investment growth
20% on local dividends
20% on local dividends
12% on capital gains
No tax at the end of your investment*
Investment term
You choose your retirement date. Legislation allows you to retire from age 55.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.