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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 11-September-2017Valid until: 15-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 136 944.006.490%R 1 369 444.006.490%
AbsaL  8R 134 527.716.111%R 1 345 277.066.111%
AssupolG 2.358 ; 11R 133 444.245.940%R 1 361 745.026.370%
Discovery*G 3.58R 131 502.055.630%R 1 349 282.806.175%
Old Mutual Wealth L  8 ; 13R 130 832.075.450%R 1 353 011.106.150%
Clientele life*G 2.438 R 130 262.995.430%R 1 346 451.836.130%
MomentumG 2.78R 127 616.08 5.030%R 1 322 040.995.770%
NEDgroup LIFE*L  8R 127 162.644.923%R 1 339 258.216.016%
Liberty Life

G

3.1

8- - R 1 330 581.00 5.810%



(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 139 405.006.870%R 1 394 052.006.870%
AssupolG 2.358 ; 11R 135 344.416.240%R 1 381 056.596.670%
Discovery*G 3.58R 133 965.106.023%R 1 373 913.226.559%
Old Mutual Wealth L  8 ; 13R 133 183.295.820%R 1 377 046.926.520%
Clientele life*G 2.438 ; 10R 132 251.895.750%R 1 366 873.526.450%
MomentumG 2.78R 130 426.335.490%R 1 350 341.956.230%
Liberty Life

G

3.1

8- - R 1 353 465.00 6.170%


  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 2 980.60R 4 323.97R 3 881.98
DiscoveryR 2 791.22R 4 160.07R 3 828.84
MomentumR 2 740.78R 4 218.29R 3 871.54
Old MutualR 2 679.67R 4 079.12R 3 594.97


  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 3 104.40 R 4 462.44 R 3 903.57
Just Lifetime Income (Med)6 R 3 335.12 R 4 627.89 R 4 023.39
Just Lifetime Income (High)6 R 3 648.01 R 4 844.24 R 4 205.27


  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 1 925.21R 258.54R 1 666.6713.429%
MetropolitanR 1 896.71R 230.04R 1 666.6712.129%
Old MutualR 1 882.20R 215.53R 1 666.6711.451%
MomentumR 1 879.61R 212.94R 1 666.6711.329%



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 494.12R 66.36R 4 941.23R 663.59
Clientele life*G 2.435 ; 9R 486.76R 65.52R 5 025.40R 696.20
Discovery*G 3.55 ; 6R 443.70R 18.37R 4 913.55R 494.03
NEDgroup LIFE*L  5R 409.14R 27.45R 4 829.20R 413.33
MomentumG 2.75R 367.92R 21.08R 4 604.00R 558.93



(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 508.06R 71.08R 5 238.10R 753.30
Discovery*G 3.55 ; 6R 479.31R 24.56R 5 163.49R 528.40
MomentumG 2.75R 402.99R 28.81R 4 947.81R 640.25

    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 : 1484C 93105 01F71 A014F
    MetropolitanMetquote Codes : EA20E F8755 2386F D02EB
    MetropolitanMetquote Codes : EFC75 EC4CC BA596 00386
    MomentumAnn : A-MHDKQET-64G7M7J-GUCBRIR
    MomentumGuar : G-YHDKQ9U-J4EOQFO-GKEBBG9
    Old MutualMax Income : EKKJJ3JJYYYJYJJJJHJHHH3HLV4HL3HJZAH
    Old MutualAnn : 6Q9SA DHP5G ANRER DV7Y7
    Old MutualBond : BVGUUUUUUUUUUUUUUUUUUUY9UUUUUUUMYWP



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