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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 30-October-2017Valid until: 03-November-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 142 431.007.330%R 1 424 314.007.330%
AbsaL  8R 141 747.047.227%R 1 417 470.367.227%
AssupolG 2.358 ; 11R 138 624.326.750%R 1 414 388.657.180%
Discovery*G 3.58R 136 748.776.460%R 1 403 116.847.009%
Old Mutual Wealth L  8 ; 13R 136 543.326.420%R 1 411 133.917.120%
Clientele life*G 2.438 R 136 366.646.400%R 1 409 117.977.100%
MomentumG 2.78R 135 998.916.310%R 1 409 249.247.070%
NEDgroup LIFE*L  8R 132 234.195.747%R 1 392 671.046.849%
Liberty Life

G

3.1

8- - R 1 383 276.00 6.700%



(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 145 038.007.720%R 1 450 380.007.720%
AssupolG 2.358 ; 11R 140 583.187.050%R 1 434 294.357.480%
Discovery*G 3.58R 139 310.086.855%R 1 428 730.047.396%
MomentumG 2.78R 139 009.256.780%R 1 439 352.637.520%
Old Mutual Wealth L  8 ; 13R 138 996.476.800%R 1 436 200.607.500%
Clientele life*G 2.438 ; 10R 138 429.646.720%R 1 430 295.397.420%
Liberty Life

G

3.1

8- - R 1 407 147.00 7.060%


  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 3 045.57R 4 412.97R 3 961.08
Old MutualR 2 948.21R 4 374.25R 3 906.94
MomentumR 2 872.80R 4 385.25R 4 031.59
DiscoveryR 2 851.13R 4 249.61R 3 896.01


  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 3 309.28 R 4 679.69 R 4 139.17
Just Lifetime Income (Med)6 R 3 528.86 R 4 834.88 R 4 248.55
Just Lifetime Income (High)6 R 3 826.34 R 5 036.47 R 4 415.63


  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 1 965.35R 298.68R 1 666.6715.197%
MetropolitanR 1 933.91R 267.24R 1 666.6713.819%
MomentumR 1 909.25R 242.58R 1 666.6712.706%
Old MutualR 1 907.07R 240.40R 1 666.6712.606%


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 578.83R 87.97R 5 788.31R 879.68
Clientele life*G 2.435 ; 9R 557.58R 84.79R 5 732.40R 893.50
Discovery*G 3.55 ; 6R 508.47R 36.61R 5 571.57R 686.87
NEDgroup LIFE*L  5R 469.83R 38.70R 5 450.09R 549.45
MomentumG 2.75R 463.80R 39.75R 5 577.85R 757.47



(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 578.72R 90.97R 5 943.50R 956.60
Discovery*G 3.55 ; 6R 533.38R 40.50R 5 817.24R 725.17
MomentumG 2.75R 498.56R 48.56R 5 918.17R 849.26

    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 : 485E3 54C64 8EDA5 00181
    MetropolitanMetquote Codes : DA957 EAF2F 89FF3 2025B
    MetropolitanMetquote Codes : 2047E E0F59 91AF4 D036C
    MomentumAnn : A-4XDYQEJ-X4GBNJV-G7BBRES
    MomentumGuar : G-YXDYQ9B-J4EOQTW-GKGBB79
    MomentumGe : GE-DCEID-DECDH-CLBCL-JGKBC-JFHDB-CIBCD
    Old MutualMax Income : CQKJ5ZJYYYJYJJJJJJJHHHHHQESHL3HHTPH
    Old MutualAnn : GK5NU EJ69A GZKDS 9CYG2
    Old MutualBond : DNGUUUUUUUUUUUUUUUUUUU8SUUUUUUUM2ZW



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