RECURRING DOLLAR ENDOWMENT PLAN 

Create a recurring offshore plan in hard currency with ease.

In today’s economic environment and considering the current volatility of the rand, diversification of clients’ investments into offshore assets is key to protect them against market uncertainty. 

Discovery Invest is the only company that allows clients to diversify their investments o shore on a monthly basis. With the Discovery Recurring Dollar Endowment Plan, clients can invest monthly in US dollars seamlessly.

OVERVIEW

Monthly Investing

The Recurring Dollar Endowment Plan allows clients to save monthly through a recurring offshore endowment policy, at a minimum contribution of $200 a month. The Recurring Dollar Endowment Plan is available without owning a Dollar Life Plan and is also available to all ages as there is no maximum entry age.

Simplified Fund Choice

Clients can choose from three risk-profiled funds for easy mapping to their risk profile according to their specific risk tolerance. Each of the risk-profiled dollar-denominated funds dynamically rebalance the mix of underlying asset classes to maximise performance according to clients’ risk profiles.

Convenient Investing

Discovery will facilitate monthly contributions in US dollars, where contributions are deducted locally in rands through a debit order from a client’s bank account and invested globally. The rand deduction will vary in line with changes in the rand-dollar exchange rate. Clients also don’t have to apply for tax clearance on the amount invested o shore because this investment uses the annual R1 million Single Discretionary Allowance (SDA).