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Our performance - defined benefit members
Interim credited rate
The interim credited rate from 1 July 2012 is currently 13.9% pa.
This is the rate used to calculate the value of your super if an ‘annual credited rate’ for the year is not available yet. It applies to the accounts used for your accumulation-style benefit (remember, your super is the greater of an accumulation-style benefit or defined benefit formula). It doesn’t apply to your SuperSave account.
This rate is reviewed quarterly and can go up or down. If it changes, the new rate applies to your accounts from 1 July 2012.
Annual credited rate
This is the rate applied to your accounts at 30 June each year (except SuperSave).
It’s calculated based on what the Defined Benefit Plan investments earn (net of management fees and taxes), less administration costs.
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For year
ended |
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Credited rate1 |
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> 30 June 2012 |
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0.75%2 |
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> 30 June 2011 |
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8.7% |
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> 30 June 2010 |
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11.8% |
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> 30 June 2009 |
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-11.7% |
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> 30 June 2008 |
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-9.4% |
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> 30 June 2007 |
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14.3 |
1All rates until 1 July 2012 apply to former Defined Benefit members of the Westpac Staff Super Plan only.
2This rate has been calculated based on a credited interest rate of -17.80%p.a. for the period from 1/7/2011 to 30/9/2011 and 7.3%p.a. for the period from 1/10/2011 to 30/6/2012.
Returns on your SuperSave
account
You may or may not have a SuperSave account. If you do, investment choice applies and you can choose from the investment options below. For returns on your SuperSave account, see below.
The value of your super depends
on how your investment option performs. Here are the latest returns for the different investment options we offer.
Investment returns* to 30 April 2013 (% pa)
| Option |
5
year |
3 year |
1 year |
YTD |
| Moderate Growth |
4.89 |
6.48 |
9.56 |
9.82 |
| Balanced Growth |
3.86 |
7.03 |
13.38 |
15.01 |
| Moderate |
3.20 |
5.09 |
11.78 |
16.57 |
| Higher Growth |
2.99 |
7.10 |
17.19 |
20.96 |
| Cash |
4.03 |
3.91 |
3.15 |
2.53 |
| Fixed Interest |
7.31 |
7.47 |
7.18 |
5.43 |
| Australian Shares |
3.51 |
6.57 |
21.15 |
28.80 |
| International Shares |
-0.49 |
4.78 |
15.49 |
18.53 |
Past performance is not a reliable indicator of future performance.
*Notes about
these returns.
Want to learn more about investing and your investment options?
If you don’t know where to start,
our Explore super section will help you learn
more about investing. You can find out who’s in
charge of investing your super, what investment options
you can choose from and just some general basic investing
concepts.
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