How are investment earnings allocated to my account?
Investment earnings are calculated on members' account balances on a daily basis after deductions for insurance premiums (if applicable), tax and administration fees.
Investment earnings are allocated to members' accounts as at 30 June each year or upon exit from the Fund.
The actual amount allocated to members' accounts at the end of the financial year, is determined by the Trustee having regard to the actual investment return of the Fund's assets after tax and expenses. The Trustee may use the Fund's reserve account to smooth earnings in the Balanced Option (Fund's default investment option) at its discretion.
What happens if I leave AustSafe Super?
If you leave the Fund during the financial year earnings will be applied to your account for the period your were a member of the Fund. Earnings are applied using an 'interim earning rate' for each completed week and a 'cash rate' for the period from the last interim rate to the day of exit. Interim earning rates are based as closely possible on the actual returns achieved by each investment option each week. The 'cash rate' is based on the interest earned on the Fund's operational bank account, adjusted for tax and other costs. Interim earning rates, cash rates and investment performance updates are regularly posted on the website.
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