Welcome to Meat Industry Employees’ Superannuation Fund. MIESF is one of Australia’s best value industry superannuation funds with over 16,000 members and $996 million in net assets as at 30 June 2023.

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 2022/23

MIESF is pleased to advise that the 8.0% net return for the financial year ending 30 June 2023 for our MySuper product was achieved from a contribution by every asset class. This ranged from 3.5% Cash, 5.9% Fixed Interest, 2.5% Property, 11% Infrastructure and up to 19.5% from shares.

Over the long term, i.e. 10 years, MIESF’s MySuper product’s 7.8% p.a. is ranked aboved the median of 7.5% p.a. for all MySuper single option products.

The High Growth option net return of 14.0% was a very strong return and builds on its 10-year net returns of 9.0% p.a.

The crediting rates for the year ended 30 June 2023 and for longer periods are shown below.

Crediting Rates

Main & Spouse Section – MIESF MySuper
1 year to 30 June 20238.0%
3 years to 30 June 20237.8% p.a.
5 years to 30 June 20237.0% p.a.
10 years to 30 June 20237.8% p.a.

 

Main Section – High Growth Option
1 year to 30 June 202314.0%
3 years to 30 June 20239.4% p.a.
5 years to 30 June 20237.3% p.a.
10 years to 30 June 20239.0% p.a.

 

Pension Section* – Trustee Option
1 year to 30 June 20238.8%
3 years to 30 June 20238.6% p.a.
5 years to 30 June 20237.8% p.a.
10 years to 30 June 20238.7% 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 2023 when the audited financial statements are expected to be signed.