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*
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
Rollovers from other super
Accumulated transfer amounts
One or a mix of up to four investment options:
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
||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:
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