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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 04-December-2017Valid until: 08-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 143 830.007.540%R 1 438 302.007.540%
AbsaL  8R 143 218.517.448%R 1 432 185.057.448%
Clientele life*L  8R 141 901.347.250%R 1 425 641.227.350%
AssupolG 2.358 ; 11R 140 451.907.030%R 1 433 627.247.470%
Old Mutual Wealth L  8 ; 13R 138 419.116.610%R 1 431 135.457.310%
Discovery*G 3.58R 138 091.026.668%R 1 416 889.097.218%
Clientele life*G 2.438 R 137 588.566.590%R 1 421 661.587.290%
MomentumG 2.78R 136 904.696.450%R 1 418 655.017.210%
NEDgroup LIFE*L  8R 133 069.955.881%R 1 401 805.606.989%
Liberty Life

G

3.1

8- - R 1 389 227.00 6.800%



(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 146 457.007.930%R 1 464 573.007.930%
Clientele life*L  8 R 144 030.967.570%R 1 447 016.777.670%
AssupolG 2.358 ; 11R 142 431.377.330%R 1 453 748.957.770%
Old Mutual WealthL   8 ; 13R 140 906.43 6.980%R 1 456 558.537.680%
Discovery*G 3.58R 140 677.477.064%R 1 442 753.667.606%
MomentumG 2.78R 139 936.306.920%R 1 449 108.907.670%
Clientele life*G 2.438R 139 666.316.910%R 1 442 989.457.610%
Liberty Life

G

3.1

8- - R 1 413 211.00 7.160%


  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 3 131.75R 4 496.43R 4 051.97
Old MutualR 2 931.02R 4 361.48R 3 888.99
DiscoveryR 2 924.97R 4 324.33R 3 972.25
MomentumR 2 896.81R 4 411.09R 4 059.27


  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 3 187.64 R 4 597.81 R 4 101.92
Just Lifetime Income (Med)6 R 3 391.39 R 4 740.07 R 4 192.53
Just Lifetime Income (High)6 R 3 677.83 R 4 932.15 R 4 331.07


  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 1 972.29R 305.62R 1 666.6715.496%
MetropolitanR 1 941.63R 274.96R 1 666.6714.161%
MomentumR 1 915.03R 248.36R 1 666.6712.969%
Old MutualR 1 910.20R 243.53R 1 666.6712.749%


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 595.17R 92.23R 5 951.69R 922.25
Clientele life*G 2.435 ; 9R 573.24R 89.35R 5 888.80R 940.10
Discovery*G 3.55 ; 6R 523.16R 39.97R 5 719.69R 721.68
NEDgroup LIFE*L  5R 479.90R 40.73R 5 554.11R 573.85
MomentumG 2.75R 473.56R 41.67R 5 676.89R 777.73



(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 594.35R 95.66R 6 099.50R 1 004.40
Discovery*G 3.55 ; 6R 547.90R 43.88R 5 963.60R 760.19
MomentumG 2.75R 508.30R 50.63R 6 016.79R 871.23

    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 : 8D474 6C0EA 6F761 C0117
    MetropolitanMetquote Codes : BFD11 EE077 786A2 B02AA
    MetropolitanMetquote Codes : 03E82 9A064 7AFBC E03B7
    MomentumAnn : A-4XCCQEF-94EBPGN-HRABRUR
    MomentumGuar : G-YXDCQ9G-J4EOQOF-HKEBBO9
    MomentumGe : GE-DCEID-FBGDH-CLBCM-BDHBC-JHCDB-CIBCD
    Old MutualMax Income : 6MKH9YYYYJYJJJJJJJHHHH3HLENN6JHHWR2
    Old MutualAnn : NC7QZ WKBA9 5VUXM 7TQ5K
    Old MutualBond : 58GUUUUUUUUUUUUUUUUUUUFXUUUUUUUMD62



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