How unit prices work

Unit prices work in a similar way to share prices. 

See how much your super is worth on any day by looking up the unit price for your chosen investment option and multiplying the number of units you hold by the unit price.*

Number of units held  x  Daily unit price  = Your super's value

* Unitisation applies to accumulation style arrangements and TelstraSuper RetireAccess®. It does not apply to Defined Benefit arrangements. Your super's value is calculated after deducting where applicable, any insurance costs, contribution taxes and administration fee.

The value of your units can go up or down from day to day as it reflects returns on the investments in your chosen investment option. A new unit price will be set daily as the value of the underlying assets in the investment option(s) changes.

  • Contributions made by your employer and yourself buy units in the investment options you have chosen.
  • Any money withdrawn from your account reduces the number of units held.
  • Units make understanding your super easier because you can track the value of your super using the number of units you have and the daily unit prices.

How unit prices are set

Unit prices reflect earnings on the investments of your chosen investment option. A new buy and sell price is set each Melbourne Business Day^ for each investment option, reflecting the changing value of the underlying assets in the investment option(s) and transactional and operational costs.

We use 'forward pricing' when we calculate the daily movement in the value of the Fund's assets. For example:

Monday^ Tuesday^
Jack submits an investment switch before 5.30pm on the Monday.

Unit prices are declared on the following business day i.e. Tuesday, but the timing of declaration may vary throughout the afternoon or evening of that business day.

The unit prices are determined based on the valuation of the Funds' assets at the close of business on Monday.

Investment switches made by Jack on Monday are processed using unit prices declared on Tuesday.

^A Melbourne business day is from Monday through Friday (inclusive) and excludes any day that falls on a national holiday or a Victorian public holiday, as published on the Victorian Government’s website. A public holiday that is a non-metropolitan Victorian public holiday only is regarded as a Melbourne Business Day. 

Unit prices are net of indirect investment fees, indirect administration fee and investment tax. TelstraSuper RetireAccess unit prices exclude investment tax, as investment earnings are not taxed in this arrangement. This is different to investment returns appearing in the MySuper Product Dashboard, which are displayed net of administration fees, indirect administration fees, indirect investment fee and investment tax.

Our unit price page details the most recent unit price for all investment options.

Investment performance

Another way to track your super's progress is through investment returns. TelstraSuper's investment returns are updated monthly and show you the return for your chosen investment option(s) over a 12 month, 3 year, 5 year, 7 year and 10 year period. Investment returns are applied to your accumulation account daily via the daily unit prices.

Our monthly market updates also provide a handy overview of how investment markets worldwide have performed each month.

Check out your super balance

Your personalised dashboard in SuperOnline can show you your latest estimated super balance as well as the units you hold per your investment option/s.