PSSap – additional payment included in some death benefits

A PSSap death benefit now includes an additional payment known as an anti-detriment payment.

Simply put, an anti-detriment payment is a refund of the tax paid on contributions over time. 

Death benefits are generally paid to your eligible beneficiaries. Not all nominated beneficiaries may be eligible to receive the anti-detriment payment. An anti-detriment payment, which varies depending on your account balance, can only be included in the death benefit if it is paid to your spouse, former spouse or children under the age of 18. 

While all super funds must pay out the super account balance to a member’s dependants (in the event of death), paying the anti-detriment component is optional; not all super funds offer this benefit to their members. The PSSap is pleased to offer this benefit to contributing members for their families’ benefit.

25 October 2007