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Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 20-November-2017Valid until: 24-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  8R 143 496.007.490%R 1 434 962.007.490%
AbsaL  8R 142 881.127.398%R 1 428 811.227.398%
AssupolG 2.358 ; 11R 139 796.996.930%R 1 426 305.367.360%
Discovery*G 3.58R 137 913.136.640%R 1 415 063.987.190%
Old Mutual Wealth L  8 ; 13R 137 355.446.510%R 1 419 717.697.210%
Clientele life*G 2.438 R 136 944.366.490%R 1 415 048.607.190%
MomentumG 2.78R 136 583.926.400%R 1 415 193.607.160%
NEDgroup LIFE*L  8R 132 826.725.842%R 1 399 243.356.949%
Liberty Life

G

3.1

8- - R 1 387 002.00 6.720%



(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  8R 146 118.007.880%R 1 461 183.007.880%
AssupolG 2.358 ; 11R 141 769.087.230%R 1 446 344.937.660%
Discovery*G 3.58R 140 496.267.037%R 1 440 895.187.579%
Old Mutual Wealth L  8 ; 13R 139 823.326.890%R 1 444 937.197.590%
MomentumG 2.78R 139 608.426.870%R 1 445 576.147.610%
Clientele life*G 2.438R 139 014.336.810%R 1 436 297.187.510%
Liberty Life

G

3.1

8- - R 1 410 885.00 7.080%


  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 3 124.55R 4 496.31R 4 050.26
DiscoveryR 3 016.41R 4 408.55R 4 070.20
Old MutualR 2 923.08R 4 352.24R 3 880.21
MomentumR 2 907.34R 4 427.28R 4 074.39


  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 3 205.36 R 4 613.33 R 4 119.55
Just Lifetime Income (Med)6 R 3 407.23 R 4 754.39 R 4 209.17
Just Lifetime Income (High)6 R 3 691.03 R 4 944.72 R 4 345.93


  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 1 976.60R 309.93R 1 666.6715.680%
MetropolitanR 1 939.05R 272.38R 1 666.6714.047%
MomentumR 1 916.24R 249.57R 1 666.6713.024%
Old MutualR 1 908.24R 241.57R 1 666.6712.659%


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 593.21R 93.01R 5 932.11R 930.15
Clientele life*G 2.435 ; 9R 565.41R 87.06R 5 810.70R 916.70
Discovery*G 3.55 ; 6R 520.85R 39.15R 5 696.02R 712.90
NEDgroup LIFE*L  5R 477.14R 40.15R 5 524.86R 567.05
MomentumG 2.75R 470.67R 41.56R 5 648.32R 777.21



(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 586.54R 93.30R 6 021.15R 980.40
Discovery*G 3.55 ; 6R 545.59R 43.03R 5 939.99R 751.21
MomentumG 2.75R 505.45R 50.49R 5 987.39R 869.97

    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 : 32504 72525 002D9 C01BE
    MetropolitanMetquote Codes : 4FF8D 1B48A 31B01 B0206
    MetropolitanMetquote Codes : 9E1A6 635B0 14C3F E03AB
    MomentumAnn : A-4HC7QEM-94FBPBV-GRABRUW
    MomentumGuar : G-YHD7Q9D-J4HOQJZ-GKFBBO9
    MomentumGe : GE-DCEID-EDCDH-CLBCM-BFIBC-JGHDB-CIBCD
    Old MutualMax Income : Q8KJ5ZYJYYJJYJHJJJHHHHHHLEHNZ3HJ3QD
    Old MutualAnn : SSB8Z 4TM3P ZG2YB CPDZS
    Old MutualBond : NCGUUUUUUUUUUUUUUUUUUUFPUUUUUUUUNLR



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