We use crediting rates

The rate of investment return for each investment option is called the crediting rate. Crediting rates are how we apply positive and negative returns to your account. Crediting rates are based on the performance of the investment options you are invested in, net of investment fees and costs as well as any applicable taxes and franking credits. 

Interim and final crediting rates

We calculate crediting rates daily based on the information available at the time. Some information, such as updated valuations for unlisted assets, are not available until much later. For this reason, these daily crediting rates are interim crediting rates only and are updated when we calculate a final crediting rate at the end of each quarter.


Applying returns to your account

The type of account you have determines when your returns are applied.

Pension accounts

Investment returns are applied to your account as a transaction each month. This is usually the second working day of each month or later in the month following quarter-end (January, April, July and October).

The estimated balance shown on your account is based on the available crediting rates and is the best estimate of the balance you would receive should you close your account at any point in time. 

Super accounts

Investment returns based on final crediting rates are applied to your account as a transaction twice a year following 30 June and 31 December.

The account balance shown in your Benefit statement reflects these updates.

Remember:
  • Returns can be positive (money credited to your account) or negative (money debited from your account).
  • We credit returns after applicable fees, costs, and tax (including rebates). See more on investment fees.


When you change investments or make a partial withdrawal

If you make an investment switch or a partial withdrawal before we issue the final crediting rate, the final crediting rate will still be applied to the balance you held to the end of the quarter.

When you make a full withdrawal or transfer between accounts

If you make a full withdrawal before we declare final crediting rates, interim crediting rates will apply to the entire balance you held in a given investment option at the end of the quarter.

Transferring funds between a UniSuper super account and a UniSuper pension account (or vice versa), is treated as a withdrawal (even though you may choose the same investment options in the account you’re transferring to).

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