Moonstone Investment Rates Report

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Updated: 08-August-2022 Valid until: 12-August-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*G2.43 8R 138 624.326.750%R1 392 748.296.850%
Absa*L  8R 137 609.186.593%R1 376 091.816.593%
Assupol (secured)G1.94 8; 11R 134 031.006.033%R1 367 772.596.464%
Old Mutual Wealth Fixed BondG3 8R 131 647.735.653%R1 361 444.866.365%
MomentumG2.6 8R 131 298.005.600%R1 360 395.006.350%
DiscoveryG3.5 8R 128 561.865.153%R1 319 129.525.696%
NEDgroup LIFE*L  8R 128 603.535.160%R1 305 102.835.470%



(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*G2.43 8R 140 714.557.070%R1 413 728.967.170%
MomentumG2.6 8R 134 230.006.060%R1 389 714.006.800%
Assupol (secured)G1.94 8; 11R 135 937.836.333%R1 389 492.686.800%
Old Mutual Wealth Fixed BondG3 8R 134 035.106.034%R1 385 850.276.744%
Discovery*G3.5 8R 130 992.035.548%R1 343 431.156.082%

  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 3 863.32 -         -        
Assupol (annuity)R 3 311.25R 4 804.44R 4 429.38
Metropolitan*R 3 205.08R 4 682.88R 4 238.69
Old MutualR 3 174.04R 4 651.22R 4 243.50
DiscoveryR 3 128.47R 4 555.64R 4 213.60
MomentumR 3 115.17R 4 646.72R 4 343.17

  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 1 954.23R 287.56R 1 666.6714.715%
MomentumR 1 909.18R 242.51R 1 666.6712.702%
Metropolitan*R 1 870.85R 204.18R 1 666.6710.914%
Old MutualR 1 855.00R 188.33R 1 666.6710.153%


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*L  5R 534.10R 78.59R 5 341.00R 785.93
Clientele life*G2.43 5R 510.42R 71.71R 5 261.69R 759.71
Assupol (annuity)G1.94 5 -         -         R 5 236.89R 419.01
MomentumG2.6 5 -         -         R 5 110.03R 711.32
Discovery*G3.5 5R 422.46R 24.84R 4 713.91R 571.47
NEDgroup LIFE*L  5R 415.32R 28.52R 4 398.91R 329.45


(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)
Clientele life*G2.43 5R 531.60R 77.49R 5 473.83R 818.81
Momentum G2.65 -         -         R 5 459.47R 802.54
Assupol (annuity)G1.94 5 -         -         R 5 438.12R 435.10
Discovery*G3.5 5R 449.28R 29.12R 4 978.64R 613.76
  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 : A4192 1E56B EBF28 E01ED
MetropolitanMetquote Codes : 671F2 115CA F9363 10207
MetropolitanMetquote Codes : CDCA7 A1317 31C78 C036C
MomentumAnn : A-4HCCIUC-M4GJJ6F-2IBBRST
MomentumDb : DB-DCFDC-LBKDH-CLBCL-EJFBC-IIEDB-CDBCD
MomentumGuar : G-AXDCAPM-W4HEQT6-2XEB7PR
Old MutualMax Income : 93W4PS65A5A6ZJYJJJJHJH3HL9TRWHNJ7Q8
Old MutualAnn : QH84P N98HF TUVBM 7F5MG
Old MutualBond: 4J8UUUUUUUUUUUUUUUUUUUC4UUUUUUUU94R
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