Moonstone Investment Rates Report

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Updated: 20-June-2022 Valid until: 24-June-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* G0R 139 144.536.830%R1 399 277.806.950%
Absa* L2.43R 138 856.086.786%R1 388 570.196.786%
Old Mutual Wealth Fixed BondG0R 133 363.375.927%R1 378 724.276.634%
MomentumL2.6R 132 934.005.860%R1 377 340.006.610%
Assupol (secured)G1.94R 134 892.766.169%R1 376 595.656.601%
DiscoveryG3.5R 130 718.995.504%R1 341 263.146.048%
NEDgroup LIFE* G0R 130 139.485.410%R1 320 019.555.710%



(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* G0R 141 241.037.150%R1 420 337.017.270%
Momentum L0R 135 902.006.330%R1 407 154.007.070%
Old Mutual Wealth Fixed BondG0R 135 781.506.309%R1 403 438.617.014%
Assupol (secured)G1.94R 136 809.386.469%R1 398 427.586.937%
Discovery*G3.5R 133 189.935.900%R1 365 972.486.436%

  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 3 949.58 -         -        
Assupol (annuity)R 3 389.23R 4 850.26R 4 494.57
MomentumR 3 385.23R 4 801.47R 4 463.99
DiscoveryR 3 222.10R 4 598.33R 4 287.47
Metropolitan*R 3 216.67R 4 651.20R 4 223.50
Old MutualR 3 192.83R 4 643.44R 4 251.31

  1. * Male 60 alb (DOB 01/01/1962)
  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 1 963.98R 297.31R 1 666.6715.138%
MomentumR 1 905.33R 238.66R 1 666.6712.526%
Metropolitan*R 1 861.23R 194.56R 1 666.6710.453%
Old MutualR 1 834.17R 167.50R 1 666.679.132%


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)
Absa* L3.5R 549.58R 83.20R 5 495.79R 831.96
Assupol (annuity) G1.94 -         -         R 5 308.65R 394.83
Clientele life*G2.43R 519.87R 74.26R 5 277.42R 764.02
MomentumL2.6 -         -         R 5 241.52R 692.93
Discovery*G3.5R 443.16R 25.08R 4 916.92R 569.86
NEDgroup LIFE* G0R 435.03R 32.05R 4 585.30R 364.72


(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 5 587.39R 782.79
Assupol (annuity)L1.94 -         -         R 5 507.05R 409.59
Clientele life*G2.43R 541.10R 80.11R 5 489.52R 823.26
Discovery*G3.5R 469.34R 29.08R 5 175.22R 609.33
  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 : 05568 B16E1 71536 501F6
MetropolitanMetquote Codes : 8C624 51506 53F5F 7022B
MetropolitanMetquote Codes : 3BF2D E525F 5093A 40358
MomentumDb : DB-DCFDC-JDCDH-CLBCL-IFGBC-IKKDB-CDBCD
MomentumAnn : A-4XCUIUB-U4EJJNZ-ZEBBRK7
MomentumGuar : G-AXDUAPU-W4EEQA6-ZXFB79R
Old MutualAnn : SA5A3 J2C6P EG2YX 3PKXF
Old MutualBond: NT8UUUUUUUUUUUUUUUUUUUA4UUUUUUUU86V
Old MutualMax Income : Q7MUPP7AA55ZZYYJYJJJJJHHQ9TQHHHHBZH

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