Crediting Rates
Cbus members generally have their accounts credited with earnings once a year, at 30 June. However, if you choose to change your investment option or withdraw money during the year, accumulated monthly crediting rates and an interim month-to-date rate are used to determine your account balance at the time of the transaction. These rates are applied for the period since 1 July or since you last switched options (whichever is the latter).
Crediting rates are calculated for each investment option. They are the option's return net of investment fees and tax.
The crediting rates vary throughout the year and may be negative.
The exception to this is the Capital Guaranteed option (formerly Super Saver). This option is capital guaranteed and cannot declare negative returns.
Any benefit payments and any investment switches will include the previous month's year-to-date rate since 1 July plus the month-to-date weekly interim crediting rate, as switches are processed on a weekly basis. Your Investment Choice application to switch your account balance must be received by the close of business on Tuesday to be implemented on the first business day of the following week.
Remember:
- You may wish to check the monthly crediting rates and year-to-date rates before switching investment options or making withdrawal/s;
- Crediting rates can be positive or negative.
Note: many of Cbus' property investments are only valued at the end of the financial year. The increase or decrease in property value resulting from this valuation is factored into the June monthly crediting rate and the annual crediting rate.
If you would like more information about investment returns or Cbus' investment choice options, please contact us on 1300 361 784.
|
MONTHLY CREDITING RATES 2008/2009 |
|||||
|
MONTH |
HIGH GROWTH |
CORE STRATEGY |
MODERATE GROWTH
|
CONSERVATIVE |
CAPITAL GUARANTEED |
|
July 2008 |
-2.135 |
-1.098 |
-0.824 |
-0.154 |
0.470 |
|
MONTHLY CREDITING RATES 2007/2008 |
|||||
|
MONTH |
HIGH GROWTH |
CORE STRATEGY |
MODERATE GROWTH
|
CONSERVATIVE |
CAPITAL GUARANTEED |
|
July 2007 |
-1.570 |
-0.967 |
0.077 |
0.074 |
0.441 |
|
August 2007 |
2.147 |
1.424 |
1.291 |
0.915 |
0.427 |
|
September 2007 |
1.592 |
1.695 |
1.528 |
0.999 |
0.411 |
|
October 2007 |
1.106 |
1.053 |
0.908 |
0.681 |
0.444 |
|
November 2007 |
-1.411 |
-1.009 |
-0.488 |
-0.055 |
0.428 |
|
December 2007 |
-0.931 |
0.130 |
0.228 |
0.362 |
0.441 |
|
January 2008 |
-7.996 |
-5.127 |
-4.072 |
-1.329 |
0.417 |
|
February 2008 |
-1.557 |
-0.704 |
-0.525 |
-0.077 |
0.389 |
|
March 2008 |
-1.451 |
-0.740 |
-0.603 |
-0.053 |
0.395 |
|
April 2008 |
4.035 |
2.419 |
1.769 |
2.134 |
0.434 |
|
May 2008 |
0.980 |
0.849 |
0.767 |
0.561 |
0.418 |
| June 2008 |
-5.981 |
-3.357 |
-3.481 |
-1.923 |
0.277 |
Final crediting rate for the year ended 30 June 2008
The table below shows the crediting rates for the five investment options for the period 1 July 2007 to 30 June 2008.
|
INVESTMENT OPTION |
CREDITING RATES |
|
HIGH GROWTH |
-11.074 |
|
CORE STRATEGY |
-4.500 |
|
MODERATE GROWTH |
-2.757 |
|
CONSERVATIVE |
2.250 |
|
CAPITAL GUARANTEED |
5.029 |
Investment returns can fluctuate. Past performance is not an indication of future performance.
