Understanding the returns on your super
An earning rate is the net investment return that applies to your account, after fees and tax. It can be positive or negative. You may also hear this referred to as the performance of your investment.
LGsuper publishes a daily indication of performance of each of LGsuper’s investment options - a daily movement percentage and a year to date performance percentage. This reflects the performance of appropriate market benchmarks from 2 business days earlier. If you make withdrawals or switch investment options during the month we use this rate in our calculation of your current balance.
After the end of each month, the earning rates are adjusted to reflect the actual investment returns achieved for that month (net of any tax and fees).
After the end of each financial year, an annual earning rate is declared by the LGsuper Board of Directors for each investment option and is based on the investment return achieved on the underlying assets for that option for the year.
During periods of significant market volatility, or other conditions which prevent LGsuper from determining daily and/or weekly benchmark rates, processing of claims and/or switches may be suspended for up to 7 days or longer, as dictated by market conditions.
