State super crediting rates
Investment returns generally don’t impact defined benefit funds. However, if your retirement options include resignation or retrenchment benefits, crediting rates may affect the refund of contributions plus interest.
| State super interim crediting rate*: |
7.77% p.a. |
| Effective date: |
21 November 2018 |
Crediting rates history
| Effective date |
State super interim crediting rate* |
| 19 October 2018 |
9.16% |
| 21 September 2018 |
9.38% |
| 21 August 2018 |
9.21% |
| 20 July 2018 |
9.05% |
| 21 June 2018 |
7.41% |
| 21 May 2018 |
7.32% |
| 20 April 2018 |
7.01% |
| 20 March 2018 |
7.53% |
| 20 February 2018 |
7.77% |
| 19 January 2018 |
7.72% |
| 21 December 2017 |
7.60% |
| 22 November 2017 |
7.33% |
| 27 October 2017 |
6.77% |
| 22 September 2017 |
6.61% |
| 24 August 2017 |
6.61% |
| 21 July 2017 |
6.78% |
Declared annual crediting rates
Year ended
30 June |
Gross Investment Return |
Net Investment Return |
Declared
Crediting Rate |
| 2018 |
10.92% |
9.47% |
7.63% |
2017
|
12.45% |
10.82%
|
7.75% |
| 2016 |
3.33% |
2.78% |
8.68% |
| 2015 |
11.90% |
9.82% |
13.10% |
| 2014 |
15.81% |
13.74% |
10.32% |
| 2013 |
18.10% |
15.84% |
9.50% |
| 2012 |
2.74% |
1.91% |
7.95% |
| 2011 |
12.72% |
11.21% |
2.04% |
Crediting policy for state super defined benefit assets
The earnings are calculated and applied annually at 30 June using the declared crediting rate calculated as the compound average of the current and previous two years' annual investment earnings (net of expenses and tax).
It's important to note that the declared crediting rate will never be less than 0.0% p.a.
For example, if the result of the compound average calculation is -1.0% p.a. then the declared crediting rate for that year would be 0.0% p.a. Any shortfall is not considered in future years' calculation of rates.
Administration Costs and Investment Management Fees
No fees apply for New Scheme Members unless they receive a benefit that comprises a refund of contributions and earnings. Administration costs and investment management fees are deducted prior to calculating the annual rate of earnings. The following table shows the investment and administration cost fees deducted from crediting rates prior to the crediting of earnings to member accounts.
State Superannuation Fund: Indirect management costs deducted from fund crediting rates.
| Effective Date |
Indirect Investment Fees % |
Indirect Administration Fees % |
| 01/07/2016 |
0.00 |
0.18 |
| 01/07/2015 |
0.00 |
0.18 |
| 01/07/2014 |
0.00 |
0.18 |
| 01/07/2013 |
0.00 |
0.18 |
| 01/07/2012 |
0.00 |
0.18 |
| 01/07/2011 |
0.00 |
0.18 |
| 01/07/2010 |
0.00 |
0.18 |