Moonstone Information Refinery (Pty) Ltd
Investment Rates

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Updated: 12-October-2020Valid until: 16-October-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 8124,737.494.520%1,253,353.504.620%
Clientele life*G2.438 124,141.924.420%1,247,374.914.520%
Old Mutual Wealth Fixed BondG 8 124,133.204.419%1,284,184.595.130%
Discovery*G3.58123,703.194.346%1,269,276.294.884%
Absa*L 8121,515.243.974%1,215,152.433.974%
Assupol (secured)G1.948 ; 11120,302.703.766%1,227,689.404.188%
MomentumL2.68117,033.003.200%1,212,245.003.920%
NEDgroup LIFE*L 8115,085.732.850%1,176,255.343.300%
1Life

Please contact 1Life or Wealthport directly for a quote at admin@wealthport.co.za




(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***
OUTvestL  8 127,021.564.900%1,270,215.604.900%
Clientele life*L 8126,658.714.840%1,272,639.214.940%
Old Mutual Wealth Fixed BondG 8126,384.654.795%1,307,205.835.504%
Clientele life*G2.438126,055.804.740%1,266,587.104.840%
Discovery*G3.58126,041.514.738%1,292,659.465.268%
Assupol (secured)G1.948 ; 11122,051.834.066%1,247,195.914.517%
MomentumL2.68119,623.003.650%1,238,266.004.370%


  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
Old MutualR 3,443.89R 4,616.93R 4,363.42
DiscoveryR 3,428.47R 4,588.49R 4,378.93
MomentumR 3,399.76R 4,687.70R 4,551.38
MetropolitanR 3,336.55R 4,671.69R 4,352.27
Assupol Life (rewired)R 3,176.70-       -      
Assupol LifeR 2,704.78R 3,939.38R 3,638.06


  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 1,798.16R 131.49R 1,666.677.313%
MomentumR 1,784.71R 118.04R 1,666.676.614%
MetropolitanR 1,754.31R 87.64R 1,666.674.996%
Old MutualR 1,744.92R 78.25R 1,666.674.485%



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 338.77R 0.00R 3,842.45R 187.08
Clientele life*G2.435 R 347.45R 34.31R 3,554.67R 358.59
Assupol (annuity)L1.945-       -       R 3,283.40R 121.85
Absa*G3.505 R 318.38R 23.28R 3,183.79R 232.82
MomentumL2.605-       -       R 3,143.45R 236.07
NEDgroup LIFE*L 5R 232.70R 4.90R 2,691.02R 82.85



(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 364.66R 0.00R 4,098.06R 211.60
Clientele life*G2.435 R 369.08R 38.55R 3,770.80R 401.80
Assupol (annuity)L1.945-       -       R 3,502.55R 129.98
MomentumL2.605-       -       R 3,487.16R 292.92

    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, 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 : 67F41 D49CA BAA00 90117
    MetropolitanMetquote Codes : 530C2 C6EDC 78460 5020F
    MetropolitanMetquote Codes : 30983 89932 31BDD B03D7
    MomentumAnn : A-EHDUQUY-74GBJKE-SSCBRWW
    MomentumGuar : G-AXDUAP3-W4GEQHG-SXEB7HR
    MomentumDb : DB-DCFBD-DCEDH-CLBCI-HLDBC-GEEDB-CDBCD
    Old MutualMax Income : 9RAAT9SSSESASSTA6ZYZYJ3YXTXX23XDQ
    Old MutualAnn : 62R36 3TW5G UMY2U ANKD8
    Old MutualBond: ZY4UUUUUUUUUUUUUUUUUUUVRUUUUUUUUBC2

     
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