QIEC Super - first in our class

Monthly Crediting rates

From 1 December 2009, the Trustee declares a monthly crediting rate for each investment option. These rates are determined by the Trustee with regard to the actual investment return on the Fund's assets after estimated tax and expenses.

The declared monthly crediting rates are applied to members' accounts following the end of each financial year, or on earlier exit, based upon the transactions in each month. Interest is calculated from the date of each transaction for the remaining days in the month. Interest then compounds at the end of each month. Where there is a switch of investment options, the relevant declared rates will be applied for each option.

Quarterly Crediting rates

For 2008/09, the Trustee declares a crediting rate for each calendar quarter ended 30 September, 31 December, 31 March and 30 June. These rates were determined by the Trustee with regard to the actual investment return on the Fund's assets, after tax and expenses.

The declared quarterly crediting rates are applied to members' accounts following the end of the financial year, based upon the transactions in each quarter. Interest is calculated from the date of each transaction for the number of days remaining in the quarter. Interest then compounds at the end of each quarter.

The interest rate can also be negative, in line with movements in investments, in which case the interest applied will be negative.