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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
2002-2003 0.0%
2001-2002 0.0%
2000-2001 6.9%
1999-2000 15.5%
1998-1999 9.3%
1997-1998 10.4%
1996-1997 14.0%
1995-1996 7.2%
1994-1995 7.2%
1993-1994 6.2%
1992-1993 8.3%
1991-1992 7.9%
1990-1991 2.8%