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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 28-August-2017Valid until: 01-September-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 137 976.006.650%R 1 379 762.006.650%
AssupolG 2.358 ; 11R 135 471.856.260%R 1 382 351.786.690%
AbsaL  8R 135 438.136.255%R 1 354 381.266.255%
Discovery*G 3.58R 132 329.295.762%R 1 357 770.696.308%
Old Mutual Wealth L  8 ; 13R 131 248.545.570%R 1 356 819.086.280%
Clientele life*G 2.438 R 131 006.005.550%R 1 354 718.496.260%
MomentumG 2.78R 128 335.455.100%R 1 329 530.325.850%
NEDgroup LIFE*L  8R 127 751.085.020%R 1 345 455.606.114%
Liberty Life

G

3.1

8- - R 1 339 658.00 6.010%



(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 140 518.007.040%R 1 405 175.007.040%
AssupolG 2.358 ; 11R 137 395.046.560%R 1 401 896.466.990%
Discovery*G 3.58R 134 807.836.156%R 1 382 556.056.693%
Old Mutual Wealth L  8 ; 13R 133 606.875.950%R 1 380 921.666.650%
Clientele life*G 2.438 ; 10R 133 003.965.870%R 1 375 240.276.580%
MomentumG 2.78R 131 164.385.560%R 1 358 019.336.300%
Liberty Life

G

3.1

8- - R 1 362 758.00 6.370%
  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 3 002.40R 4 352.93R 3 910.99
DiscoveryR 2 813.91R 4 164.30R 3 828.70
MomentumR 2 777.62R 4 264.37R 3 918.12
Old MutualR 2 712.10R 4 116.63R 3 633.29


  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 2 995.13 R 4 340.98 R3 774.36
Just Lifetime Income (Med)6 R 3 229.57 R 4 511.19 R3 898.71
Just Lifetime Income (High)6 R 3 548.77 R 4 734.82 R 4 087.24


  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 1 935.33R 268.66R 1 666.6713.882%
MetropolitanR 1 902.69R 236.02R 1 666.6712.405%
MomentumR 1 888.86R 222.19R 1 666.6711.763%
Old MutualR 1 886.10R 219.43R 1 666.6711.634%


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 506.39R 70.30R 5 063.89R 702.97
Clientele life*G 2.435 ; 9R 502.54R 69.62R 5 183.00R 738.30
Discovery*G 3.55 ; 6R 454.22R 21.31R 5 020.60R 525.27
NEDgroup LIFE*L  5R 416.61R 28.75R 4 906.67R 429.45
MomentumG 2.75R 377.85R 24.03R 4 706.86R 591.65



(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 2.435 ; 9R 523.81R 75.33R 5 395.30R 796.70
Discovery*G 3.55 ; 6R 479.50R 24.87R 5 269.94R 560.38
MomentumG 2.75R 413.02R 32.01R 5 052.93R 675.58

    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 : 69F92 356EF 5C272 301FE
    MetropolitanMetquote Codes : D0EE9 75323 2D1E2 00227
    MetropolitanMetquote Codes : 09815 02F67 C1804 203F7
    MomentumAnn : A-MHDGQEP-D4H7ODJ-G4DBRIV
    MomentumGuar : G-YXDGQ9Z-J4FOQ9O-GKHBBG9
    Old MutualMax Income : DNKHY3YYJYYYJYJJHJHHHH3HLV4HLNNJ6S5
    Old MutualAnn : VLM3L HDVCT SBXUX WP8LT
    Old MutualBond : 2GGUUUUUUUUUUUUUUUUUUUC4UUUUUUUMLUL



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