Updated: 26-June-2017 Valid until: 30-June-2017
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In order to understand the difference between guaranteed (G) and linked (L) rates, kindly click here for a detailed explanation.
Institution | Nature of Security | CAR Ratio | Notes | Secured Return** | % Return on investment** | Secured Return*** | % Return on investment*** |
---|---|---|---|---|---|---|---|
Absa | L | 8 | R 136 762.95 | 6.462% | R 1 367 629.50 | 6.462% | |
Assupol | G | 2.35 | 8 ; 11 | R 134 772.10 | 6.150% | R 1 375 240.27 | 6.580% |
Discovery* | G | 3.5 | 8 | R 132 809.15 | 5.839% | R 1 362 694.30 | 6.385% |
Old Mutual Wealth | L | 8 ; 13 | R 131 953.33 | 5.680% | R 1 364 083.13 | 6.380% | |
Clientele life* | G | 2.32 | 8 | R 131 752.40 | 5.670% | R 1 361 745.02 | 6.370% |
Momentum | G | 2.7 | 8 | R 131 415.81 | 5.600% | R 1 361 578.85 | 6.350% |
NEDgroup LIFE* | L | 8 | R 128 934.50 | 5.214% | R 1 357 919.20 | 6.310% | |
LIBERTY LIFE | G | 3.1 | 8 |
N/A | N/A |
R 1 332 436.00 | 5.890% |
Institution | Nature of Security | CAR Ratio | Notes | Secured Return** | % Return on investment** | Secured Return*** | % Return on investment*** |
---|---|---|---|---|---|---|---|
Assupol | G | 2.35 | 8 ; 11 | R 136 687.35 | 6.450% | R 1 394 704.58 | 6.880% |
Discovery* | G | 3.5 | 8 | R 135 296.67 | 6.233% | R 1 387 569.53 | 6.770% |
Momentum | G | 2.7 | 8 | R 134 326.16 | 6.060% | R 1 390 754.59 | 6.800% |
Old Mutual Wealth | L | 8 ; 13 | R 134 324.31 | 6.060% | R 1 388 314.71 | 6.760% | |
Clientele life* | G | 2.32 | 8 ; 10 | R 133 759.45 | 5.990% | R 1 382 351.78 | 6.690% |
LIBERTY LIFE | G | 3.1 | 8 | N/A | N/A | R1 355 374.00 | 6.250% |
Not Underwritten
Comparison of monthly annuity income (R500000 compulsory, monthly paid in arrears)Institution | Escalating 10yrs Certain & Thereafter* (C&T) | Single Life* 10 C&T | Joint & Survivor** 10 C&T |
---|---|---|---|
Paramount Life | R 3 002.57 | R 4 385.48 | R 4 027.58 |
Metropolitan | R 2 926.80 | R 4 280.40 | R 3 831.79 |
Discovery | R 2 788.42 | R 4 160.65 | R 3 826.24 |
Momentum | R 2 778.31 | R 4 265.43 | R 3 919.12 |
Old Mutual | R 2 712.57 | R 4 124.78 | R 3 636.62 |
Institution | Escalating with 10 yr C&T equivalent Estate Protect® * |
Single Life* with 10 yr C&T equivalent Estate Protect® * |
Joint & Survivor with 10 yr C&T equivalent Estate Protect® * |
---|---|---|---|
Paramount Life (Lower Rate) | R 3 128.77 | R 4 436.93 | R 4 044.31 |
Paramount Life (Average Rate) | R 3 592.48 | R 4 895.11 | R 4 465.42 |
Paramount Life (Upper Rate) | R 6 787.45 | R 9 739.83 | R 8 514.84 |
Institution | Escalating 10yrs Certain & Thereafter* (C&T) |
Single Life* 10 C&T |
Joint & Survivor** 10 C&T |
---|---|---|---|
Just Lifetime Income (Low)6 | R 3 042.77 | R 4 459.24 | R 3 854.40 |
Just Lifetime Income (Med)6 | R 3 249.30 | R 4 578.12 | R 3 932.94 |
Just Lifetime Income (High)6 | R 3 570.67 | R 4 792.21 | R 4 112.45 |
Institution | Gross Income | Taxable Portion | Tax Free Portion | Taxable Percentage |
---|---|---|---|---|
Absa | R 1 951.24 | R 284.57 | R 1 666.67 | 14.584% |
Metropolitan | R 1 908.67 | R 242.00 | R 1 666.67 | 12.679% |
Old Mutual | R 1 897.93 | R 231.26 | R 1 666.67 | 12.185% |
Momentum | R 1 897.87 | R 231.20 | R 1 666.67 | 12.182% |
Institution | NatureSecurity | CARRatio | Notes | Gross annuity income (R100 000) | Taxable portion (R100 000) | Gross annuity income (R1 000 000) | Taxable portion (R1 000 000) |
---|---|---|---|---|---|---|---|
Absa | L | 5 | R 524.51 | R 76.50 | R 5 245.10 | R 764.97 | |
Clientele life* | G | 2.35 | 5 ; 9 | R 502.54 | R 69.62 | R 5 183.00 | R 738.30 |
Discovery* | G | 3.5 | 5 ; 6 | R 460.40 | R 23.13 | R 5 083.54 | R 544.69 |
NEDgroup LIFE* | L | 5 | R 431.62 | R 31.43 | R 5 060.29 | R 462.03 | |
Momentum | G | 2.7 | 5 | R 413.53 | R 30.48 | R 5 069.27 | R 660.02 |
Institution | NatureSecurity | CARRatio | Notes | Gross annuity income (R100 000) | Taxable portion (R100 000) | Gross annuity income (R1 000 000) | Taxable portion (R1 000 000) |
---|---|---|---|---|---|---|---|
Clientele life* | G | 2.35 | 5 ; 9 | R 523.81 | R 75.33 | R 5 395.30 | R 796.70 |
Discovery* | G | 3.5 | 5 ; 6 | R 485.65 | R 26.74 | R 5 332.59 | R 580.27 |
Momentum | G | 2.7 | 5 | R 448.64 | R 38.81 | R 5 411.46 | R 747.32 |
Initial annual Guaranteed Minimum Income percentage | Age Next | |||
---|---|---|---|---|
56 - 60 | 61 - 65 | 66 - 70 | 71 and older | |
Male investors - starting annual guarantee | 3.25%
per year | 3.50% per year | 3.75% per year | 4.25% per year |
Female investors - starting annual guarantee |
3.00% per year | 3.25% per year | 3.50% per year | 4.00% per year |