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How Super Works

Superannuation is simply a tax-effective investment structure to help you save for a secure retirement. At CSC, we work to invest your funds in a way that works for you and helps secure the future you want for you and your family.

What’s Super?

Superannuation, or Super, is an ongoing way to save for a secure retirement, and the lifestyle you want for you and your family. It’s important that your Super keeps growing. That’s why employers are required by law to contribute to your Super.

Adding to your Super

Our members take their future seriously. We do too. Beyond your employer benefit, DFRDB members have options to put more money into their super by making voluntary superannuation contributions to a MilitarySuper Ancillary account (not your DFRDB Scheme).

You can find more information on MilitarySuper Ancillary here.

Using your Super

As a DFRDB member, you are entitled to retirement pay (an indexed pension for life) after 20 years of service, provided you have not taken a lump sum payment from prior service periods.

If you intend to leave the ADF in the next 12 months, you should ask us now for a written estimate of your DFRDB benefit.

See the Withdrawing your benefit page for more information.

What about risk?

DFRDB is a defined benefit superannuation scheme, meaning your Super benefit is defined by a set formula. This formula is based on:

  • Your annual rate of pay
  • Completed years of effective service

 

More information can be found on the Retirement page.

Super and Tax

DFRDB pensions are considered to be taxable income by the Australian Taxation Office (ATO) and therefore we are obliged to deduct tax from your pension according to the relevant PAYG taxation schedules.

More information can be found in our factsheets.

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