Moonstone Investment Rates Report

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Updated: 13-September-2021 Valid until: 17-September-2021

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***
Assupol (secured)G1.94R 127 367.044.957%R1 299 543.975.385%
Clientele life* G 2.43  R 128 725.00 5.180% R1 299 395.31 5.380%
Old Mutual Wealth Fixed BondG0R 125 503.784.648%R1 298 168.375.358%
Absa*L0R 129 514.865.309%R1 295 148.605.309%
Discovery*G3.5R 126 190.674.762%R1 294 799.445.303%
MomentumL2.6R 124 762.004.520%R1 292 430.005.260%
NEDgroup LIFE*L0R 120 325.893.770%R1 219 580.364.050%



(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***
Old Mutual Wealth Fixed BondG0R 127 779.945.025%R1 321 439.955.733%
Assupol (secured)G1.94R 129 197.755.257%R1 320 456.665.717%
MomentumL2.6R 127 536.004.980%R1 320 294.005.710%
Clientele life*0R 130 696.005.500%R1 319 395.315.700%
Discovery*G3.5R 128 576.005.155%R1 318 652.845.688%

  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 3 638.25 -         -        
Assupol LifeR 3 115.39R 4 500.98R 4 162.86
MomentumR 3 065.14R 4 432.55R 4 145.74
Metropolitan*R 3 050.68R 4 440.46R 4 049.61
DiscoveryR 3 012.01R 4 359.71R 4 039.95
Old MutualR 3 003.81R 4 384.87R 4 034.31

  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 1 855.74R 189.07R 1 666.6710.189%
MomentumR 1 813.33R 146.66R 1 666.678.088%
MetropolitanR 1 780.95R 114.28R 1 666.676.417%
Old MutualR 1 759.10R 92.43R 1 666.675.255%


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)
Assupol (annuity)L1.94 -         -         R 4 236.38R 276.40
Absa*G3.5R 422.90R 43.09R 4 229.01R 430.88
Discovery*G3.5R 375.15R 0.83R 4 216.54R 307.12
MomentumL2.6 -         -         R 4 136.82R 379.35
Clientele life*G2.43R 394.65R 43.86R 4 105.99R 473.25
NEDgroup LIFE*L0R 306.63R 12.50R 3 281.36R 151.82


(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)
MomentumL2.6 -         -         R 4 475.98R 448.49
Discovery*G3.5R 401.11R 3.84R 4 472.82R 336.82
Assupol (annuity)L1.94 -         -         R 4 448.78R 290.26
Clientele life*G2.43R 416.17R 48.57R 4 320.82R 521.85
  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. Income is guaranteed/secured for a five-year term after which the capital is guaranteed back to the investor.
  3. * Investor should not have to pay capital gains tax (contact institution for details)
  4. Nedgroup Life pay monthly in advance as opposed to other institutions that pay monthly in arrears.
  5. VAT on commission has been taken in account for Nedgroup Life, ABSA, Momentum, and Assupol.
  6. 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)
  7. 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 : 0F698 B80D3 59C9B 7017D
MetropolitanMetquote Codes : 1B80F 7D953 5EE0F 002C8
MetropolitanMetquote Codes : F800F 72C49 16BED 0032D
MomentumDb : DB-DCFCC-MCFDH-CLBCK-BEDBC-HHHDB-CDBCD
MomentumAnn : A-UHDMQE2-Z4G7MKC-WRCBRMU
MomentumGuar : G-AHDMAPP-W4GEQIO-WXGB7LR
Old MutualAnn : TWRX2 XTQTH 67ACW GD96D
Old MutualBond: T6GUUUUUUUUUUUUUUUUUUU6PUUUUUUUMERL
Old MutualMax Income : 7LNFPE6SS9T66A56ZYYJJJJHQ4X8YHHHRNK

 

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