Our performance - defined benefit members

Interim credited rate

The interim credited rate from 1 July 2016 to 30 June 2017 is currently 7.0% pa1.

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 2016 to 30 June 2017.

Annual credit 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.

For year ended

Credited rate2

>30 June 2016

3.3%

>30 June 2015

9.1%

>30 June 2014

12.3%

>30 June 2013

15.8%

>30 June 2012

0.75%3

>30 June 2011

8.7%

>30 June 2010

11.8%

>30 June 2009

-11.7%

>30 June 2008

-9.4%

>30 June 2007

14.3%

1As at 31 October 2016.

2All rates until 1 July 2012 apply to former Defined Benefit members of the Westpac Staff Super Plan only.

3This 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 31 October 2016 (% pa)

Option

7 year

5 year

3 year

1 year

3 month

1 month

YTD

Moderate growth

6.17%

6.59%

5.22%

2.65%

2.28%

-0.69%

1.05%

Balanced growth

7.85%

9.08%

6.79%

2.67%

-0.82%

-0.80%

2.03%

Moderate

6.80%

8.65%

5.80%

2.08%

-2.30%

-1.77%

0.84%

Higher growth

8.68%

10.88%

7.39%

1.69%

-1.05%

-0.99%

2.76%

Cash

2.99%

2.58%

2.12%

2.06%

0.49%

0.15%

0.66%

Fixed interest

5.58%

4.80%

4.35%

3.53%

-0.81%

-0.98%

-0.14%

Australian shares

6.56%

8.72%

4.02%

4.16%

-3.54%

-2.43%

1.43%

International shares

9.50%

13.74%

9.79%

-3.99%

-0.93%

-1.23%

1.78%

Past performance is not a reliable indicator of future performance.

*Notes about these returns:

  • These returns apply to the SuperSave accounts for Westpac Group Plan - Defined Benefit members
  • Returns are net of investment management fees and income tax

 

Questions? You can contact the Westpac Group Plan - Defined Benefit on 1800 227 262 from 8.30am to 5.30pm Mon - Fri AEST