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Rates applicable from:3-Mar-2014 to 7-Mar-2014

 

Compulsory Annuity Plans - Male born 1-1-1959

Product Provider

Product Name

Single Life
10 year Guarantee
0% Tax
R1 million
Monthly in arrears

Joint Life
Second Life - 1/1/1959
0% reduction on 1st death
0% Tax
R1 million
Monthly in arrears
Level income

Level Income

5% Income
Escalation

10 Year Guarantee

Nil Guarantee

Old Mutual

Max Income for Life

R 8,112.69

R 5,180.04

R 7,336.68

R 7,346.35

Sanlam

Life Annuity

R 7,996.20

R 4,644.37

R 7,263.45

R 7,268.45

Liberty Life

Life Annuity

R 7,951.08

R 4,962.40

R 7,139.06

R 7,151.70

Metropolitan

Compulsory Life Annuity

R 8,184.16

R 5,245.98

R 7,382.25

R 7,387.86

Momentum

Life Annuity

R 8,066.92

R 4,875.46

R 7,444.04

R 7,447.56

Discovery Invest

Retirement Income Plan (Fixed Annuity)

R 7,829.44

R 4,894.77

R 7,225.45

R 7,228.66

         
                 

Compulsory Annuity Plans - Female born 1-1-1959

Product Provider

Product Name

Single Life
10 year Guarantee
0% Tax
R1 million
Monthly in arrears

Joint Life
Second Life - 1/1/1959
0% reduction on 1st death
0% Tax
R1 million
Monthly in arrears
Level income

Level Income

5% Income
Escalation

10 Year Guarantee

Nil Guarantee

Old Mutual

Max Income For Life

R 7,665.33

R 4,650.62

R 7,336.68

R 7,346.35

Sanlam

Life Annuity

R 7,606.33

R 4,201.52

R 7,263.45

R 7,268.45

Liberty Life

Life Annuity

R 7,474.43

R 4,429.84

R 7,139.06

R 7,151.70

Metropolitan

Compulsory Life Annuity

R 7,684.05

R 4,665.22

R 7,382.25

R 7,387.86

Momentum

Life Annuity

R 7,754.51

R 4,439.96

R 7,444.04

R 7,447.56

Discovery Invest

Retirement Income Plan (Fixed Annuity)

R 7,525.43

R 4,513.28

R 7,225.45

R 7,228.66

                 
                 

Voluntary Annuity Plans

Product Provider

Product Name

R 1 million Investment (natural persons)
Monthly annuity income
5 year term certain
0% tax applicable

Gross Income

Taxable Portion

Tax Free Portion

 

Old Mutual

Max Income for Term

R 19,386.45

R 2,719.78

R 16,666.67

 

Sanlam

Stratus Guaranteed Income

R 19,549.37

R 2,882.71

R 16,666.66

 

Liberty Life

Annuity Certain

R 19,129.93

R 2,463.27

R 16,666.67

 

Metropolitan

Term Certain Annuity

R 19,638.40

R 2,971.29

R 16,667.11

 

Momentum

Term Certain Annuity

R 19,596.52

R 2,929.86

R 16,666.67

 
                 
                 
                 

Growth Plans - using 3.42% as the Financial Advisor Fee

Product Provider

Product Name

Guaranteed return on Investment of R100 000
for a 5 year term for a natural person
FA fees taken = 3.42% incl. VAT

Guaranteed return on Investment of
R1 000 000 for a 5 year term for a natural person
FA fees taken = 3.42% incl. VAT

Rand Amount

%

Rand Amount

%

Old Mutual

Investment Frontiers Capital Portfolio (Fixed Bonds)

R 125,800.62

4.62%

R 1,301,492.18

5.32%

Liberty Life

Guaranteed Investment Plan1

R 140,076.39

6.97%

R 1,442,125.50

7.6%

Momentum

Guaranteed Endowment Plan

R 140,310.97

7.02%

R 1,453,993.41

7.78%

Discovery Invest

Discovery Guaranteed Growth Plan

R 142,135.60

7.29%

R 1,458,388.73

7.84%

1: The rates for the Guaranteed Investment Plan may change during the week. Please refer to Liberty Life for their latest rates.

             

 

Growth Plans - using 1.71% as the Financial Advisor fee

Product Provider

Product Name

Guaranteed return on Investment of R100 000
for a 5 year term for a natural person
FA fees taken = 1.71% incl. VAT

Guaranteed return on Investment of
R1 000 000 for a 5 year term for a natural person
FA fees taken = 1.71% incl. VAT

Rand Amount

%

Rand Amount

%

Old Mutual

Investment Frontiers Capital Portfolio (Fixed Bonds)

R 128,061.82

4.99%

R 1,324,613.68

5.69%

Sanlam

Stratus Guaranteed Return

R 133,279.00

5.82%

R 1,373,484.00

6.45%

Liberty Life

Guaranteed Investment Plan1

R 142,561.15

7.35%

R 1,467,123.31

7.97%

Momentum

Guaranteed Endowment Plan

R 143,430.24

7.49%

R 1,485,122.11

8.24%

Discovery Invest

Discovery Guaranteed Growth Plan

R 144,797.81

7.68%

R 1,485,010.84

8.23%

1: The rates for the Guaranteed Investment Plan may change during the week. Please refer to Liberty Life for their latest rates.

             
                 
                 

Income Plans - using 3.42% as the Financial Advisor Fee

Product Provider

Product Name

R1 million Investment (natural persons)
Monthly annuity income
Capital Guaranteed
5 year term
0% tax applicable
FA fees taken = 3.42% incl. VAT

Gross Annuity Income

Taxable Portion

     

Old Mutual

Investment Frontiers Income Portfolio (Fixed Bonds)

R 4,495.55

R 590.28

     

Liberty Life

Guaranteed Investment Plan with Income

R 5,772.37

R 392.91

     

Momentum

Guaranteed Endowment Income Plan

R 6,074.42

R 891.12

     

Discovery Invest

Discovery Guaranteed Income Plan

R 6,013.18

R 686.63

     
                 

 

Income Plan - using 1.71% as the Financial Advisor Fee

Product Provider

Product Name

R1 million Investment (natural persons)
Monthly annuity income
Capital Guaranteed
5 year term
0% tax applicable
FA fees taken = 1.71% incl. VAT

Gross Annuity Income

Taxable Portion

     

Old Mutual

Investment Frontiers Income Portfolio (Fixed Bonds)

R 4,713.16

R 634.61

     

Sanlam

Stratus Guaranteed Investment

R 5,337.37

R 810.08

     

Liberty Life

Guaranteed Income Plan with Income

R 6,054.54

R 463.68

     

Momentum

Guaranteed Endowment Income Plan

R 6,412.94

R 989.52

     

Discovery Invest

Discovery Guaranteed Income Plan

R 6,246.47

R 720.32

     
                 
                 
                   

Disclaimer
These rates are for information purposes only. Kindly ensure that a quotation is obtained from the relevant Product Providers and the exact nature and type of the guarantee underpinning the investment are determined before advising a client.

The information contained in this site is compiled in good faith and based on information received directly from the product companies in respect of their products. Masthead is satisfied that the companies quoted have a sound reputation and a proven track record in the annuity market. Masthead believes this information to be reliable, accurate and up to date. However, Masthead does not make any representations or warranties, express or implied, as to the accuracy, completeness or suitability of the information. Masthead does not accept responsibility or liability for any loss, damage or expense that may be incurred as a direct or indirect consequence of reliance placed on information contained in this site.

                 

License

TP Hentiq 6336 Pty (Ltd) T/A Eagle Vision Financial Services

REG: 2010/020735/07                                 

MEMBER:     E.J.Eagleton

TP Hentiq 6336 Pty (Ltd) T/A Eagle Vision Financial Services – Licensed Financial Services Provider in terms of Section 8 of the Financial Advisory and Intermediary Services Act, 2002.  (Act No. 37 of 2002) (Licence Number 42933)