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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 26-September-2017Valid until: 29-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%
AbsaL  8R 137 076.846.511%R 1 370 768.386.511%
AssupolG 2.358 ; 11R 133 507.245.950%R 1 363 025.706.390%
Discovery*G 3.58R 131 838.585.684%R 1 352 735.706.229%
Old Mutual Wealth L  8 ; 13R 131 066.615.530%R 1 355 029.056.240%
Clientele life*G 2.438 R 130 819.935.520%R 1 352 170.596.220%
MomentumG 2.78R 128 954.595.200%R 1 336 082.515.950%
NEDgroup LIFE*L  8R 127 810.055.030%R 1 346 076.596.124%
Liberty Life

G

3.1

8- - R 1 333 797.00 5.910%



(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 140 452.007.030%R 1 404 519.007.030%
AssupolG 2.358 ; 11R 135 408.126.250%R 1 382 351.786.690%
Discovery*G 3.58R 134 307.936.077%R 1 377 429.166.614%
Old Mutual Wealth L  8 ; 13R 133 421.745.910%R 1 379 099.996.610%
Clientele life*G 2.438 ; 10R 132 815.625.840%R 1 372 661.536.540%
MomentumG 2.78R 131 810.735.660%R 1 364 584.576.390%
Liberty Life

G

3.1

8- - R 1 356 789.00 6.270%


  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 2 977.89R 4 323.94R 3 878.75
DiscoveryR 2 793.02R 4 161.34R 3 825.22
MomentumR 2 750.87R 4 233.92R 3 886.17
Old MutualR 2 733.26R 4 130.61R 3 654.82


  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 3 135.96 R 4 489.51 R 3 939.66
Just Lifetime Income (Med)6 R 3 361.37 R 4 650.96 R 4 055.25
Just Lifetime Income (High)6 R 3 667.65 R 4 862.14 R4 231.43


  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 1 939.17R 272.50R 1 666.6714.053%
MetropolitanR 1 898.85R 232.18R 1 666.6712.228%
MomentumR 1 888.36R 221.69R 1 666.6711.740%
Old MutualR 1 887.70R 221.03R 1 666.6711.709%


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 524.51R 73.71R 5 245.11R 737.07
Clientele life*G 2.435 ; 9R 498.60R 68.59R 5 143.60R 727.70
Discovery*G 3.55 ; 6R 447.65R 19.22R 4 953.40R 502.93
NEDgroup LIFE*L  5R 417.05R 28.83R 4 910.79R 430.20
MomentumG

2.7

5R 384.74R 24.93R 4 777.30R 600.51



(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 519.87R 74.26R 5 356.00R 785.70
Discovery*G 3.55 ; 6R 472.94R 22.71R 5 202.91R 537.41
MomentumG 2.75R 419.98R 32.93R 5 121.13R 684.70

    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 : 08519 D99CE 3D655 A0168
    MetropolitanMetquote Codes : 45A41 236E3 70EE6 F02D9
    MetropolitanMetquote Codes : CD0DC C216B 82CE6 603EF
    MomentumAnn : A-MXCOQE2-D4H7MIJ-GUCBRIZ
    MomentumGuar : G-YXDOQ9I-J4EOQM7-GKEBBG9
    Old MutualMax Income : WKKJY3JYJYYJYJJYHJJHHH3HKEWNLJHJFZH
    Old MutualAnn : HPJBQ CFAB6 PC474 MSEKC
    Old MutualBond : FVGUUUUUUUUUUUUUUUUUUUC5UUUUUUUULL4



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