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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 22-January-2018Valid until: 26-January-2018

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***
Clientele life*L  8R 138 689.266.760%R 1 393 400.146.860%
1 LifeL  8R 138 365.006.710%R 1 383 648.006.710%
AbsaL  8R 137 499.486.576%R 1 374 994.846.576%
AssupolG 2.358 ; 11R 135 408.126.250%R 1 381 704.066.680%
Discovery*G 3.58R 133 463.495.943%R 1 369 408.196.489%
Old Mutual Wealth L  8 ; 13R 132 378.255.730%R 1 368 578.506.440%
MomentumG 2.78R 132 107.685.730%R 1 368 780.156.480%
Clientele life*G 2.438 R 132 001.965.710%R 1 364 948.526.420%
NEDgroup LIFE*L  8R 127 848.705.036%R 1 346 682.986.134%
Liberty Life

G

3.1

8- - R 1 347 356.00 6.110%



(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 140 912.007.100%R 1 409 118.007.100%
Clientele life*L  8 R 140 780.287.080%R 1 414 388.657.180%
AssupolG 2.358 ; 11R 137 330.596.550%R 1 401 241.426.980%
Discovery*G 3.58R 135 963.276.337%R 1 394 405.976.875%
MomentumG 2.78R 135 031.016.190%R 1 398 013.396.930%
Old Mutual* WealthL  8 ; 13R 134 756.946.110%R 1 392 890.126.810%
Clientele life*G 2.438R 134 012.046.030%R 1 385 593.996.740%
Liberty Life

G

3.1

8- - R 1 370 576.00 6.470%


  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 2 945.79R 4 319.58R 3 873.47
DiscoveryR 2 772.12R 4 167.06R 3 825.09
Old MutualR 2 730.58R 4 138.67R 3 656.66
MomentumR 2 679.89R 4 170.45R 3 806.42


  1. * Male 60 alb (DOB 01/01/1958)
  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 2 954.05 R 4 358.51 R 3 864.73
Just Lifetime Income (Med)6 R 3 158.30 R 4 502.97 R 3 955.06
Just Lifetime Income (High)6 R 3 450.04 R 4 701.79 R 4 093.75


  1. * Male 60 alb (DOB 01/01/1958)
  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 1 950.23R 283.56R 1 666.6714.540%
MetropolitanR 1 904.82R 238.15R 1 666.6712.503%
MomentumR 1 884.49R 217.82R 1 666.6711.559%
Old MutualR 1 883.48R 216.81R 1 666.6711.511%


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 531.87R 77.33R 5 318.74R 773.33
Clientele life*G 2.435 ; 9R 523.02R 75.11R 5 308.90R 772.70
Discovery*G 3.55 ; 6R 466.45R 23.30R 5 143.18R 545.48
MomentumG 2.75R 417.15R 27.74R 5 099.04R 626.67
NEDgroup LIFE*L  5R 414.11R 28.30R 4 892.62R 426.63



(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 544.24R 80.99R 5 520.90R 832.20
Discovery*G 3.55 ; 6R 491.53R 26.84R 5 390.59R 580.45
MomentumG 2.75R 451.85R 35.83R 5 438.01R 711.29

    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 : E4974 97449 7629A 801D4
MetropolitanMetquote Codes : 80AC3 0698B 469D0 9023C
MetropolitanMetquote Codes : 5485B 9EE46 38454 703FC
MomentumAnn : A-MXDIQE3-N4EOLKJ-IQABRQ7
MomentumGuar : G-YHDIQ9K-J4FOQF7-IKGBB29
MomentumGe : GE-DCEJC-EDEDH-CLBCL-EFJBC-IJHDB-CDBCD
Old MutualMax Income : 8Y2H6HJYJYJYJJJJJHJHH3HHL4HNL3HH575
Old MutualAnn : M569K LY5P3 BS8Q8 RCUK8
Old MutualBond : CW8UUUUUUUUUUUUUUUUUUUC8UUUUUUUMLQP
For further information or comments please contact us at info@MoonstoneInfo.com or visit our website http://www.MoonstoneInfo.com.