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Get Discovery Invest Withdrawal Request Form
Withdrawal request form (This form must be completed for withdrawals on Endowment Plans and Flexible Investment Plans) Contact us Tel: 0860 67 5777, PO Box 653574, Kenmore, 2010, www.discovery.co.za.
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Nancial FAQ
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Any withdrawal in the first five years may not exceed the contributions accumulated at 5% per year compound interest. After five years, you may make withdrawals from your investment as required. You may make a once off lump sum contribution or recurring monthly contributions to the Discovery Invest Endowment Plan.
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No withdrawals until age 55, which means that you preserve your savings for retirement. We reward you for investing longer with a boost of up to 20% to your initial investment. You can get increased global exposure by linking your boost to global funds.
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Yes, call the Discovery Invest Contact Centre on 0860 67 57 77 or email invest_support@discovery.co.za.
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Withdrawal requests from your investment account may take up to 7-10 business days to be fully processed and your funds settled in your selected bank account.
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Our Flexible Investment Plans allow you to access your money whenever you need it. We give you the freedom to choose from top local and international funds, managed by leading fund managers. Whether you chose to invest a lump-sum or monthly, locally or offshore, we have a plan to meet your needs.
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A Flexible Investment Plan allows you access to your money when you need it. This investment is ideal if you are looking for a short- to medium-term investment, like saving for unforeseen expenses on a rainy day.
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You are allowed a full or partial withdrawal from your preservation fund before retirement. The earliest retirement date is usually 55, although this is subject to the fund rules. These issues are important because they determine if you can a) make another withdrawal and b) the tax thereon.
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You can only withdraw cash from your brokerage account. If you want to withdraw more than you have available as cash, you'll need to sell stocks or other investments first. Keep in mind that after you sell stocks, you must wait for the trade to settle before you can withdraw money from your brokerage account.
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