Maximising your super

When it comes to super, you need to be proactive and prepared. We can help you to maximise your super through strategic contributions and smart retirement planning.

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  • ADF Super
  • CSS
  • DFRDB
  • MilitarySuper
  • PSS
  • PSSap
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Building for retirement

As a PSS member, it's important to understand the benefits of this scheme, and how you can make the most of your super. What you do with your PSS membership options could mean the difference between living a modest or comfortable retirement lifestyle.

The Indexed Lifetime Pension you may receive can vary significantly depending on your personal contributions. The table below shows the way different rates of personal contributions can impact the Pension as a percentage of Final Average Salary.

 

Retire at Age 55

Retire at Age 60

Retire at Age 65

Note: The above is a simplified example based on full-time employment with the APS. It only shows how the Pension is impacted by personal contributions. It is based on a number of assumptions and does not consider other factors which would also affect the Pension, including, for example:

  • Involuntary retirement
  • Breaks in contributory service
  • Pre-1996 transfer amounts
  • Family law splitting
  • Leap years

10 yrs contributory service

0% Contribution Rate

9%

10%

11%

5% Contribution Rate

18%

19%

21%

10% Contribution Rate

22%

24%

26%

20 yrs contributory service

0% Contribution Rate

18%

20%

22%

5% Contribution Rate

35%

38%

42%

10% Contribution Rate

48%

52%

57%

30 yrs contributory service

0% Contribution Rate

28%

30%

33%

5% Contribution Rate

53%

57%

63%

10% Contribution Rate

73%

80%

88%

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What else can you do to grow your super for retirement?

So, you have your PSS under control. But there are other ways you can save for retirement—this is where a PSSap Ancillary account can help.

Find out more

What else can you do to grow your super for retirement?

So, you have your PSS under control. But there are other ways you can save for retirement—this is where a PSSap Ancillary account can help.

Find out more

Information about the First Home Super Saver Scheme

The First Home Super Saver Scheme (FHSSS) allows individuals to make ‘eligible contributions’ to their super fund from 1 July 2017, which can then be withdrawn (including earnings) at a later stage for the purpose of purchasing their first home. 

Generally, any voluntary contributions above minimum mandated amounts—such as salary sacrifice and additional personal contributions—will be classed as eligible contributions. In order to access the funds, the ATO will need to issue a Release Authority, which will specify the maximum amount that can be accessed. However, the scheme rules will determine how much can be released, which may be an amount less than specified in the Release Authority. You should not enter into any contracts until CSC has confirmed with you the amount able to be released under scheme rules.  

For information about FHSSS and eligible contributions, visit the ATO website.

You can also use the FHSSS calculator to see if the First Home Super Saver Scheme might be right for you.
 
FHSSS Calculator

 

Important note for MilitarySuper members

While some contributions paid into MilitarySuper may be classed as eligible contributions under the FHSSS, the MilitarySuper Trust Deed does not currently allow the release of these contributions. Please contact us if you are contemplating making contributions. Importantly, please note, even if the ATO issues you with a Release Authority, CSC will be unable to comply with this request until a legislative change occurs.

The First Home Super Saver Scheme (FHSSS) allows individuals to make ‘eligible contributions’ to their super fund from 1 July 2017, which can then be withdrawn (including earnings) at a later stage for the purpose of purchasing their first home. 

Generally, any voluntary contributions above minimum mandated amounts—such as salary sacrifice and additional personal contributions—will be classed as eligible contributions. In order to access the funds, the ATO will need to issue a Release Authority, which will specify the maximum amount that can be accessed. However, the scheme rules will determine how much can be released, which may be an amount less than specified in the Release Authority. You should not enter into any contracts until CSC has confirmed with you the amount able to be released under scheme rules.  

For information about FHSSS and eligible contributions, visit the ATO website.

You can also use the FHSSS calculator to see if the First Home Super Saver Scheme might be right for you.
 
FHSSS Calculator

 

Important note for MilitarySuper members

While some contributions paid into MilitarySuper may be classed as eligible contributions under the FHSSS, the MilitarySuper Trust Deed does not currently allow the release of these contributions. Please contact us if you are contemplating making contributions. Importantly, please note, even if the ATO issues you with a Release Authority, CSC will be unable to comply with this request until a legislative change occurs.

Consolidate super

If you have super in other funds, you can combine them, meaning less paperwork and reduced fees which can make a difference to your total super balance when you are ready to retire.

Find out more

Find your lost super

More than $11 billion currently sits with the Australian Taxation Office (ATO) in unclaimed super. If you have more than one super fund, there’s an excellent chance that some of this could be yours.

Find out more

Financial planning

At CSC, we believe great financial planning is a mix of real listening, decades of experience and making it simple to get the advice you need, how you need it.

Find out more

Changes in circumstances

We have lots of practical information relating to major events like redundancy, resignation, invalidity retirement and death

Find out more
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Raiz Partnership

It's now easier than ever to make additional contributions to your PSSap account. If you use the Raiz app (formerly Acorns - spare-change investment app that helps you save and invest money), you can move your earnings directly from Raiz to PSSap. To set it up, select PSSap/ADF Super in the Super Fund menu under Settings, then provide your PSSap/ADFSuper member number.