Endowments are fixed term investments for a minimum period of 5 years. You can invest in Endowments by either contributing monthly or with lump sums.

During the fixed term you will be allowed one withdrawal or loan with or without penalties (depending on the service providers’ rules)

The proceeds of Endowments are tax free at the end for the selected term, as the fund (Service provider) pays tax at a fixed rate of 30% annually within the fund.