Moonstone Information Refinery (Pty) Ltd
Investment Rates

OUTsurance banner 2020-06-03

Updated: 12-April-2021 Valid until: 16-April-2021

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 - 3.45)
Comparison of secured investment rates (Investment for five year period)
InstitutionNature of SecurityCAR RatioNotesSecured Return**% Return on investment**Secured Return***% Return on investment***
Absa*L0R 129 125.985.245%R1 291 259.845.245%
Clientele life*G2.43R 127 628.165.000%R1 288 483.025.200%
Discovery*G3.5R 127 044.514.904%R1 303 560.505.445%
Assupol (secured)G1.94R 126 031.744.736%R1 286 157.595.162%
MomentumL2.6R 123 092.004.240%R1 275 240.004.980%
Old Mutual Wealth Fixed BondG0R 123 071.264.239%R1 273 198.144.949%
NEDgroup LIFE*L0R 119 920.603.700%R1 217 237.944.010%



(Commission at 1.5% plus VAT - 1.725)
Comparison of secured investment rates (Investment for five year period)
InstitutionNature of SecurityCAR RatioNotesSecured Return**% Return on investment**Secured Return***% Return on investment***
OUTvestL0R 133 822.566.000%R1 338 225.586.000%
Clientele life*G2.43R 129 584.865.320%R1 308 199.305.520%
Discovery*G3.5R 129 445.995.297%R1 327 575.245.831%
Assupol (secured)G1.94R 127 847.105.036%R1 306 588.405.494%
MomentumL2.6R 125 828.004.700%R1 302 597.005.430%
Old Mutual Wealth Fixed BondG0R 125 303.454.615%R1 296 022.435.323%

  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, Discovery, ABSA, Clientèle Life, Momentum, and Assupol.
  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.


Compulsory Annuity

Not underwritten

Comparison of monthly annuity income (R500000 compulsory, monthly paid in arrears)
InstitutionEscalating 10yrs Certain &
Thereafter* (C&T)
Single Life* 10 C&TJoint & Survivor**
10 C&T
Assupol Life (rewired)R 3 678.41 -         -        
MomentumR 3 190.39R 4 535.79R 4 294.89
MetropolitanR 3 189.16R 4 568.17R 4 210.55
Assupol LifeR 3 157.02R 4 454.16R 4 156.79
Old MutualR 3 139.96R 4 501.70R 4 176.79
DiscoveryR 3 115.30R 4 395.45R 4 141.74

  1. * Male 60 alb (DOB 01/01/1960)
  2. ** Male and female 60 alb
  3. 0% Tax deducted
  4. Escalation at 5% per Annum
  5. Metropolitan Life Annuities: contact your financial adviser or your nearest Metropolitan branch. Alternatively, contact our call centre on 0860 724 724.
  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.

Voluntary Annuity

Comparison of monthly annuity income (R100000 Voluntary, 5 year term certain)
InstitutionGross IncomeTaxable PortionTax Free PortionTaxable Percentage
Absa*R 1 846.36R 179.69R 1 666.679.732%
MomentumR 1 805.63R 138.96R 1 666.677.696%
MetropolitanR 1 773.09R 106.42R 1 666.676.002%
Old MutualR 1 769.20R 102.53R 1 666.675.795%

Annuity with Capital Secured

(Commission at 3% plus VAT - 3.45)
Comparison of monthly annuity income on income plans with capital secured.
(Investment amounts R100 000 and R1 000 000)
InstitutionNatureSecurityCAR RatioNotesGross annuity income
(R100 000)
Taxable portion
(R100 000)
Gross annuity income
(R1 000 000)
Taxable portion
(R1 000 000)
Discovery*G3.5R 383.01R 0.20R 4 293.01R 298.68
Absa*G3.5R 416.47R 40.53R 4 164.69R 405.31
Assupol (annuity)L1.94 -         -         R 4 050.86R 213.33
Clientele life*G2.43R 381.08R 41.00R 3 970.47R 443.71
MomentumL2.6 -         -         R 3 926.80R 343.60
NEDgroup LIFE*L0R 300.81R 11.77R 3 253.70R 148.27


(Commission at 1.5% plus VAT - 1.725)
Comparison of monthly annuity income on income plans with capital secured.
(Investment amounts R100 000 and R1 000 000)
InstitutionNatureSecurityCAR RatioNotesGross annuity income
(R100 000)
Taxable portion
(R100 000)
Gross annuity income
(R1 000 000)
Taxable portion
(R1 000 000)
Discovery*G3.5R 408.68R 3.07R 4 546.44R 327.04
MomentumL2.6 -         -         R 4 266.72R 409.61
Assupol (annuity)L1.94 -         -         R 4 262.45R 224.46
Clientele life*G2.43R 402.63R 45.58R 4 185.62R 491.01
  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. Income is guaranteed/secured for a five-year term after which the capital is guaranteed back to the investor.
  3. * Investor should not have to pay capital gains tax (contact institution for details)
  4. Nedgroup Life pay monthly in advance as opposed to other institutions that pay monthly in arrears.
  5. VAT on commission has been taken in account for Nedgroup Life, ABSA, Momentum, and Assupol.
  6. 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)
  7. 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 : 05897 989C6 1FAC5 0018B
MetropolitanMetquote Codes : A2272 38FAA A4229 F0275
MetropolitanMetquote Codes : A6525 38BC7 061FB 103E2
MomentumGuar : G-AXDAAPG-W4FEQYW-VXHB73R
MomentumAnn : A-EHCAQEF-Z4G7N64-VTBBRCX
MomentumDb : DB-DCFCC-HCEDH-CLBCJ-IHDBC-HEIDB-CDBCD
Old MutualBond: ZHGUUUUUUUUUUUUUUUUUUUJSUUUUUUUU3E2
Old MutualMax Income : VSN8P65TTT995A5A6ZYYJJJHQ6TT5HHHEZV
Old MutualAnn : YW5AS XYTQV UMY2V 4MK62

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