Calculating investment returns
A crediting rate is the rate of return the Trustee determines to apply to an investment option.
Each of our investment options has its own crediting rate to reflect how the assets in each option have performed over a particular time period.
Investment returns can be positive or negative and are applied by calculating a specific crediting rate for each investment option, net of investment management fees and costs (other than account-based fees which are separately charged to your account).
Interim crediting rates
During a quarter, UniSuper calculates interim crediting rates on a daily basis, based on the information available at the time. Then, at the end of a quarter, we calculate a final crediting rate which takes into account additional information (for example, periodic valuations of unlisted assets that may have been recently valued).
You can check your balance by logging in to your account via MemberOnline.
If you check your investment in a particular investment option during the quarter via MemberOnline, the balance will reflect the interim crediting rates that have been applied during the quarter.
Final crediting rates
If you are invested in an investment option at the end of a quarter, the final crediting rate will be applied to the balance in that option at the end of the quarter and your account balance will be updated to reflect the difference between interim and final crediting rates.
If you are invested in an investment option at the end of a quarter and you make a partial switch, a full switch or a partial withdrawal before the final crediting rate is issued, the final crediting rate will apply to the balance you held at the end of the quarter and your account balance will be updated to reflect the difference between the interim crediting rates and final crediting rates. However, if you remain invested in an investment option at the end of a quarter, and make a full withdrawal out of that option before final crediting rates are declared, interim crediting rates will apply to the entire balance you held in that investment option at the end of the quarter.
If you transfer funds between a UniSuper super account and a UniSuper pension account (or vice versa), the transfer will be treated as a withdrawal (even though you may choose the same investment options in the account you’re transferring to).
If you want more information about how we apply crediting rates to your account, contact our UniSuper Member Services team on 1800 331 685.
UniSuper Helpline 1800 331 685
UniSuper Advice 1300 331 685