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.

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

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.

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.

Minimum investment amounts

R 5 000

 
If you’re under
the age of 30

R 3 000

 
If you’re over
the age of 30
You can make extra contributions to your investment.

Tax

The following applies to you:

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

Investment term

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

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

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*
*We deduct the tax during the investment and pay it to SARS on your behalf. These rates are correct at x date

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.

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