An endowment is an investment plan that helps you save over the medium to long term, so one may suit you if you can stay invested for at least five years. An investment like this can help you save more for your child's education, for example, or an overseas trip.
Features of a endowment plan
Endowment plans are particularly tax-efficient for individuals who have an average tax rate of 30% or more.
You can nominate a beneficiary for your investment proceeds in the event of your death, making estate planning simpler.
There are limitations on how much you can contribute to and withdraw from your investment.
Lump-sum Endowment
Minimum investment amount
R75,000
The minimum lump-sum contribution is R100,000 if you invest in Cogence funds
Turn good behaviours into extra investment benefits
Our endowment plans are designed to reward you for investing more, investing longer, and living well.
Enjoy a wide choice of funds to invest in
Your plan is a collection of funds. Once you have chosen your investment plan, you can decide which funds to invest your money into. Your decision should align with an investment strategy that you and your financial adviser agree on, and the investment goals you have.
We offer access to a range of unit trust funds across various fund managers through a single-entry point. This means you can invest in a Discovery Flexible Investment and choose investment funds that are managed by leading managers.
Explore resources to empower your financial decision-making
Could you do with a little brushing-up on the fundamentals of investing well? Arm yourself with knowledge and tips to help you navigate the investment world, grow your wealth more efficiently, and have informed conversations with your financial adviser.