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How unit pricing works

How unit pricing works

All contributions made into your super account buy units in the investment option(s) you have chosen (or the Growth option if you have not made a selection). Unit prices reflect the earnings on the investments of your chosen investment option(s). Put simply, unit prices are a way of managing the changes in your account and tracking the performance of your investment option(s).

Unit prices are calculated net of all investment fees, tax and the relevant administration fee for each investment option. The published percentage returns may differ from the investment earnings that will be shown on your Annual Benefit statement. This is due to the impact of the timing of when you invest in your chosen investment option(s). Contributions and fees are deposited or deducted from your account during the year. These transactions will be made using the unit price applicable at that date.

Unit prices are calculated at the close of business each day* once valuation of the Scheme’s assets is completed. The unit price for each investment option is calculated by determining the total variation in market value of that option’s investments that day and then adjusting this amount to reflect taxes, fees and charges payable. The variation in the unit price from day to day will reflect the actual net performance of the investment option for the period. Unit prices may rise or fall depending on fluctuations in the underlying value of the investments in each investment option.

* Unit prices are declared on a daily basis once all investment valuation information is available to determine the unit price. The Board reserves the right to suspend unit pricing should market circumstances prevent us from obtaining accurate valuations for the underlying assets.