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QSuper members invested in the Accumulation account balanced option may be better off over the last 10 years, thanks to some clever investment strategies.
With over a century of experience in managing superannuation, QSuper has returned an average of 9.9% for those members over the last 12 months, and 9.5% per year since 2009. Our unique investment approach commenced in 2012, in response to the GFC.
But what does this really mean?
Our smart investment strategies have shifted funds away from reliance on the stock market.
To put this into perspective, some scenarios:
A 50-year-old nurse on average salary who achieved award rises over the past decade is $22,269 better off than if they had been invested in the median Chant West growth option.
A 50-year-old police sergeant on average salary who achieved award rises over the past decade is $25,552 better off than if they had been invested in the median Chant West growth option.
A 50-year-old teacher on average salary who achieved award rises over the past decade is $22,280 better off than if they had been invested in the median Chant West growth option.
This is all money added to a members’ superannuation balance which is preserved for retirement.
Assuming annual pay rises of 3%, standard state public service superannuation contributions, and no insurance premium has been paid from their super, this modelling would mean that:
It’s your opportunity to hear first-hand from senior members of the QSuper investments team.
These are case studies provided for illustrative purposes only. Past performance is not a reliable indicator of future performance.
This is based on data sourced using the 10-year annual performance numbers (financial year) for the last 10 years published by Chant West for each fund. Assumed starting balance of $100,000 invested in the accumulation balance option. Using a salary of $70,871 for teacher, $70,702 for nurse, $88,077 for Police Sargent, then using a 3% salary indexation to decrease the salaries to 10 years ago. Contribution rates of 17.75% for teacher and nurse and 24% for Police Sergeant. Contributions received annually at the end of the year and increased in line with the award rises. Assumes no withdrawals, no switching and no insurance premiums. The QSuper returns are being compared to the medium result each year for 10 years as published by Chant West. The Chant West data is based on information provided by third parties that is believed to be accurate at 30 June 2019. Based on the returns of investment options larger than $500 million in Chant West’s Growth universe over the period to 30 June 2019 with returns reflected after investment fees and tax but before administration. Chant West does not issue, sell guarantee, or underwrite this product. For further information about the methodology used by Chant West, see chantwest.com.au. Members should seek advice from a qualified licensed professional, regarding their own circumstances.
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