Credited Interest Rates
Comparison with actual returns and inflation
The following table shows how the Credited Interest Rates compared with actual returns and inflation (as measured by the Consumer Price Index) over recent years.
| Credited Interest Rate for the Growth Option and Division 9 |
||||
|---|---|---|---|---|
| Year to 30 June | Credited Interest Rate (%) pa. for the Growth Option | Credited Interest Rate (%) pa. For Division 9 for Growth Option.3 | Actual Return | Consumer Price Index (CPI) % |
| 2008 | -6.0 |
-6.4 |
-5.9 |
n/a* |
| 2007 | 15.9 |
18.2 |
15.8 |
2.1 |
| 2006 | 14.7 |
16.8 |
15.3 |
4.0 |
| 2005 | 14.5 |
15.9 |
14.4 |
2.5
|
| 2004 1 | 14.7 |
16.5 |
13.9 |
2.5 |
| 2003 2 | (1.9) |
0.02 |
(0.9) |
2.7 |
| 2002 | (1.0) |
n/a |
(5.3) |
2.8 |
| 2001 | 7.0 |
n/a |
5.1 |
6.0 |
| 2000 | 11.0 |
n/a |
11.7 |
3.2 |
| 1999 | 9.0 |
n/a |
7.5
|
1.1 |
| 1998 | 13.5 |
n/a |
13.6 |
0.7 |
| 1997 | 18.0 |
n/a |
20.1 |
0.3 |
| 1996 | 10.0 |
n/a |
10.9 |
3.1 |
* not yet available
-
Notes:
- The Credited Interest Rate for 2004 is higher than the actual net return for the year as it includes an additional 0.9% arising from returns not distributed in the prior year
- Division 9 was established on 1 September 2002 . The 2003 Credited Interest Rate for Division 9 is for the period from 1 September 2002 to 30 June 2003 only
- As Division 9 provides a flexible income stream, Credited Interest Rates for Division 9 are not subject to superannuation investment tax. The Credited Interest Rate for other Divisions and the actual return are after tax and hence generally lower. The Credited Interest Rates shown for Division 9 are for the Growth Option only.
