Welcome to Meat Industry Employees’ Superannuation Fund. MIESF is one of Australia’s best value industry superannuation funds with over 17,000 members and $1,050 million in net assets as at 30 June 2024.
The Fund is open to members of the meat industry. You can remain a member of MIESF after you leave the meat industry and you can have your new employer make contributions to the Fund.
You can also make contributions to the Fund for you or your spouse and roll benefits over from another fund.
When you retire you can stay with the Fund as we offer a Pension section that you can easily transfer into.
MIESF investment return for 2023/24
MIESF is pleased to advise that the 6.0% net return for the financial year ending 30 June 2024 for our MySuper product was achieved from a contribution from 5 out of our 6 asset classes. This ranged from 4.9% Cash, 7.2% Fixed Interest, 5.7% Infrastructure, 11.3% Australian Shares and 14.2% International Shares. The only asset class that produced a negative return was Property, which was -1.6%.
Over the long term, i.e. 10 years, MIESF’s MySuper product’s 7.3% p.a. is ranked above the median of 7.1% p.a. for all MySuper single option products.
The High Growth option net return of 12.9% was a very strong return and builds on its 10-year net returns of 8.7% p.a.
The crediting rates for the year ended 30 June 2024 and for longer periods are shown below.
Crediting Rates
| Main & Spouse Section – MIESF MySuper | |
| 1 year to 30 June 2024 | 6.0% |
| 3 years to 30 June 2024 | 4.9% p.a. |
| 5 years to 30 June 2024 | 6.6% p.a. |
| 10 years to 30 June 2024 | 7.3% p.a. |
| Main Section – High Growth Option | |
| 1 year to 30 June 2024 | 12.9% |
| 3 years to 30 June 2024 | 5.8% p.a. |
| 5 years to 30 June 2024 | 8.0% p.a. |
| 10 years to 30 June 2024 | 8. p.a. |
| Pension Section* – Trustee Option | |
| 1 year to 30 June 2024 | 6.6% |
| 3 years to 30 June 2024 | 5.3% p.a. |
| 5 years to 30 June 2024 | 7.3% p.a. |
| 10 years to 30 June 2024 | 8.1% p.a. |
* Excluding Transition to Retirement Pensions where the crediting rates are the same as those for MIESF MySuper from 1 July 2017 onwards.
Please note that past performance is not a reliable indicator of future performance.
The returns have been approved by the Trustee, based on unaudited financial statements and may be subject to change until the end of September 2024 when the audited financial statements are expected to be signed.