Moonstone Investment Rates Report

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Updated: 11-October-2021 Valid until: 15-October-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***
Clientele life*G2.43R 133 822.566.000%R1 350 898.086.200%
Assupol (secured)G1.94R 131 534.355.635%R1 342 333.666.065%
Absa*L0R 133 824.306.000%R1 338 242.966.000%
MomentumL2.6R 128 759.005.190%R1 333 961.005.930%
Old Mutual Wealth Fixed BondG0R 128 253.795.103%R1 326 524.485.814%
Discovery*G3.5R 128 693.975.175%R1 320 484.955.717%
NEDgroup LIFE*L0R 123 075.614.240%R1 247 374.914.520%



(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*0R 135 854.756.320%R1 371 373.616.520%
Assupol (secured)G1.94R 133 412.765.935%R1 363 602.326.399%
MomentumL2.6R 131 622.005.650%R1 362 715.006.390%
Old Mutual Wealth Fixed BondG0R 130 579.755.481%R1 350 304.236.191%
Discovery*G3.5R 131 126.635.569%R1 344 811.596.104%

  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 3 808.87 -         -        
Assupol LifeR 3 266.55R 4 668.34R 4 332.98
MomentumR 3 191.27R 4 586.64R 4 296.11
Metropolitan*R 3 154.88R 4 561.48R 4 169.89
DiscoveryR 3 133.15R 4 484.73R 4 173.45
Old Mutual R 3 136.05R 4 544.63R 4 191.83

  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 1 885.93R 219.26R 1 666.6711.626%
MomentumR 1 836.98R 170.31R 1 666.679.271%
MetropolitanR 1 802.09R 135.42R 1 666.677.515%
Old MutualR 1 785.16R 92.87R 1 666.675.278%


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 4 774.01R 396.67
Absa*G3.5R 476.67R 55.42R 4 766.71R 554.18
Clientele life*G2.43R 455.10R 57.63R 4 709.42R 615.21
MomentumL2.6 -         -         R 4 641.31R 484.55
Discovery*G3.5R 406.83R 7.93R 4 537.81R 382.64
NEDgroup LIFE*L0R 343.38R 17.25R 3 652.78R 204.15


(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)
Assupol (annuity)L1.94 -         -         R 4 983.43R 414.07
MomentumL2.6 -         -         R 4 980.79R 560.84
Clientele life*G2.43R 476.48R 62.91R 4 922.83R 669.43
Discovery*G3.5R 432.54R 11.13R 4 791.58R 414.20
  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 : E1805 E45A2 9235E C016B
MetropolitanMetquote Codes : C8C52 0BF0C 853CA A024E
MetropolitanMetquote Codes : 87229 77983 3E544 4036C
MomentumDb : DB-DCFCD-DCDDH-CLBCK-ICDBC-IEDDB-CDBCD
MomentumGuar : G-AHDUAPN-W4GEQYB-WXGB7HR
MomentumAnn : A-UXCUQET-T4GBJH2-W3BBRCT
Old MutualAnn : BQJZY SWQW9 YNRET 8NHYG
Old Mutual Max Income : ERNPPPS599T56AAZYJYJJJJHRSX83H93P9F
Old Mutual Bond: BYGUUUUUUUUUUUUUUUUUUUNVUUUUUUUMMT4

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