Investment performance of MIESF MySuper
This table shows the annual effective rate of net earnings credited to members’ accounts over the past ten years.
The crediting rates are net of taxes, investment costs and the percentage based administration fee that is deducted from investment returns.
Year ended 30 June | Rate allocated to Main^ and Spouse section accounts % | Rate allocated to Pension* section accounts % |
| 2024 | 6.0 | 6.6 |
| 2023 | 8.0 | 8.8 |
| 2022 | 0.7 | 0.8 |
| 2021 | 15.2 | 16.8 |
| 2020 | 3.5 | 4.0 |
| 2019 | 8.3 | 9.5 |
| 2018 | 10.4 | 11.5 |
| 2017 | 9.4 | 10.3 |
| 2016 | 5.8 | 6.3 |
| 2015 | 6.3 | 7.2 |
| 5-year compound average p.a. | 6.6 | 7.3 |
| 10-year compound average p.a. | 7.3 | 8.1 |
^ Excluding accounts with the High Growth option.
* From 1 July 2017, the rates allocated to Transition to Retirement Pension accounts are the same as those for the Main Section accounts.
During the year ended 30 June 2024 the earnings allocated to Main and Spouse section accounts invested in MIESF MySuper were:
Period | Earnings for the Period % |
| 01/07/2023 – 31/12/2023 | 5.2 |
| 01/01/2024 – 30/06/2024 | 6.7 |
The compound effect of applying these earnings is 6.0% for the year.
The earnings allocated to Pension* Section accounts were:
Period | Earnings for the Period % |
| 01/07/2023 – 31/12/2023 | 5.7 |
| 01/01/2024 – 30/06/2024 | 7.3 |
*From 1 July 2017, the rates allocated to Transition to Retirement Pension accounts are the same as those for the Main Section accounts.
The compound effect is 6.6% for the year.
Investment strategies vary significantly between funds and investment options. MIESF MySuper has a history of providing good returns from a conservative investment strategy with lower exposure to shares, than most other superannuation funds. However, you should be aware that past performance is not a guide to future performance.
The average increase in inflation, as measured by the CPI, for the 10 years ended 30 June 2024 was 2.75% per annum.
Investment performance of the High Growth Option
The High Growth Option’s annual effective rate of net earnings credited to members’ accounts in the ten years since 30 June 2015 are set out below.
The crediting rates are net of taxes, investment costs and the percentage based administration fee that is deducted from investment returns.
Please note that past performance is not a reliable indicator of future performance.
Year ended 30 June | Rate Allocated (%) |
| 2024 | 12.9 |
| 2023 | 14.0 |
| 2022 | -8.0 |
| 2021 | 24.7 |
| 2020 | -0.4 |
| 2019 | 9.2 |
| 2018 | 11.5 |
| 2017 | 10.8 |
| 2016 | 3.0 |
| 2015 | 12.9 |
| 5-year compound average p.a. | 8.0 |
| 10-year compound average p.a. | 8.7 |
During the year ended 30 June 2024 the earnings allocated to accounts in the High Growth Option were:
Period | Earnings for the Period % |
| 01/07/2023 – 31/12/2023 | 10.2 |
| 01/01/2024 – 30/06/2024 | 14.8 |
The compound effect of applying these earnings is 12.9% for the year.
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.