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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 27-November-2017Valid until: 01-December-2017

This information is supplied as part of our commitment to support and strengthen independent financial advisors. The information contained below is part of our growing product research offering.

In order to understand the difference between guaranteed (G) and linked (L) rates, kindly click here for a detailed explanation.

Secured Investment Rates

(Commission at 3% plus VAT - 3.42)
Comparison of secured investment rates (Investment for five year period)
InstitutionNature of Security CAR RatioNotesSecured Return**% Return on investment**Secured Return***% Return on investment***
1 LifeL  8R 143 897.007.550%R 1 438 971.007.550%
AbsaL  8R 143 274.897.457%R 1 432 748.897.457%
AssupolG 2.358 ; 11R 140 124.146.980%R 1 429 629.777.410%
Discovery* G 3.58R 137 932.196.643%R 1 415 259.437.193%
MomentumG 2.78R 137 226.066.500%R 1 421 985.197.260%
Old Mutual Wealth L  8 ; 13R 137 171.226.510%R 1 417 635.017.210%
Clientele life*G 2.438 R 136 944.366.490%R 1 415 048.607.190%
NEDgroup LIFE*L  8R 133 374.495.929%R 1 405 013.697.038%
Liberty Life

G

3.1

8- - R 1 387 701.00 6.760%



(Commission at 1.5% plus VAT - 1.71)
Comparison of secured investment rates (Investment for five year period)
InstitutionNature of Security CAR RatioNotesSecured Return**% Return on investment**Secured Return***% Return on investment***
1 LifeL  8R 146 525.007.940%R 1 465 251.007.940%
AssupolG 2.358 ; 11R 142 099.927.280%R 1 449 706.647.710%
Discovery* G 3.58R 140 515.667.040%R 1 441 094.227.582%
MomentumG 2.78R 140 278.60 6.970%R 1 452 510.567.720%
Old Mutual Wealth L  8 ; 13R 139 635.656.890%R 1 442 817.207.590%
Clientele life*G 2.438R 139 014.336.810%R 1 436 297.187.510%
Liberty Life

G

3.1

8- - R 1 411 639.00 7.120%


  1. A linked policy is defined in the long term Insurance Act of 1998 as: "...a long-term policy of which the amount of the policy benefit is not guaranteed by the long-term insurer and is to be determined solely by reference to the value of particular assets or categories of assets which are specified in the policy and are actually held by or on behalf of the insurer specifically for the purposes of the policy."
  2. A company's Capital Adequacy Ratio (CAR) is the actuarially determined excess of assets over liabilities. The CAR provides a buffer against experience worse than that assumed in the financial soundness valuation.
  3. * Capital Gains Tax has been taken in account on the quoted rates of return at the current tax rates for individuals. However if the tax rate for CGT changes the additional tax will be recovered from the returns of the investment (contact institution for details)
  4. ** Initial investment is R 100,000.
  5. *** Initial investment is R 1 million.
  6. Funds received before or on the 15th of a month will have an entry date of the first of that month. Funds received after this will have an entry date of the first of the following month. The impact on the values quoted on these pages should be born in mind when comparing data.
  7. VAT on commission has been taken in account for Old Mutual Wealth ,Discovery,,ABSA,Sanlam,Clientèle Life,Liberty Life,and Momentum.
  8. Capital Gains Tax has been taken in account on the quoted rates of return at the current tax rates for individuals. Any change in the tax rate for CGT will not affect the returns of the investment (contact institution for details)
  9. " Clientèle Life 's Guaranteed Growth Plan Initial Capital and Interest rate is guaranteed back to the beneficiary when they elect to surrender the policy at death at any given time during the five years.
  10. The full maturity value is payable on death (excluding pre-existing conditions - please see the Discovery Invest Fact File for details)
  11. The returns for the Guaranteed-return Single-premium Policy may change during the week. Please refer to Assupol Life for their latest rates.
  12. Liberty advises that, as of Monday, 9 May 2016, its minimum premium on the "Guaranteed Investment Plan" and "Guaranteed investment plan - income option" increased to R150 000. Investments above the new value will be subject to the same standard rates and enhancements applicable in the past.
  13. Old Mutual Wealth - Underwritten by Clientele Life.

Compulsory Annuity

Not underwritten

Comparison of monthly annuity income (R500000 compulsory, monthly paid in arrears)
Institution Escalating 10yrs Certain &
Thereafter* (C&T)		 Single Life* 10 C&T Joint & Survivor**
10 C&T
MetropolitanR 3 127.28R 4 496.33R 4 053.50
DiscoveryR 3 017.31R 4 401.92R 4 070.55
Old MutualR 2 926.33R 4 358.05R 3 884.93
MomentumR 2 902.07R 4 419.18R 4 066.83


  1. * Male 60 alb (DOB 01/01/1957)
  2. ** Male and female 60 alb
  3. 0% Tax deducted
  4. Escalation at 5% per Annum
  5. Metropolitan Life Annuity Quotation Line for quotations and information- call 0860 99 00 99
  6. Funds received before or on the 15th of a month will have an entry date of the first of that month. Funds received after this will have an entry date of the first of the following month. This will impact on the values quoted on these pages, and should be born in mind when comparing data.

Underwritten

Institution Escalating 10yrs Certain &
Thereafter* (C&T)		 Single Life* 10 C&T Joint & Survivor**
10 C&T
Just Lifetime Income (Low)6 R 3 211.62 R 4 621.39 R 4 127.83
Just Lifetime Income (Med)6 R 3 413.38 R 4 762.34 R 4 217.06
Just Lifetime Income (High)6 R 3 697.38 R 4 952.59 R 4 353.64


  1. * Male 60 alb (DOB 01/01/1957)
  2. ** Male and female 60 alb
  3. 0% Tax deducted
  4. Escalation at 5% per Annum
  5. Funds received before or on the 15th of a month will have an entry date of the first of that month. Funds received after this will have an entry date of the first of the following month. This will impact on the values quoted on these pages, and should be born in mind when comparing data.
  6. The annuity will vary depending on a number of socio-economic, lifestyle and medical factors. As examples:
    - “Low” would apply for a mild condition such as high blood pressure, cholesterol, overweight or diabetes.
    - “Medium” would apply for a moderate condition such as diabetes, liver diseases, epilepsy, moderate obesity, or a combination of mild conditions.
    - “High” would apply for a more severe condition such as a heart disease, cancer, severe stroke, severe obesity, uncontrolled diabetes or a combination of less severe conditions.
  7. Please see http://www.justsa.co.za/for more details


Voluntary Annuity

Comparison of monthly annuity income (R100000 Voluntary, 5 year term certain)
InstitutionGross IncomeTaxable PortionTax Free PortionTaxable Percentage
AbsaR 1 976.49R 309.82R 1 666.6715.675%
MetropolitanR 1 940.34R 273.67R 1 666.6714.104%
MomentumR 1 915.65R 248.98R 1 666.6712.997%
Old MutualR 1 909.62R 242.95R 1 666.6712.723%


Annuity with Capital Secured

(Commission at 3% plus VAT - 3.42)
Comparison of monthly annuity income on income plans with capital secured.
(Investment amounts R100 000 and R1 000 000)
InstitutionNatureSecurityCARRatioNotesGross annuity income
(R100 000)		Taxable portion
(R100 000)		Gross annuity income
(R1 000 000)		Taxable portion
(R1 000 000)
AbsaL  5R 596.98R 93.58R 5 969.82R 935.80
Clientele life*G 2.435 ; 9R 577.16R 90.50R 5 927.90R 951.80
Discovery*G 3.55 ; 6R 546.05R 43.34R 5 944.84R 754.49
NEDgroup LIFE*L  5R 483.05R 41.35R 5 585.75R 581.38
MomentumG 2.75R 476.96R 42.31R 5 710.87R 784.10



(Commission at 1.5% plus VAT - 1.71)
Comparison of monthly annuity income on income plans with capital secured.
(Investment amounts R100 000 and R1 000 000)
InstitutionNatureSecurityCARRatioNotesGross annuity income
(R100 000)		Taxable portion
(R100 000)		Gross annuity income
(R1 000 000)		Taxable portion
(R1 000 000)
Clientele life*G 2.435 ; 9R 598.25R 96.84R 6 138.50R 1 016.50
Discovery*G 3.55 ; 6R 521.30R 39.44R 5 700.78R 716.06
MomentumG 2.75R 511.66R 51.27R 6 050.42R 877.92

    A linked policy is defined in the long term Insurance Act of 1998 as: "...a long-term policy of which the amount of the policy benefit is not guaranteed by the long-term insurer and is to be determined solely by reference to the value of particular assets or categories of assets which are specified in the policy and are actually held by or on behalf of the insurer specifically for the purposes of the policy."
  1. Income is guaranteed/secured for a five-year term after which the capital is guaranteed back to the investor.
  2. * Investor should not have to pay capital gains tax (contact institution for details)
  3. Nedgroup Life pay monthly in advance as opposed to other institutions that pay monthly in arrears.
  4. VAT on commission has been taken in account for Nedgroup Life ,Sanlam,Investment Frontiers Old Mutual, ABSA,and Momentum.
  5. The full maturity value of the endowment policy is payable on death (excluding pre-existing conditions – please see the Discovery Invest Fact File for details)
  6. Clientèle Life's Guaranteed Income - Annuity with Capital Guarantee: VAT is taken into account on the plan and the value will not change for Vat-payable brokers or non VAT-paying brokers. The initial capital amount is guaranteed back to the beneficiary when they elect to surrender the policy at death at any given time during the five years at a different quotation.


    Annuity codes
     
    InstituteAnnuity code
    MetropolitanMetquote Codes : EE230 234EA C2608 60171
    MetropolitanMetquote Codes : 5A107 99604 4F303 00219
    MetropolitanMetquote Codes : FD64B 87517 2A37E 503C9
    MomentumAnn : A-4XCAQE7-94HBPOV-HRABRU7
    MomentumGuar : G-YHDAQ9F-J4HOQGZ-HKHBBW9
    MomentumGe : GE-DCEID-EDJDH-CLBCM-CCLBC-JHHDB-CIBCD
    Old MutualMax Income : U8KHTZYYYJYJJJHJJHJHHHHHLENN6JHH4YF
    Old MutualAnn : K3PH3 8MTZB 39LFP KBH35
    Old MutualBond : 9CGUUUUUUUUUUUUUUUUUUUFPUUUUUUUM3V8



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