Moonstone Investment Rates Report

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Updated: 09-May-2022 Valid until: 13-May-2022

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* G 2.43R 137 653.116.600%R1 389 492.686.800%
Assupol (secured)G1.94R 135 395.376.248%R1 381 704.066.680%
Absa*G2.43R 137 731.116.612%R1 377 324.966.612%
MomentumL2.6R 131 485.005.630%R1 362 327.006.380%
Old Mutual Wealth Fixed BondG0R 131 124.665.569%R1 356 045.066.281%
DiscoveryG3.5R 127 062.354.907%R1 303 743.475.448%
NEDgroup LIFE*L0R 127 871.445.040%R1 297 695.205.350%



(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* G 2.43R 139 731.646.920%R1 410 434.177.120%
Assupol Life (secured)G1.94R 137 317.706.548%R1 403 666.267.017%
Momentum L2.6R 134 421.006.090%R1 391 819.006.840%
Old Mutual Wealth Fixed BondG0R 133 502.565.949%R1 380 353.706.659%
Discovery*G3.5R 129 464.165.300%R1 327 761.665.834%

  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 3 546.42 -         -        
MomentumR 3 283.26R 4 698.51R 4 355.08
Metropolitan*R 3 129.11R 4 579.51R 4 135.41
DiscoveryR 3 120.23R 4 516.53R 4 181.67
Old MutualR 3 049.22R 4 521.66R 4 119.68
Assupol (annuity)R 3 031.11R 4 542.00R 4 381.76

  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 1 942.95R 276.28R 1 666.6714.220%
MomentumR 1 878.19R 211.52R 1 666.6711.262%
Metropolitan*R 1 841.61R 174.94R 1 666.679.499%
Old MutualR 1 814.43R 147.76R 1 666.678.144%


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 5 340.47R 506.51
Absa*G3.5R 532.27R 75.69R 5 322.65R 756.86
Clientele life*G2.43R 514.36R 72.77R 5 222.36R 748.97
MomentumL2.6 -         -         R 5 045.47R 629.17
Discovery*G3.5R 397.09R 14.10R 4 450.59R 454.50
NEDgroup LIFE*L0R 406.47R 27.00R 4 299.49R 311.05


(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 5 544.73R 525.89
Clientele life*G2.43R 535.60R 78.57R 5 434.58R 807.72
MomentumL2.6 -         -         R 5 388.92R 715.11
Discovery*G3.5R 423.69R 17.90R 4 713.16R 492.03
  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 : 9658A 6F642 A118F 6012D
MetropolitanMetquote Codes : BC8D1 F0F7B EFA1B B02B9
MetropolitanMetquote Codes : 9667B 3DC81 68131 C03B5
MomentumDb : DB-DCFDC-IBLDH-CLBCL-FKDBC-IIHDB-CDBCD
MomentumAnn : A-MXCIIE3-Q4FRLEB-Z9ABRSX
MomentumGuar : G-AHDIAPH-W4EEQVV-ZXFB7PR
Old MutualAnn : 4KPGQ GVV95 QJWHA BJF7D
Old MutualBond: HB8UUUUUUUUUUUUUUUUUUUCUUUUUUUUMTTZ
Old MutualMax Income : SEM8PPF65T5ZYYYYJJJJJHHHQTXLHMNN8W2

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