Moonstone Information Refinery (Pty) Ltd
Investment Rates

Assupol banner
 

Updated: 19-November-2018Valid until: 23-November-2018

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 142 100.007.280%R 1 424 977.007.340%
Clientele life*L  8R 141 570.887.200%R 1 422 324.237.300%
Absa*L  8R 140 422.847.026%R 1 404 228.387.026%
Clientele life*G 2.438 R 139 601.006.900%R 1 402 551.737.000%
AssupolG 2.358 ; 11R 139 535.726.890%R 1 423 650.297.320%
Discovery*G 3.58R 134 901.666.170%R 1 384 179.976.718%
Old Mutual Wealth Fixed BondG 38 R 134 334.406.040%R 1 388 723.356.740%
MomentumG 2.78R 133 563.005.960%R 1 383 985.006.720%
NEDgroup LIFE*L  8R 133 190.015.900%R 1 373 846.006.558%
Liberty Life

G

3.1

8- - R 1 381 820.00 6.640%



(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 144 702.007.670%R 1 451 053.007.730%
Clientele life*L  8 R 143 696.537.520%R 1 443 660.057.620%
Clientele life*G 2.438R 141 702.997.220%R 1 423 650.297.320%
AssupolG 2.358 ; 11R 141 504.867.190%R 1 443 660.057.620%
Discovery*G 3.58R 137 451.666.569%R 1 409 679.937.109%
Old Mutual Wealth Fixed BondG 3 8 R 136 770.116.420%R 1 413 616.877.120%
MomentumG 2.78R 136 558.006.430%R 1 413 940.007.170%
Liberty Life

G

3.1

8- - R 1 405 879.00 7.000%


  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
Old MutualR 3 008.10R 4 383.27R 3 956.45
MetropolitanR 2 939.26R 4 377.50R 3 983.10
MomentumR 2 874.16R 4 407.04R 4 040.02
DiscoveryR 2 854.74R 4 255.38R 3 900.49
Assupol LifeR 2 787.80R 4 235.79R 3 839.52
Assupol Life (rewired)7 R 3 276.15  


  1. * Male 60 alb (DOB 01/01/1958)
  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.
  7. Assupol Life’s Ultimate Retirement Income 4Life offers rewirement - this is a combination between a level and increasing income. For this scenario, the Rewirement factor is 4 and the income starts to increase yearly by 5% after 5 years.

Underwritten

Institution Escalating 10yrs Certain &
Thereafter* (C&T)
Single Life* 10 C&T Joint & Survivor**
10 C&T
Just Lifetime Income (Low)6 R 3 083.40 R 4 485.04 R 3 988.71
Just Lifetime Income (Med)6 R 3 289.96 R 4 629.32 R 4 081.76
Just Lifetime Income (High)6 R 3 579.86 R4 824.60 R 4 223.20


  1. * Male 60 alb (DOB 01/01/1958)
  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 1 972.52R 305.85R 1 666.6715.506%
MomentumR 1 916.20R 249.53R 1 666.6713.022%
Old MutualR 1 880.27R 213.60R 1 666.6711.360%
MetropolitanR 1 871.57R 204.90R 1 666.6710.948%


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 567.82R 88.04R 5 678.20R 880.45
Clientele life*G 2.435 ; 9R 557.58R 84.79R 5 654.10R 870.60
Discovery*G 3.55 ; 6R 488.24R 32.34R 5 368.14R 642.91
NEDgroup LIFE*L  5R 473.22R 39.35R 5 235.89R 500.43
MomentumG 2.75R 439.78R 37.12R 5 338.75R 731.94
Assupol G2.35    R 5 836.23R 587.87



(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 5 865.40R 933.00
Discovery*G 3.55 ; 6R 513.65R 36.24R 5 618.72R 681.40
MomentumG 2.75R 475.20R 45.95R 5 684.35R 824.23
Assupol G2.43    R 6 034.62R 607.85

    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, Momentum and Assupol.
  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 : 47F90 02DC0 26236 F01E6
MetropolitanMetquote Codes : 81614 43B26 9E905 B022D
MetropolitanMetquote Codes : 515E0 65533 1669A 30351
MomentumAnn : A-4XD7QEE-94ERICV-KBBBRER
MomentumGuar : G-YXD7Q9G-J4FOQTF-KKFBB29
MomentumGe : GE-DCEJD-ECLDH-CLBCL-EDJBC-JBKDB-CDBCD
Old MutualMax Income : L8WRPQZTZYYYYYJJH33JYA6YQVJJZNNJNGN
Old MutualAnn : A7T5U 3TRKV CPER9 KG4LD
Old MutualBond : 6C8UUUUUUUUUUUUUUUUUUUAAUUUUUUUUY44
For further information or comments please contact us at info@MoonstoneInfo.com or visit our website http://www.MoonstoneInfo.com.