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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 21-August-2017Valid until: 25-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 138 495.006.730%R 1 384 945.006.730%
AbsaL  8R 135 799.486.311%R 1 357 994.836.311%
AssupolG 2.358 ; 11R 135 408.126.250%R 1 381 704.066.680%
Discovery*G 3.58R 131 985.645.707%R 1 354 244.616.253%
Old Mutual Wealth L  8 ; 13R 131 340.425.570%R 1 357 945.726.270%
Clientele life*G 2.328 R 131 006.005.550%R 1 354 081.156.250%
MomentumG 2.78R 129 002.075.190%R 1 336 455.115.940%
NEDgroup LIFE*L  8R 127 987.075.059%R 1 347 940.976.153%
Liberty Life

G

3.1

8- - R 1 339 359.00 5.980%



(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 Life L 2.098R 141 043.00 7.120%R 1 410 434.007.120%
AssupolG 2.358 ; 11R 137 330.596.550%R 1 401 241.426.980%
Discovery*G 3.58R 134 457.746.100%R 1 378 965.636.638%
Old Mutual Wealth L  8 ; 13R 133 700.535.940%R 1 382 068.626.640%
Clientele life*G 2.328 ; 10R 133 003.965.870%R 1 374 595.226.570%
MomentumG 2.78R 131 847.135.650%R 1 365 106.456.380%
Liberty Life

G

3.1

8- - R 1 362 426.00 6.340%


  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 2 977.99R 4 331.64R 3 885.43
DiscoveryR 2 837.39R 4 197.24R 3 862.25
MomentumR 2 754.92R 4 252.83R 3 892.04
Old MutualR 2 728.48R 4 134.00R 3 652.09


  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 2 986.00 R 4 333.08 R 3 764.59
Just Lifetime Income (Med)6 R 3 221.63 R 4 504.25 R3 889.65
Just Lifetime Income (High)6 R 3 542.56 R 4 729.30 R 4 079.46


  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 1 942.77R 276.10R 1 666.6714.212%
MetropolitanR 1 900.98R 234.31R 1 666.6712.326%
MomentumR 1 891.38R 224.71R 1 666.6711.881%
Old MutualR 1 889.24R 222.57R 1 666.6711.781%


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 512.15R 72.78R 5 121.54R 727.87
Clientele life*G 2.355 ; 9R 494.65R 67.56R 5 104.20R 717.10
Discovery*G 3.55 ; 6R 450.12R 20.34R 4 979.11R 515.16
NEDgroup LIFE*L  5R 419.29R 29.20R 4 933.75R 434.95
MomentumG 2.75R 385.71R 25.53R 4 787.98R 608.07



(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 515.94R 73.19R 5 316.70R 774.90
Discovery*G 3.55 ; 6R 475.44R 23.89R 5 228.84R 550.11
MomentumG 2.75R 421.01R 33.60R 5 132.31R 692.35

    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 : 24B6F C82FB 6BF55 70156
    MetropolitanMetquote Codes : 36AD8 99720 0794A 50269
    MetropolitanMetquote Codes : 45EE0 7F214 4AF44 C0322
    MomentumAnn : A-MHCEQEZ-D4H7KMJ-GMCBRIV
    MomentumGuar : G-YXDEQ9M-J4EOQJ7-GKGBBG9
    Old MutualMax Income : RNKYJ3YJYYYJYJJJJHHHHHH3KV4HLNNH8T6
    Old MutualAnn : DCWU5 4Q7XD E4CAC Y8N3Y
    Old MutualBond : YGGUUUUUUUUUUUUUUUUUUUC3UUUUUUUMV87



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