Retirement Annuities

Our Retirement Annuities give you more than conventional retirement solutions. You also get rewarded for taking proactive steps to manage your money and your health. Whether you invest a lump-sum or pay in monthly contributions, we have a plan that’s right for you.

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We reward you for investing for longer, investing more and living well. This helps you to grow your retirement savings faster and gives you the opportunity to get the retirement you want.

At a glance

Investment term

With a Retirement Annuity your investment term will typically be until you retire.

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

Minimum investment amounts

R 5 000

 
Lump sum if you’re
under the age of 30

R60 000

 
Lump sum if you’re
over the age of 30
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

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.

On our recurring Retirement Annuities, you can get boosts to each contribution you make of up to 15%, fee refunds, and protection for you and your beneficiaries if you die, become severely ill or disabled before retirement

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

The latest fact file might not be applicable to your Investment

Minimum investment amounts

R500 a month

 
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 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.

Investment term

With a Retirement Annuity your investment term will typically be until you retire.

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