Unit prices & earning rates
What’s important to you is also what’s most important to us. When our investments grow, your super does too. That’s why we’re keeping track of it all, so you can feel at ease.
General information only: The following information is provided to members as general information only. Read earning rates and performance below to understand the context of this information.
|Investment option||Earning rate (%)|
Earning rates and performance
Earning rates are needed for daily member transactions and will determine the actual performance a member achieves based on the timing of their individual transactions. The earning rates are determined based on the best available information at the time they are declared. Valuations are fed into the earning rates calculation as soon as practical after they are received.
Investment performance for each investment option is calculated after fees and taxes. Past performance is no indication of future performance. Investment performance is calculated using the actual value of investment option assets as at the end of the quoted performance period and is indicative only of the performance that a member achieves on their investment. Investment performance is based on final valuations as at period end.
Using earning rates to calculate investment performance will provide similar but not identical rates to the published investment performance figures.
Application of earning rates to benefit paymentsEarning rates determined for the dates above reflect close of market valuations on that date. Member benefit payments are generally calculated and processed using the earning rate applicable on the date of processing. Usually, the earning rate applicable on the date of processing is based on valuation information for the day two business days prior to the processing date. This timing reflects when the valuation information is available and the time required to calculate and approve the earning rate. As an example, a lump sum benefit payment calculated and processed on 27 March will generally use the earning rate determined for 25 March, which reflects close of market valuations for 25 March.
Fund earnings affect the member and productivity components, as well as any amounts transferred into the CSS (known as accumulation components). The earnings applied to your account will either be positive or negative in line with the investment performance of your chosen option. If you have a productivity component that was accrued prior to 30 June 1990 (commonly referred to as interim or unfunded productivity), it will be credited with earnings based on the performance of your chosen investment option.
How do performance and earnings affect your benefit?
The impact of Fund earnings on your final benefit will depend on your mode of exit from the CSS: