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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 07-August-2017Valid until: 11-August-2017


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 - 3.42)
Comparison of secured investment rates (Investment for five year period)
InstitutionNature of Security CAR RatioNotesSecured Return**% Return on investment**Secured Return***% Return on investment***
1 LifeL 2.098R 138 754.006.770%R 1 387 542.006.770%
AbsaL  8R 136 064.276.353%R 1 360 642.666.353%
AssupolG 2.358 ; 11R 135 663.196.290%R 1 384 296.386.720%
Discovery*G 3.58R 133 055.775.878%R 1 365 224.696.424%
Old Mutual Wealth L  8 ; 13R 132 277.765.670%R 1 367 941.616.370%
Clientele life*G 2.328 R 131 627.765.650%R 1 360 465.316.350%
MomentumG 2.78R 130 091.265.420%R 1 347 825.176.170%
NEDgroup LIFE*L  8R 127 934.545.050%R 1 346 916.416.137%
Liberty Life

G

3.1

8- - R 1 334 965.00 5.870%



(Commission at 1.5% plus VAT - 1.71)
Comparison of secured investment rates (Investment for five year period)
InstitutionNature of Security CAR RatioNotesSecured Return**% Return on investment**Secured Return***% Return on investment***
1 LifeL 2.098R 141 307.007.160%R 1 413 070.007.160%
AssupolG 2.358 ; 11R 137 588.566.590%R 1 403 863.027.020%
Discovery*G 3.58R 135 547.916.272%R 1 390 146.186.810%
Old Mutual Wealth L  8 ; 13R 134 654.956.040%R 1 392 242.626.740%
Clientele life*G 2.328 ; 10R 133 633.295.970%R 1 381 056.596.670%
MomentumG 2.78R 132 956.885.880%R 1 376 552.536.620%
Liberty Life

G

3.1

8- - R 1 357 871.00 6.220%


  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 Old Mutual Wealth ,Discovery,,ABSA,Sanlam,Clientèle Life,Liberty Life,and Momentum.
  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.
  12. Liberty advises that, as of Monday, 9 May 2016, its minimum premium on the "Guaranteed Investment Plan" and "Guaranteed investment plan - income option" increased to R150 000. Investments above the new value will be subject to the same standard rates and enhancements applicable in the past.
  13. Old Mutual Wealth - Underwritten by Clientele Life.


Compulsory Annuity

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
MetropolitanR 2 999.68R 4 349.89R 3 907.84
DiscoveryR 2 835.55R 4 200.92R 3 861.45
MomentumR 2 798.12R 4 281.97R 3 940.97
Old MutualR 2 746.92R 4 159.02R 3 675.23


  1. * Male 60 alb (DOB 01/01/1957)
  2. ** Male and female 60 alb
  3. 0% Tax deducted
  4. Escalation at 5% per Annum
  5. Metropolitan Life Annuity Quotation Line for quotations and information- call 0860 99 00 99
  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.

Underwritten

Institution Escalating 10yrs Certain &
Thereafter* (C&T)		 Single Life* 10 C&T Joint & Survivor**
10 C&T
Just Lifetime Income (Low)6 R 3 001.28 R 4 350.91 R 3 781.73
Just Lifetime Income (Med)6 R 3 237.31 R 4 521.95 R 3 907.36
Just Lifetime Income (High)6 R 3 558.03 R 4 746.25 R 4 097.25


  1. * Male 60 alb (DOB 01/01/1957)
  2. ** Male and female 60 alb
  3. 0% Tax deducted
  4. Escalation at 5% per Annum
  5. 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.
  6. The annuity will vary depending on a number of socio-economic, lifestyle and medical factors. As examples:
    - “Low” would apply for a mild condition such as high blood pressure, cholesterol, overweight or diabetes.
    - “Medium” would apply for a moderate condition such as diabetes, liver diseases, epilepsy, moderate obesity, or a combination of mild conditions.
    - “High” would apply for a more severe condition such as a heart disease, cancer, severe stroke, severe obesity, uncontrolled diabetes or a combination of less severe conditions.
  7. Please see http://www.justsa.co.za/for more details.

Voluntary Annuity

Comparison of monthly annuity income (R100000 Voluntary, 5 year term certain)
InstitutionGross IncomeTaxable PortionTax Free PortionTaxable Percentage
AbsaR 1 937.32R 270.65R 1 666.6713.971%
MetropolitanR 1 906.96R 240.29R 1 666.6712.601%
Old MutualR 1 893.40R 226.73R 1 666.6711.975%
MomentumR 1 889.53R 222.86R 1 666.6711.795%


Annuity with Capital Secured

(Commission at 3% plus VAT - 3.42)
Comparison of monthly annuity income on income plans with capital secured.
(Investment amounts R100 000 and R1 000 000)
InstitutionNatureSecurityCARRatioNotesGross annuity income
(R100 000)		Taxable portion
(R100 000)		Gross annuity income
(R1 000 000)		Taxable portion
(R1 000 000)
AbsaL  5R 513.49R 71.73R 5 134.93R 717.38
Clientele life*G 2.355 ; 9R 493.07R 67.15R 5 088.50R 712.90
Discovery*G 3.55 ; 6R 462.75R 23.26R 5 106.78R 545.68
NEDgroup LIFE*L  5R 417.93R 28.98R 4 921.27R 432.45
MomentumG 2.75R 397.41R 26.71R 4 903.25R 618.79



(Commission at 1.5% plus VAT - 1.71)
Comparison of monthly annuity income on income plans with capital secured.
(Investment amounts R100 000 and R1 000 000)
InstitutionNatureSecurityCARRatioNotesGross annuity income
(R100 000)		Taxable portion
(R100 000)		Gross annuity income
(R1 000 000)		Taxable portion
(R1 000 000)
Clientele life*G 2.355 ; 9R 514.36R 72.77R 5 301.00R 770.50
Discovery*G 3.55 ; 6R 475.19R 23.59R 5 355.24R 581.07
MomentumG 2.75R 432.36R 34.81R 5 245.58R 703.96

    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."
  1. Income is guaranteed/secured for a five-year term after which the capital is guaranteed back to the investor.
  2. * Investor should not have to pay capital gains tax (contact institution for details)
  3. Nedgroup Life pay monthly in advance as opposed to other institutions that pay monthly in arrears.
  4. VAT on commission has been taken in account for Nedgroup Life ,Sanlam,Investment Frontiers Old Mutual, ABSA,and Momentum.
  5. 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)
  6. 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 : FBB0A 558DA C6CED 20165
    MetropolitanMetquote Codes : 82F7A 1A2BD B7CF6 5024E
    MetropolitanMetquote Codes : EDFED 60ADF E2D5E 003B5
    MomentumAnn : A-MHDAQEQ-T4G7NQZ-GSCBRYT
    MomentumGuar : G-YHDAQ9Q-J4EOQ3B-GKEBBW9
    Old MutualMax Income : TNKYY3YJYYYJYJJJJHHHHHH3LV4HLNNHPU8
    Old MutualAnn : UJLDP RXEQ2 7RNPN DFCT5
    Old MutualBond : 3GGUUUUUUUUUUUUUUUUUUUCJUUUUUUUUMS7

     
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