Making sense of your CSC Annual Statement

How to read your Annual Statement

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Your CSC Annual Statement is a key way to check in on your super and review how it’s tracking. It’s important to take a moment to read your Annual Statement, as at a glance you’ll see your account balance, any contributions you may have made, and an estimate of your benefits.
To access your Annual Statement, simply log in to your CSC Navigator account if, or it’ll arrive in the mail between August and November if you haven’t opted in to go digital.
For more information on when and your statements will be delivered, visit Annual Statements.

FAQ

How do negative investment returns impact my equity?

As a MilitarySuper member, your Member and Ancillary Benefits are subject to investment performance and will reduce in value if investment returns are negative.

If you're a contributing member, negative investment returns won't impact your Employer Benefit, however the productivity amount will be reduced.

If you have a preserved membership, your productivity amount will reduce.

What does it mean by ‘Fees deducted directly from your account’?

You’ll see a section labelled ‘Fees deducted directly from your account’ in your Annual Statement.

These are the fees and costs that were deducted directly from your account during the period covered by the Annual Statement and are reflected in the transactions listed on your statement. As you don’t pay any administration fees, switching fees, or any other kind of fee directly from your account, you’ll notice that:

  • the amount disclosed here is zero; and
  • there are no such fees itemised in the transaction summary section of your Annual Statement.

What does it mean by ‘Fees and costs deducted from your investment’?

You’ll see a section labelled ‘Fees and costs deducted from your investment’ in your Annual Statement.

This approximate amount has been deducted from your investment and covers amounts that have reduced the return on your investment and that are not reflected as transactions listed on this statement or in the additional fees table below.

What does it mean by ‘Total fees and costs you paid’?

You’ll see a section labelled ‘Total fees and costs’ in your Annual Statement.

This is the total of the amounts set out in the following sections of your Annual Statement:

  • ‘Fees and costs deducted directly from your account’;
  • ‘Fees and costs deducted from your investment’; and
  • ‘Additional fees’.

The ‘Total fees and costs you paid’ represents the approximate total amount of fees and costs that affected your account during the period covered by the Annual Statement.

What are Advice fees?

In addition to fees in this statement, you may also have paid fees out of pocket for services provided to you by CSC's authorised financial planners*. For more information, visit Financial Advice.

What is Accumulation Phase Value (APV)?

The Accumulation Phase Value (APV) is the total reported value of any superannuation benefits in the growth or accumulation phase, and it counts towards your Total Super Balance (TSB). Your APV is determined on 30 June each year.

FAQ

How do negative investment returns impact my equity?

If you’re currently contributing to PSS, negative investment returns won’t impact your overall defined benefit equity, however invested components of your equity will be reduced.

If you have a preserved PSS membership, negative investment returns will reduce the value of your invested components, reducing your overall equity.

What does it mean by ‘Fees deducted directly from your account’?

You’ll see a section labelled ‘Fees deducted directly from your account’ in your Annual Statement.

These are the fees and costs that were deducted directly from your account during the period covered by the Annual Statement and are reflected in the transactions listed on your statement. As you don’t pay any administration fees, switching fees, or any other kind of fee directly from your account, you’ll notice that:

  • the amount disclosed here is zero; and
  • there are no such fees itemised in the transaction summary section of your Annual Statement.

What does it mean by ‘Fees and costs deducted from your investment’?

You’ll see a section labelled ‘Fees and costs deducted from your investment’ in your Annual Statement.

This approximate amount has been deducted from your investment and covers amounts that have reduced the return on your investment and that are not reflected as transactions listed on this statement or in the additional fees table below.

What does it mean by ‘Total fees and costs you paid’?

You’ll see a section labelled ‘Total fees and costs’ in your Annual Statement.

This is the total of the amounts set out in the following sections of your Annual Statement:

  • ‘Fees and costs deducted directly from your account’;
  • ‘Fees and costs deducted from your investment’; and
  • ‘Additional fees’.

The ‘Total fees and costs you paid’ represents the approximate total amount of fees and costs that affected your account during the period covered by the Annual Statement.

What are Advice fees?

In addition to fees in this statement, you may also have paid fees out of pocket for services provided to you by CSC's authorised financial planners*. For more information, visit Financial Advice.

What is Accumulation Phase Value (APV)?

The Accumulation Phase Value (APV) is the total reported value of any superannuation benefits in the growth or accumulation phase, and it counts towards your Total Super Balance (TSB). Your APV is determined on 30 June each year.

What are ‘imbalanced contributions’?

If you’ve paid more than your required contribution amount during your contributory membership, you may have overpaid member contributions. This amount can’t form part of your PSS benefit and must be refunded to you.

Underpaid member contributions occur if you haven’t paid the amount of member contributions due. This doesn’t impact your Defined Benefit Accrual (because a top up amount has been applied) but the underpaid amount remains payable.

For more information, see the PSS and Imbalanced Member Contributions Factsheet.

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