Latest performance
HIP's long term performance
In the long term, one of the most significant factors affecting your retirement benefit will be the investment returns you receive from your fund, after costs, fees and taxes are deducted. You should check what sort of returns the fund has achieved and whether you have a choice of investment options.
You should also examine the investment objectives of the fund or investment option you will be investing in, both to assess the level of risk involved, and to establish whether they have been meeting their goals. However, remember that past returns cannot be taken as necessarily indicative of future results. You should also check whether fees and charges are deducted before or after returns are applied to your account.
How HIP has performed?
The focus of superannuation is on the long term returns as it is a long term investment, including the time during a persons retirement years, especially if they have gone from having an accumulation superannuation account to the HIP Super Pension which continues to earn investment returns and can grow over time as a member draws down a regular income from their investment.
For the Financial Year to Date 2009/10 our Growth Option is at 10.5%
HIP's performance over the long term (5 years and longer) is the focus of the Fund as super is a long term investment, not a short term investment strategy. The Fund results reflect this long term strategy and the results are impressive and consistent.
| To 31 May 2010 | HIP Growth Option (Default Fund) |
Average Super Fund (Default Fund)* |
| 1 Year | 11.1 | 11.8 |
| 3 Years | (3.9) | (3.4) |
| 5 Years | 4.3 | 4.4 |
* Source: SuperRatings Default All Funds Survey
Predicting future returns
Previous returns on investment pools or investment classes are not necessarily a reliable indicator of future performance. This is because over time your investments may be affected by changing economic conditions, currency fluctuations, or other variables. For example, there are irregular cycles of 'bull' (growing) and 'bear' (contracting) share markets.
The above investment return data are taken from earning rates and may vary from monthly interim and final annual audited crediting rates. Interest is credited to your account at the end of each financial year and is shown on your benefit statement. When setting the crediting rates, the Trustee Directors consider the total investment return for each option, less taxes and investment management fees. Past returns do not guarantee future performance and you may wish to seek advice from an independent qualified financial adviser when deciding the investment option, or combination that best suits your own personal circumstances.
This website is provided by Private Hospitals Superannuation Pty Ltd ABN 59 006 792 749, AFSL 247063, RSE L0001533, Trustee of Health Industry Plan (SPIN HIP0100AU, RSE R1056617), and is general information only. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. Please note that investments can go up and down. Past performance is not a reliable indicator of future performance. You should assess your own financial situation and needs, read the relevant Product Disclosure Statement and consult an adviser if required before making a decision about products on this website.