Make a smart tax move and benefit from our exclusive retirement offers before tax year-end
Did you know just how much tax and retirement savings work together to help fund your financial future? Learn how you can take advantage of tax deductions and higher boosts with Discovery Invest's pre-retirement plans.
Tax year-end isn't just about crunching numbers; it's a golden opportunity to shape your financial future. At Discovery Invest, we know that tax and retirement savings go hand in hand - and how understanding that connection can help you maximise your tax benefits and funnel more savings towards a comfortable retirement.
You can save on tax by investing in a retirement plan
Tax is a crucial part of retirement planning, because when you increase your retirement savings, you not only improve the chances you'll retire stress-free one day, you also significantly reduce your taxes right now.
Retirement annuities and preserver plans are among the best ways to save for retirement because they come with great tax benefits. Investing in them will help your nest egg grow faster, and the money you make on your investment is tax-free.
South Africans can claim a tax deduction of up to 27.5% of their taxable income or remuneration, capped at a maximum of R350,000 per year.
If you get a bonus or a tax refund this year-end, you can use the opportunity to boost your retirement savings to make sure you get the retirement you deserve.
With us, smart financial habits will boost your savings
But wait, there's more! We don't just offer run-of-the-mill retirement plans. We're different because we reward you for managing your money and health wisely with boosts and fee discounts.
For example, when you invest specifically in one of our Retirement Annuities or Preserver Plans, you can get rewarded for healthy investment behaviours with an investment boost of up to 25%!
How is this possible? Well, healthy financial behaviours like investing for longer and investing more means your savings are bigger and have more time to compound - which happens exponentially. So if you commit to longer investment periods and put in more money, we'll boost your returns by up to 20%.
Secure even higher boosts with our current offers
1. New clients can get higher boosts for investing for longer
If you invest in a lump-sum Retirement Annuity or Preserver Plan with Discovery Invest, you can now get rewarded with a boost of up to 24% for investing longer. Find out more.
2. Existing clients can enhance their boosts by investing more
If you're a client with an existing lump-sum Retirement Annuity, you can now get rewarded with enhanced boosts of up to 25% on extra contributions. Find out more.
Our current offers are only available until 28 February 2025, so don't let this opportunity to maximise on your tax benefits pass you by.
Secure your financial future with smart retirement planning
To sum it up, planning for your retirement means making smart choices that not only secure your financial future, but also get you the best tax benefits. Contact your financial adviser now to take advantage of our current offers. If you don't have a financial adviser, fill out the form below and we'll have one contact you.
This document is meant only as information and should not be taken as financial advice. For tailored financial advice, please contact your financial adviser. Discovery life investment services pty (ltd): registration number 2007/005969/07, branded as discovery invest, is an authorised financial services provider. All life assurance products are underwritten by discovery life ltd. Registration number: 1966/003901/06, a licensed life insurer,an authorised financial service provider and registered credit provider, ncr reg no. Ncrcp3555. All boosts are offered through the insurer, discovery life limited. The insurer reserves the right to review and change the qualifying requirements for boosts at any time. Product rules, terms and conditions apply.
Secure your financial future through our wide range of investments
We know that not everyone is at the same stage in their lives and everyone has their own reasons for investing. That's why we have designed products to meet your needs, whatever stage you're at. So, tell us about yourself so you can consider investments that are relevant to you.