Crediting rates explained
The rate of investment return for an 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 interim crediting rates daily based on the information available at the time. The interim rates are estimates of the investment return for an investment option. At the end of each quarter, we calculate a final crediting rate which considers further information, such as recent valuations of unlisted assets.
Applying returns to your account
Interim crediting rates are applied to your account daily. These are estimates of the investment return that your option/s have made and may cause your estimated balance to go up or down.
We apply final crediting rates to your account as a transaction twice a year following 30 June and 31 December. These transactions are shown on your Benefit statement.
You will also see crediting rates applied to your account as a transaction when you make an investment switch or withdrawal.
Your estimated investment return/s since the date that crediting rates were last applied to your account will appear at the top of your Transaction history.
This process is the same for both Super and Pension account types.
- 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 at the end of the quarter.
When you make a full withdrawal or transfer between accounts
If you make a full withdrawal before we issue 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).