Moonstone Investment Rates Report

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Updated: 04-July-2022 Valid until: 08-July-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***
Old Mutual Wealth Fixed BondG0R 135 839.196.318%R1 404 636.567.032%
Clientele life* G0R 139 601.006.900%R1 402 551.737.000%
Absa* L2.43R 139 485.276.882%R1 394 855.886.882%
MomentumL2.6R 134 017.006.030%R1 388 557.006.790%
Assupol (secured)G1.94R 135 516.486.267%R1 382 999.746.700%
DiscoveryG3.5R 131 059.985.559%R1 344 761.846.103%
NEDgroup LIFE*L0R 129 831.125.360%R1 316 900.715.660%



(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 138 302.466.700%R1 429 815.977.413%
Clientele life* G0R 141 702.997.220%R1 423 650.297.320%
Momentum L0R 137 009.006.500%R1 418 611.007.240%
Assupol (secured)G1.94R 137 440.186.567%R1 404 912.757.036%
Discovery*G3.5R 133 537.365.955%R1 369 535.636.491%

  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 3 943.70 -         -        
Assupol (annuity)R 3 443.74R 4 904.20R 4 552.64
Metropolitan*R 3 292.80R 4 744.35R 4 317.54
DiscoveryR 3 287.27R 4 663.87R 4 344.92
Old MutualR 3 270.61R 4 728.62R 4 340.10
MomentumR 3 261.69R 4 785.91R 4 515.37

  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 1 964.62R 297.95R 1 666.6715.166%
MomentumR 1 910.74R 244.07R 1 666.6712.774%
Metropolitan*R 1 870.85R 204.18R 1 666.6710.914%
Old MutualR 1 841.84R 175.17R 1 666.679.511%


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 556.14R 84.34R 5 561.41R 843.44
Assupol (annuity) G1.94 -         -         R 5 417.93R 447.97
Clientele life*G2.43R 530.10R 77.05R 5 379.61R 792.31
MomentumL2.6 -         -         R 5 369.84R 723.32
Discovery*G3.5R 449.03R 27.77R 4 977.90R 599.09
NEDgroup LIFE*L0R 430.76R 31.25R 4 540.02R 355.87


(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 5 714.05R 814.82
Assupol (annuity) G1.94  -         -         R 5 617.17 R 464.45
Clientele life*G2.43R 551.31R 83.00R 5 591.47R 852.43
Discovery*G3.5R 475.26R 31.88R 5 236.74R 639.69
  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 : BEB41 8FF33 D7DE7 70132
MetropolitanMetquote Codes : 5ED4C A2504 FE54C 10256
MetropolitanMetquote Codes : 55747 A5C89 4F7C7 D03E2
MomentumGuar : G-AXDYAPA-W4GEQBD-ZXEBBQR
MomentumDb : DB-DCFDC-KBGDH-CLBCL-KLJBC-JCHDB-CDBCD
MomentumAnn : A-4HCYIU4-C4GZKFF-Z2ABRGT
Old MutualBond: 5X8UUUUUUUUUUUUUUUUUUU84UUUUUUUMC2C
Old MutualMax Income : 6PMUPPPTZT56YZJYJYJJJHH3Q9TQWHH3XGC
Old MutualAnn : NGZ3K 2JNST FVUXY 4TQYR

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