Increase your retirement savings and income for a successful retirement

The current retirement landscape

Only 6% of South Africans are prepared for retirement. People are living longer, healthier lives, and are therefore living longer in retirement. This leads to a general decline towards financial distress in retirement. This is due to retirement funding having to sustain a desired level of retirement income for longer.

To combat this challenge, people would need to start saving earlier to ensure that they have sufficient retirement savings to fund their lifestyle in retirement. They also need to be increasingly conservative with their income in retirement to ensure that their fund value is not depleted and therefore can sustain their annuity income for longer.

People live longer, leading to assets remaining invested for longer which results in surplus profits. Discovery Invest channels these surplus profits back to you in the form of boosts to retirement funding and retirement income.

Retire with increased retirement savings

You can boost your retirement savings by up to 15% with the new Retirement Upfront Investment Integrator. The boost depends on your term to selected retirement. The longer the term to selected retirement, the larger the boost, a minimum term of 10 years applies to qualify for the upfront boost. Discovery Invest has designed the boost to increase your retirement savings in order to reduce the risk of running out of retirement funds, thus ensuring that you can retire with greater peace of mind.

This benefit is available on the Discovery lump-sum Retirement Plans and Preserver Plans. The boost will be proportional to the amount invested in Discovery Funds and will vest into your lump-sum Retirement or Preserver Plan at your selected retirement date.

Increase your retirement income by up to 50%

The Retirement Income Investment Integrator is a world-first structure that rewards you for looking after your health and conserving your retirement savings with sustainable income drawdowns. You can get up to 50% extra on your retirement income for ten years.

The Retirement Income Investment Integrator is available on the Discovery Linked Retirement Income Plan. The extra amount will be proportional to the amount you have invested in Discovery Funds and will apply for the first ten years of retirement. The income boosts will be paid directly into your bank account after income tax is deducted.

Speak to your financial adviser to get more information on the latest Discovery Retirement Integrators and how you can benefit from them.

Discovery Invest is an authorised financial services provider. Registration number 2007/005969/07. For more information on Discovery Invest, contact your financial adviser.