Unit prices
Our unit prices are normally determined daily (on business days only). Unit prices for a particular day are usually available on our website within 2 business days.
Our performance summaries show the net return after investment fees, tax and asset-based fee.
Super is a long-term investment — we encourage you to seek financial advice before making any changes to your investment strategy, especially any short-term changes. All investments carry some risk, and investment returns are not guaranteed.
Past performance is not a reliable indicator of future performance.
From 1 July 2017, investment performance and unit pricing for NGS Transition to Retirement (TTR) accounts is the same as NGS Accumulation account investment performance and unit pricing. This is due to changed tax rules from 1 July 2017 which mean that TTR accounts are taxed at 15% per annum from that date. For TTR account investment performance and unit pricing prior to 1 July 2017, please refer to Income account information.
How do unit prices work?
Money that's contributed or transferred into your NGS Super account is converted into units. The unit price for each investment option moves up or down, depending on the performance of its underlying investments.
Example
Alfie holds 7,000 units in the Balanced investment option, which, for illustrative purposes, is valued at $2 per unit. So, the total value of Alfie's Balanced units is currently:
7,000 x $2 = $14,000.
As the unit price changes, the value of Alfie’s 7,000 units will change too.
When are unit prices set?
Our unit prices are normally determined daily (on business days only). Unit prices for a particular day are usually available on our website within 2 business days.
In certain circumstances — for instance, if investment markets become volatile — we may suspend unit pricing. This means that we may stop account transactions until a fair unit price can be determined. Once unit pricing resumes, transactions received during the suspension period will be processed, and the unit price on the day the suspension is lifted will apply.
Transactions
The unit prices applied to your transactions depend on the type of transaction and the time that we receive your request:
- Withdrawals — the unit price effective for the business day on which the payment is processed will apply. Withdrawal requests are generally processed within 3 business days of receiving a correct instruction.
- Investment switches — if your request is received by 4pm (AEST/AEDT) on a NSW business day, the unit price effective for that business day will apply. This will generally be reflected in your account 3 business days following your request. Any requests received after 4pm (AEST/AEDT) on a NSW business day or on a weekend will receive the unit price effective for the following business day.
- Contributions — if funds are received in the NGS Super bank account by 4pm (AEST/AEDT) on a NSW business day, the unit price effective for that business day will apply. If received after 4pm (AEST/AEDT) on a NSW business day or on a weekend, the unit price effective for the following business day will apply. If funds are received by cheque, the unit price effective on the day the cheque is received by NGS Super will apply.
- Income payments — the unit price effective for the business day on which the payment is processed will apply.
