Moonstone Information Refinery (Pty) Ltd
Investment Rates

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Updated: 16-March-2020Valid until: 20-March-2020

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 - 3.45)
Comparison of secured investment rates (Investment for five year period)
InstitutionNature of SecurityCAR RatioNotesSecured Return**% Return on investment**Secured Return***% Return on investment***
Clientele life*L 8137,330.596.550%1,379,762.386.650%
Clientele life*G2.438 136,366.646.400%1,370,086.666.500%
Absa*L 8136,320.666.393%1,363,206.636.393%
1LifeL 8136,174.506.370%1,364,948.526.420%
Discovery*G3.58134,876.716.166%1,383,923.956.714%
Assupol (secured)G1.948 ; 11132,897.215.853%1,356,249.076.284%
MomentumL2.68128,088.005.080%1,327,009.005.820%
NEDgroup LIFE*L 8124,677.834.510%1,276,281.565.000%



(Commission at 1.5% plus VAT - 1.725)
Comparison of secured investment rates (Investment for five year period)
InstitutionNature of SecurityCAR RatioNotesSecured Return**% Return on investment**Secured Return***% Return on investment***
Clientele life*L 8139,405.226.870%1,400,586.646.970%
1LifeL 8138,559.406.740%1,388,192.146.780%
Clientele life*G2.438138,429.646.720%1,390,794.196.820%
Discovery*G3.58137,426.236.565%1,409,419.237.105%
Assupol (secured)G1.948 ; 11134,791.146.153%1,377,758.266.619%
MomentumL2.68130,936.005.540%1,355,613.006.270%


  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, Discovery, ABSA, Clientèle Life, Momentum, and Assupol.
  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.


Compulsory Annuity

Not underwritten

Comparison of monthly annuity income (R500000 compulsory, monthly paid in arrears)
InstitutionEscalating 10yrs Certain &
Thereafter* (C&T)
Single Life* 10 C&TJoint & Survivor**
10 C&T
Assupol Life (rewired)R 3,260.58-       -      
Old MutualR 3,241.91R 4,547.22R 4,193.33
MomentumR 3,182.88R 4,608.73R 4,352.72
MetropolitanR 3,076.39R 4,457.32R 4,062.35
DiscoveryR 2,945.45R 4,240.72R 3,969.62
Assupol LifeR 2,775.36R 4,142.56R 3,786.15


  1. * Male 60 alb (DOB 01/01/1960)
  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.

Voluntary Annuity

Comparison of monthly annuity income (R100000 Voluntary, 5 year term certain)
InstitutionGross IncomeTaxable PortionTax Free PortionTaxable Percentage
Absa*R 1,928.63R 261.96R 1,666.6713.583%
MomentumR 1,861.67R 195.00R 1,666.6710.475%
Old MutualR 1,823.06R 156.39R 1,666.678.579%
MetropolitanR 1,815.99R 149.32R 1,666.678.223%


Annuity with Capital Secured

(Commission at 3% plus VAT - 3.45)
Comparison of monthly annuity income on income plans with capital secured.
(Investment amounts R100 000 and R1 000 000)
InstitutionNatureSecurityCAR RatioNotesGross annuity income
(R100 000)
Taxable portion
(R100 000)
Gross annuity income
(R1 000 000)
Taxable portion
(R1 000 000)
DiscoveryG3.505R 474.05R 18.37R 5,212.40R 489.36
Clientele life*G2.435 R 506.48R 70.66R 5,143.63R 727.67
Absa*G3.505 R 513.85R 69.79R 5,138.54R 697.95
Assupol (annuity)L1.945-       -       R 4,961.45R 415.96
MomentumL2.605R 368.76R 17.44R 4,605.46R 514.43
NEDgroup LIFE*L 5R 364.58R 20.30R 4,027.59R 263.70



(Commission at 1.5% plus VAT - 1.725)
Comparison of monthly annuity income on income plans with capital secured.
(Investment amounts R100 000 and R1 000 000)
InstitutionNatureSecurityCAR RatioNotesGross annuity income
(R100 000)
Taxable portion
(R100 000)
Gross annuity income
(R1 000 000)
Taxable portion
(R1 000 000)
Discovery*G3.505 R 498.74R 21.55R 5,455.87R 520.70
Clientele life*G2.435 R 527.74R 76.40R 5,356.04R 785.75
Assupol (annuity)L1.945-       -       R 5,168.17R 433.29
MomentumL2.605R 403.85R 24.92R 4,948.68R 592.85

    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, ABSA, Momentum, and Assupol.
  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 : 9F9C2 268B4 F0E99 80145
    MetropolitanMetquote Codes : 7475B 785AB 19865 00252
    MetropolitanMetquote Codes : 8E003 0DE9C E472E 8035D
    MomentumAnn : A-MHDYQEQ-L4FRIDW-QHABRS4
    MomentumGuar : G-YHDYQ9A-J4EOQSJ-QKGBB49
    MomentumDb : DB-DCFBC-GCIDH-CLBCK-KCDBC-IDCDB-CDBCD
    Old MutualMax Income : NTSLZLY99T56AZZAYJYYYJJJ3VY65NHJJQD

     
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