Tax free investments

Saving is an important part of planning for your future. The Income Tax Act now allows financial institutions to offer a tax-free savings account to investors.

This means that any growth on the amount invested in your tax-free savings account will attract no tax.

You can invest up to R 33,000 a year or R 2,750 per month with a lifetime limit of R500 000. With the tax efficiency of Discovery’s new Tax-Free Flexible Investment Plan, all the tax you would traditionally pay on investing is reduced to Zero.

A comprehensive range of funds are available in our Tax-free Flexible Investment Plan to cater to your needs and risk profile. This includes both Discovery’s own funds as well as a range of externally managed funds.

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