Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 13-August-2018Valid until: 17-August-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***
1 LifeL  8R 142 631.007.360%R 1 426 305.007.360%
Clientele life*L  8R 142 497.737.340%R 1 431 627.397.440%
AbsaL  8R 141 963.647.259%R 1 419 636.387.259%
AssupolG 2.358 ; 11R 139 601.006.900%R 1 424 977.337.340%
Discovery*G 3.58R 134 889.186.168%R 1 384 051.956.716%
Old Mutual Wealth L  8 ; 13R 134 567.166.050%R 1 391 301.296.750%
MomentumG 2.78R 134 144.006.050%R 1 389 866.006.810%
Clientele life*G 2.438 R 134 012.046.030%R 1 384 945.076.730%
NEDgroup LIFE*L  8R 133 145.335.892%R 1 372 432.966.536%
Liberty Life

G

3.1

8- - R 1 380 391.00 6.590%



(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 145 240.007.750%R 1 452 401.007.750%
Clientele life*L  8 R 144 634.497.660%R 1 453 074.617.760%
AssupolG 2.358 ; 11R 141 570.887.200%R 1 445 001.997.640%
Discovery*G 3.58R 137 438.946.567%R 1 409 549.587.107%
MomentumG 2.78R 137 138.006.520%R 1 419 948.007.260%
Old Mutual* WealthL  8 ; 13R 137 007.226.430%R 1 416 241.337.130%
Clientele life*G 2.438R 136 046.536.350%R 1 405 831.787.050%
Liberty Life

G

3.1

8- - R 1 404 393.00 6.950%


  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
Old MutualR 2 905.48R 4 271.23R 3 838.96
MetropolitanR 2 781.79R 4 207.48R 3 803.85
DiscoveryR 2 744.91R 4 130.02R 3 767.59
MomentumR 2 719.90R 4 210.68R 3 851.06


  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 Annuities: contact your financial adviser or your nearest Metropolitan branch. Alternatively, contact our call centre on 0860 724 724.
  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 2 975.40 R 4 371.71 R 3 872.06
Just Lifetime Income (Med)6 R 3 183.65 R 4 518.86 R 3 966.58
Just Lifetime Income (High)6 R 3 478.18 R 4 719.89 R 4 110.96


  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 1 961.66R 294.99R 1 666.6715.038%
MomentumR 1 897.49R 230.82R 1 666.6712.165%
Old MutualR 1 879.36R 212.69R 1 666.6711.317%
MetropolitanR 1 859.88R 193.21R 1 666.6710.388%


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 579.85R 87.19R 5 798.54R 871.97
Clientele life*G 2.435 ; 9R 573.24R 89.35R 5 810.70R 916.70
Discovery*G 3.55 ; 6R 485.57R 29.78R 5 338.96R 614.82
NEDgroup LIFE*L  5R 472.04R 39.13R 5 222.89R 497.65
MomentumG 2.75R 444.21R 36.34R 5 378.98R 721.32



(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 6 021.50R 980.40
Discovery*G 3.55 ; 6R 510.85R 33.55R 5 588.25R 652.01
MomentumG 2.75R 479.28R 45.00R 5 722.55R 812.60

    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 : F68BD 9A196 D3194 701D1
MetropolitanMetquote Codes : 013DD 5F6A4 180FD D020E
MetropolitanMetquote Codes : 3B229 2F48F D2B0B B034B
MomentumAnn : A-4XDCQE7-34G7LFF-KUABRIU
MomentumGuar : G-YHDCQ9P-J4EOQEJ-KKFBBS9
MomentumGe : GE-DCEJC-LCFDH-CLBCL-IFJBC-JCJDB-CDBCD
Old MutualMax Income : 7NW873ZYYJYYYYJYHH3HYZ6Y3E33YNNJDH9
Old MutualAnn : FNHXS M94MK R7ACA YVNNU
Old MutualBond : TG8UUUUUUUUUUUUUUUUUUUA8UUUUUUUM6Y2
For further information or comments please contact us at info@MoonstoneInfo.com or visit our website http://www.MoonstoneInfo.com.