The Smart Life Plan was designed with younger clients in mind by using an efficient and relevant product chassis with simplified benefit options. It offers comprehensive and dynamic cover that protects both your clients’ future lifestyle and their families’ financial security. The Smart PayBack Fund allows your clients to receive up to 100% of their qualifying Smart Life Plan premiums back for managing their health and wellness and practising good driving behaviour. Key issues faced by young professionals The Smart Life Plan was designed with younger clients in mind by using an efficient and relevant product chassis with simplified benefit options. It offers comprehensive and dynamic cover that protects both your clients’ future lifestyle and their families’ financial security. The Smart PayBack Fund allows your clients to receive up to 100% of their qualifying Smart Life Plan premiums back for managing their health and wellness and practising good driving behaviour.
Unique features on Smart Life Plan
Smart Payback Fund Qualifying clients will accrue a minimum of 50% of their qualifying premiums annually towards their Smart PayBack Fund. The value of this Fund is automatically added to their Classic Life Plan PayBack on conversion (at age 30 or earlier through servicing) and is paid on their first policy anniversary at least five years after conversion. Clients can increase this accrual to up to 100% of their qualifying premiums by being healthy and driving well. UP TO 39% UPFRONT PREMIUM DISCOUNT By linking their Smart Life Plan to their other Discovery products, clients can receive an upfront premium discount of up to 39% through the power of Integration. Source: Discovery
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Increase your Vitality Points at our Vitality Wellness Day
Vitality members start at Blue Vitality status, progress to Bronze, Silver, Gold and, ultimately, Diamond status.Members who have earned enough Vitality points to get to Gold Vitality status for three consecutive years are awarded Diamond Vitality status in the following year. You can earn up to 30 000 points on a Vitality Wellness Day so to help you reach that goal Daberistic will be hosting, a one stop Vitality Wellness day Event details below: Date : Thursday, 15 March 2018 Place : Bock B, Infinity Business Park, 4 Pieter Wenning Road Duration: Approximately 1hr30min Time slots available : 8:00am to 14:00pm Please take note the cost for the assessment is R800.00 payable prior to the assessment which you can claim back from Discovery. The assessment includes: · Vitality Fitness assessment-Claimable from Medical Savings if on Discovery Medical Aid · Vitality Nutrition assessment - Claimable from Medical Savings if on Discovery Medical Aid · Health check assessment - Claimable if you on any Discovery Medical Aid option For payments please make deposit into below account : Bank: FNB Branch Code: Randburg 254005 Account holder: Daberistic Solutions Account Number: 62046638914 Cheque account Reference: Your Name & Surname Please send us proof of payment once payment is done For more information please contact Koketso [email protected] or call us on 011 658 1333 ![]() Around this time of the year, we would like to remind you to consider topping up your retirement annuity fund. Discovery is one of our preferred providers for Retirement annuity and it makes your life easier for you by:
Your contribution must reach Discovery by 28 February 2018 for your investment to go through before the end of the tax year. For more information on the Discovery Retirement Plans, please respond to this mail so that I can arrange an appointment with you. To top your retirement annuity , please contact Kevin or Ray, email: [email protected] tel no: (011 658-1333) Source: Discovery ![]() Never underestimate the power of being clued up and learning the basics of retirement speak. These terms should get you off to a good start: Provident Fund If you are working for a company, you’ve probably heard of this one. It is a compulsory saving tool set up by your employer. Your contribution is taxed, but your employer’s isn’t, so often the employer makes the contribution on the employee’s behalf. At retirement, the fund’s benefits are fully available in cash once the tax has been paid. Retirement Annuity This is similar to a provident fund but is a retirement-saving vehicle largely used by self-employed individuals or those without a provident fund option at work. There is a tax saving, as contributions are subtracted from your gross annual income before tax is calculated. At retirement, only a third of the capital can be taken as a lump sum. The remaining two thirds must be used to purchase a compulsory annuity product such as an investment – linked living annuity or life annuity. Fund benefits can only be accessed at retirement (usually after the age of 55). Preservation Fund If you’re planning to change jobs, this is definitely one to remember. Preservation funds are literally meant to preserve capital. There are two types of preservation funds: a pension preservation fund and a provident preservation fund. If you belong to a pension fund: On resignation, you can transfer your funds to a preservation pension fund. No tax is paid when the money is transferred and the fund allows for a single withdrawal of any capital prior to retirement. At retirement, a maximum of one third of your capital can be taken as a cash lump sum, while the remaining two thirds must be used to purchase an annuity. If you belong to a provident fund: On resignation, you can transfer your funds to a provident preservation fund. No tax is paid when your money is transferred, and the fund allows for a single withdrawal of any capital sum prior to retirement. At retirement, the total capital can be taken as a lump sum, or you can use the cash to purchase an annuity. Defined-benefit retirement fund This is a traditional pension fund that considers, among other factors, the number of years you have been part of the fund and your salary at retirement, to define the benefits accrued. The advantages are that you don’t take on the investment risk, and you can calculate the exact amount you receive at retirement (that is a percentage of your final salary). The downside is that your pension may not keep pace with inflation because increases in contributions and benefits are at the discretion of the fund’s trustees. There are not many of these funds around today because most companies have moved over to defined contribution funds over the past few decades. Defined contribution retirement fund Contributions to this fund are paid by the employer and the member but, unlike a defined benefit retirement fund, the amount of money you receive on retirement is not guaranteed. The member decides where the fund invests their contributions and takes on the full investment risk. If the markets yield good returns, you may have a much higher pension at retirement but if they do poorly, you could stand to lose. To get an appointment with our Financial advisor to discuss the different options, please contact Kevin or Ray, email: [email protected] tel no: (011 658-1333) Source: Sanlam ![]() There are many ways to build a thriving business, but all successful entrepreneurs share a few common habits. While some of these traits are obvious, others might take you by surprise. And they all have real-world investment relevance. 1. Successful entrepreneurs set SMART goals It goes without saying that smart entrepreneurs set SMART goals. SMART is an acronym which refers to goals that are Specific, Measurable, Agreed upon, Realistic and Time-based. Smart entrepreneurs know that it can take a long time to build a business and even longer to make real money. They have cash flow plans and sufficient liquidity to cover their basic overheads for a couple of years. What can we learn from this as investors?
Successful entrepreneurs don’t bluff, and they’re honest about their shortcomings. They incorporate strategies for overcoming their personal vulnerabilities into their business strategy, and in so doing foster trust with clients, suppliers and – significantly – staff members. This creates a safe base from which to operate. A great example of entrepreneurial honesty is the recent admission by Dara Khosrowshahi, the new CEO of Uber, that he is fearful of his ability to succeed in one of the most challenging jobs around. Despite it being regarded as one of the most successful market disruptors to date, the reality is that about 50% of the cost of every trip you take is subsidised by Uber itself, using some of the stockpiles of cash it has from its venture capital investors. What can we learn from this as investors?
Consistently great entrepreneurs never attempt to do business they don’t understand, even if they’re excellent at delegating and employ professionals with superior knowledge and their own great ideas. Understanding a business includes understanding the ins and outs of the industry, and being aware of your capabilities, competitors, limitations and priorities. Highly successful entrepreneurs know that, at the end of the day, they are personally accountable for all their investment decisions. What can we learn from this as investors?
The good thing is that we’re all entrepreneurs. We’re all creative, adaptive survivors and we all can make SMART investment decisions for long-term success. Investing in unit trusts is an easy way in which to use goal setting, honesty and limited knowledge to our advantage. There’s a large variety which all cater to different (and specific) goals. There are those geared for shorter-term investing, including money market and bond unit trusts; and those geared to long-term growth including local and offshore equity unit trusts. As ever, the age-old principle of time horizon-based investing and diversification applies. When it comes to honesty and lack of knowledge, unit trusts provide peace of mind as they allow investors to relying on highly-qualified and experienced portfolio managers who have in-depth insights into choosing the best assets for a specific portfolio. To set up an appointment with our Financial Planners to assist in your investments planning with our Financial Planners, please contact Kevin, email: [email protected] tel no: (011 658-1333) Source: Prudential ![]() The end of February is the end of the tax year. Carla Rossouw explains why this is a good time to take maximum advantage of the incentives the government has put in place to encourage us to save. There are certain annual tax benefits available for you through your retirement fund and tax-free investment (TFI) account. You forfeit these if you don't act each year. As we approach the end of the tax year (28 February), it is worthwhile looking at your finances. If you have cash to spare, consider taking full advantage of the tax incentives. Individuals are allowed to invest R33 000 per year up to a lifetime maximum of R500 000 in a TFI account. Like a retirement fund, you benefit from growth free of dividends tax, income tax on interest and capital gains tax - a big win if you invest for the long term. In terms of flexibility, TFIs are similar to unit trust investments, but your return potential is higher than in a basic unit trust, as you can see in Graph 1, which shows the impact of tax over 10 years. The red line illustrates the 10-year return of the Balanced Fund, while the black line reflects the return an investor would receive after tax - although of course this differs for everyone as it is based on your personal tax rate and circumstances. The catch is that if you exceed the maximum investment amount in a TFI, the tax penalties are high. To top up or open up a Tax Free Savings account , please contact Kevin or Ray, email: [email protected] tel no: (011 658-1333) Source: Allan Gray ![]() Discovery Balanced Fund is a flagship fund offered by Discovery Invest. It is only available on the Discovery Invest platform. It is managed by Chris Freund of Investec Asset Management, a very experienced and successful portfolio manager. He manages investments using an earnings revision approach. Discovery Balanced Fund has attracted a lot of inflows, in fact the fastest growing balanced fund in South Africa, thanks to clients and advisors' support, benefiting from the integration and unique features of a range of Discovery Invest products. Discovery Balanced has been a consistent top-quartile performer in the high-equity balanced fund sector, with the (annualised) performances figures as follows: 10 years: 10.14% 5 years: 11.52% 3 years: 8.05% 1 year: 11.34% This fund has a high cost, with a Total Investment Charge (TIC) of 2.12%. This makes it one of the most expensive balanced funds to invest in. I question this high fund management fee, even given its good performance figures. Were it not for various integration and fee reduction structures offered by Discovery Invest for investing in a Discovery fund, this will erode net returns to investors over the long term. Discovery Balanced Fund is suitable for general long-term investment. Being Regulation 28 compliant, it is suitable for use in a retirement product.Below is the link to download Discovery Balanced Fund's fund fact sheet as at end December 2017. To invest in Coronation Fund, please contact Kevin or Ray, email: [email protected] tel no: (011 658-1333) Source: Kevin Yeh (LInkedin) |
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