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Ancillary Membership

An Ancillary Membership allows you to make additional contributions into an accumulation account to take advantage of flexible contribution and investment options.

An Ancillary membership is a great way for PSS and CSS members to grow their super in the PSSap, without impacting the calculation of their defined benefit.

Take advantage of expanded options in PSSap including:

  • The opportunity to make salary sacrifice contributions
  • Make additional personal contributions
  • Choice of 4 investment options
  • lifePLUS death, TPD and income protection insurance*
*Eligibility criteria apply

Key features of a PSSap Ancillary membership

Type of Scheme Profit For Members Meaning Net Investment Returns Are Returned To Members
Eligible contributions/rollovers Salary sacrifice

Personal (after-tax) contributions

Spouse contributions

Rollovers from other super

Accumulated transfer amounts
Investment choice
 
 
One or a mix of up to four investment options:

Cash

Income Focused

Balanced

Aggressive

You must choose an investment option when you join.
Insurance cover Members can apply for income protection, death and TPD insurance
Fees and costs
 
   
Administration fee: $5 per month ($60 per year)

Exit fee: $50 per withdrawal

Investment management fees: estimated at 0.14% - 1.56% per annum based on the fund’s total assets
Investment switches
 
First two investment option switches are free each financial year

$20 for each subsequent switch in that year
Keeping you informed
 
Online account management

Annual member statement

Customer Information Centre

What can I not do?

If you are a PSS or CSS member, you cannot receive Superannuation Guarantee (SG) contributions to your PSSap Ancillary member account.

Your final benefit

A final benefit for a PSSap Ancillary member comprises:

Add
  • Eligible contributions and rollovers (if applicable)
  • Investment earnings (positive or negative)
Subtract
  • Fees and charges
  • Withdrawals (if applicable)
  • Rollouts to other funds (if applicable)
  • Taxes
  • Insurance premiums (if applicable )
Equals
  • Final benefit

For more information

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