Information about the Accumulation Net Benefit results

  • The comparison has been conducted using Balanced option where 60% to 76% of the fund’s assets are invested in growth investments.
  • The model uses return and fee data that is submitted by funds to SuperRatings, made publicly available by funds or contained within formal fund disclosures as at 31 December each year.
  • Using the starting account balance and salary, the contributions, earnings and fees are calculated using 31 December data each year to derive the closing account balance at the end of each year.
  • The closing account balance for the previous year is then used to calculate earnings and fees on the account in the following years with the process being repeated for each year of the comparison.
  • The net benefit for each product refers to the cumulative earnings less fees for the relevant comparison period.
  • The net benefit is calculated for each product which has sufficient return and performance history information available over the entire comparison period. Where this information is not available, those products are excluded from the calculation.
  • The model assumes no additional contributions or withdrawals over the relevant comparison period.
  • Modelling was performed on 15 March 2022 using data as at 31 December 2021

Other assumptions

When are investment returns credited to members’ accounts?

When are contributions assumed to be made?
Quarterly in arrears (i.e. the first contribution is made 3 months after joining the fund)

When are fees assumed to be deducted?


Starting account balance: $50,000

Starting salary: $50,000

Inflation: 2.5% per annum

Tax rebate: A tax rebate of 15% is assumed on fees deducted from members’ accumulation accounts

Fees: All fee information is taken from the sample funds’ product disclosure statements or other formal disclosures at the end of each year in the calculation. Contribution fees, entry fees, exit fees, additional adviser fees or any other fees charged are excluded from this model.

Insurance: No deductions are made for insurance premiums.

Salary increase: 3.5% per annum.

Investment Returns: Performance (Net Benefit) modelling is based on actual reported returns over the stated period.

Superannuation Guarantee Contribution: The Superannuation Guarantee rate used for each year's calculation is in accordance with the Superannuation Guarantee (Administration) Act. The modelling assumes no salary sacrifice or voluntary contributions.

Contribution tax: 15%