Super Plan

NZ Post Superannuation Plan

See the latest returns

The return on your savings will depend on your tax rate (PIR). Read more about tax rates.

These returns are after tax and expenses. It’s worth remembering that when making comparisons with other investment returns. Bank deposit rates and returns from many KiwiSaver funds are quoted before tax.

Interest rates after tax and expenses 2023/24

Period
Short Term Fund %
Medium Term Fund %
Long Term Fund %
PIR
10.5%
17.5%
28%
10.5%
17.5%
28%
10.5%
17.5%
28%
30 April 2023
0.23
0.22
0.19
1.14
1.13
1.12
1.20
1.19
1.18
31 May 2023
0.35
0.33
0.29
-0.07
-0.04
0.00
-0.07
-0.04
-0.01
30 June 2023
0.34
0.32
0.28
1.28
1.27
1.25
1.55
1.54
1.54
31 July 2023
0.41
0.38
0.33
1.13
1.04
1.04
1.32
1.28
1.22
31 August 2023
0.44
0.41
0.35
-0.90
-0.87
-0.82
-1.07
-1.03
-0.93
30 September 2023
0.42
0.39
0.34
-2.25
-2.30
-2.38
-2.55
-2.60
-2.67
31 October 2023
0.33
0.30
0.26
-1.27
-1.23
-1.18
-1.56
-1.52
-1.45
30 November 2023
0.29
0.27
0.24
3.46
3.33
3.14
3.92
3.79
3.59
31 December 2023
0.40
0.37
0.33
2.63
2.50
2.30
2.98
2.83
2.61
31 January 2024
0.24
0.22
0.20
0.75
0.82
0.92
0.90
0.97
1.07
29 February 2024
0.41
0.38
0.33
1.20
1.19
1.17
1.57
1.57
1.55
Year to date
3.89
3.58
3.13
7.10
6.83
6.56
8.20
7.97
7.65

Annual interest rates after tax and expenses.

Annual returns after expenses and taxed at a PIR of 17.5%.

Latest Returns - Short
Latest Returns - Medium
Latest Returns - Long
Period
Short Term Fund %
Medium Term Fund %
Long Term Fund %
PIR
10.5%
17.5%
28%
10.5%
17.5%
28%
10.5%
17.5%
28%
2023
1.96
1.81
1.58
-0.48
-0.56
-0.65
-0.67
-0.73
-0.87
2022
0.72
0.67
0.59
1.67
1.54
1.33
2.66
2.46
2.16
2021
1.24
1.14
1.00
16.08
15.79
15.37
20.79
20.49
20.00
2020
2.30
2.12
1.49
-1.17
-1.25
-1.35
-2.62
-2.63
-2.58
2019
2.67
2.46
2.15
5.57
5.36
5.04
5.99
5.75
5.43
2018
2.62
2.41
2.11
5.84
5.59
5.23
7.52
7.26
6.87
2017
2.61
2.41
2.10
7.67
7.40
7.00
9.64
9.34
8.89
2016
3.55
3.27
2.85
3.58
3.44
3.13
3.76
3.51
3.15
2015
3.69
3.41
2.97
9.90
9.61
9.18
9.95
9.82
9.64
2014
3.52
3.25
2.81
8.76
8.45
7.99
2013
3.47
3.20
2.79
7.15
6.89
6.49
2012
3.81
3.51
3.06
0.06
-0.25
-0.71
2011
4.26
3.88
3.42
7.03
6.60
6.07
PIR
19.5%
30%
19.5%
30%
2010
3.86
3.35
15.13
14.67
2009
6.20
5.39
-4.08
-5.02
PIR
19.5%
33%
19.5%
33%
2008
5.81
5.28
-3.62
-3.99

Tax rates changed on 1 April 2008 and again on 1 April 2010.

We introduced the Long Term Fund at the beginning of the 2015 Plan year. At the same time, we renamed the existing Cash fund (now the Short Term Fund) and Balanced fund (now the Medium Term Fund). 

Interest is applied to your account balances on a daily basis throughout the year. The actual interest rates applied to your account balances may vary from those shown above.

The annual rate, which is declared as at 31 March each year, is determined by us taking into account (amongst other things) the investment earnings and expenses of the relevant investment option(s) you have chosen and the expenses incurred by the Plan generally.

If you leave the Plan, we will calculate your benefit using an interim interest rate to cover the period between the end of the previous Plan year and the date your benefit is payable. Interim interest rates are an estimate of the investment return for the appropriate investment option less estimated tax and expenses.