Crediting rate

The Crediting Rate is a mechanism previously used to allocate net earnings which represents the rate of interest, if any, applied to members' accounts on 1 July each year and which, as of 13 August 2004, will no longer be used until the transition to a fuller range of member investment options is made.

History

The crediting rates for each financial year since 1990-1991 until 2002-2003 are shown.

Please remember that past performance is no indication of future performance.

Financial Year Rate Financial Year Rate
2002-2003 0.0% 1988-1989 8.8%
2001-2002 0.0% 1987-1988 12.0%
2000-2001 5.0% 1986-1987 22.7%
1999-2000 15.1% 1985-1986 16.7%
1998-1999 9.8% 1984-1985 15.0%
1997-1998 10.8% 1983-1984 13.5%
1996-1997 14.5% 1982-1983 10.8%
1995-1996 7.3% 1981-1982 11.7%
1994-1995 7.1% 1980-1981 12.1%
1993-1994 6.6% 1979-1980 9.6%
1992-1993 8.2% 1978-1979 9.3%
1991-1992 7.9% 1977-1978 8.4%
1990-1991 2.8% 1976-1977 8.1%
1989-1990 9.8%