BPAY—click here to make extra contributions
Each time you get paid, your employer makes contributions to your super account on your behalf of 15.4% of your salary.
You can also make personal contributions and transfer super you may have with other funds, into your PSSap account.
These options are below. Before making any decisions, please read our product disclosure statement.
Your employer makes a contribution into your account each time you get paid. This contribution is at least 15.4% of your superannuation salary.
Your superannuation salary is the salary used as a basis for calculating employer contributions. This amount is not necessarily the same as your gross or net salary. It can vary depending on whether you are on a fortnightly contributions salary (FCS) or ordinary time earnings (OTE) salary. Ask your employer to explain which salary is used to calculate your super contribution.
You don't have to make any contributions to the PSSap. But remember, your retirement income may have to last for twenty years or more, so it's important to make sure you have enough super for when you retire.
You can make contributions either as personal contributions (after-tax) or, if your employer allows it, as salary sacrifice contributions (before-tax). Just let your employer know what you want to do.
There are conditions to contributing to your super after age 65, see the Contributions fact sheet for more information.
You need to ask your employer if they allow salary sacrifice payments. They will arrange for these payments to come directly out of your pay and into your super.
Personal after-tax contributions to your super may help you qualify for the government super co-contribution (if you're eligible).
You have several options if you want to make personal after-tax contributions to the PSSap:
You can make all of the above payments as regular or one-off contributions to your PSSap super account.
Your spouse can make additional payments into your PSSap account. Your spouse does not have to be a member of the PSSap to make contributions into your account.
If you have money invested in other super funds, you may consider transferring it into the PSSap. Combining your super into one fund can save you time and money managing multiple accounts.
If you want to transfer money from other funds into the PSSap, just send us a completed Transfer form and we will organise it for you. You can also download the PSSap Compliance Letter if you need to provide it to your other fund. You will receive written confirmation when your transfer is processed.
In some cases, the government will make a contribution for people on incomes up to $61,920 per annum.
To qualify for the super co-contribution, you must make a personal, after-tax contribution to your super account. The government will then contribute up to $1 for every $1 you contribute, up to a maximum of $1,000.
Salary sacrifice (before tax) contributions are not eligible.
The Australian Taxation Office (ATO) determines if you are eligible to receive the super co-contribution, based on your tax return.
If you are eligible, the ATO will send the amount straight to us.
