National Provident Fund

To talk to someone about your scheme, phone 0800 628 776

(Provident Personal Superannuation Plan)

This scheme is a cash accumulation scheme. The benefits payable by your scheme are guaranteed by the Government.

The earnings rate, declared by the Board, was 4.00% for the year ended 31 March 2020. Your scheme’s average annual earnings rate, over the last 10 years, continues to exceed the average annual rate of inflation. The investment return (after tax and expenses) earned by the scheme for the year ended 31 March 2019 was -4.22%.

Other Changes During the Year

Your Scheme allows you to take your Total Credit in cash instalments of an amount and frequency determined by the Board.  Effective 1 April 2020, the Board increased the number of cash instalments a member may receive in any one financial year (1 April to 31 March) from two to four.  The minimum amount of each instalment remains unchanged at $1,000 and the minimum account balance for the Scheme remains at $5,000.

How your money is invested

The scheme's asset allocation strategy is set by the Board and reviewed regularly.  The asset allocation for the scheme was reviewed during the year.  The pie charts show the Scheme's asset allocation strategy from 1 October 2018 and the new strategy effective from 1 August 2019.