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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 16-October-2017Valid until: 20-October-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 138 819.006.780%R 1 388 192.006.780%
AbsaL  8R 137 966.146.648%R 1 379 661.376.648%
AssupolG 2.358 ; 11R 134 581.766.120%R 1 373 305.856.550%
Discovery*G 3.58R 133 531.545.954%R 1 370 106.416.500%
Old Mutual Wealth L  8 ; 13R 132 640.395.760%R 1 371 429.176.460%
Clientele life*G 2.438 R 132 189.375.740%R 1 366 231.616.440%
MomentumG 2.78R 130 883.435.480%R 1 356 093.466.230%
NEDgroup LIFE*L  8R 127 977.385.057%R 1 348 158.616.157%
Liberty Life

G

3.1

8- - R 1 351 328.00 6.150%



(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 141 373.007.170%R 1 413 729.007.170%
AssupolG 2.358 ; 11R 136 494.856.420%R 1 392 748.296.850%
Discovery*G 3.58R 136 032.596.348%R 1 395 116.986.886%
Old Mutual Wealth L  8 ; 13R 135 023.896.130%R 1 395 791.686.830%
Clientele life*G 2.438 ; 10R 134 201.736.060%R 1 386 892.586.760%
MomentumG 2.78R 133 784.335.940%R 1 385 174.326.670%
Liberty Life

G

3.1

8- - R 1 374 592.00 6.510%


  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 2 991.32R 4 349.36R 3 897.36
DiscoveryR 2 820.27R 4 208.90R 3 860.76
MomentumR 2 813.56R 4 321.61R 3 963.28
Old MutualR 2 792.55R 4 197.59R 3 724.36


  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 3 211.89 R 4 572.17 R 4 026.48
Just Lifetime Income (Med)6 R 3 434.68 R 4 730.94 R 4 139.18
Just Lifetime Income (High)6 R 3 737.10 R 4 938.11 R 4 311.50


  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 1 948.57R 281.90R 1 666.6714.467%
MetropolitanR 1 910.38R 243.71R 1 666.6712.757%
MomentumR 1 901.95R 235.28R 1 666.6712.371%
Old MutualR 1 895.51R 228.84R 1 666.6712.073%


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 536.22R 77.58R 5 362.16R 775.75
Clientele life*G 2.435 ; 9R 510.42R 71.71R 5 261.70R 759.70
Discovery*G 3.55 ; 6R 468.44R 24.67R 5 164.34R 560.54
NEDgroup LIFE*L  5R 420.21R 29.35R 4 944.13R 437.23
MomentumG 2.75R 408.74R 30.66R 5 022.62R 662.99



(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 531.67R 77.49R 5 473.80R 818.80
Discovery*G 3.55 ; 6R 493.57R 28.28R 5 412.30R 596.18
MomentumG 2.75R 444.00R 39.03R 5 367.72R 750.41

    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 : 8BA62 EC170 F21CE 401BC
    MetropolitanMetquote Codes : C8006 56CC1 EEAE0 50267
    MetropolitanMetquote Codes : 30E17 995A0 6D6BE 003FA
    MomentumAnn : A-MHDUQEZ-L4H7PMZ-GKCBRYX
    MomentumGuar : G-YXDUQ97-J4FOQWB-GKEBBW9
    Old MutualMax Income : NQKJZHJYYJYYJJYJHJJHHHHHLESHLJHJFMK
    Old MutualAnn : 9JA4G 36U4L 8XBVB 42SGB
    Old MutualBond : GNGUUUUUUUUUUUUUUUUUUUC7UUUUUUUU8LP



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