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Key features
  • Choice of investment options between Market Return Member Savings or Cash Return Member Savings, or a combination of both.
  • No administration fees, however management and transaction costs are deducted from the assets of the APSS before the Crediting Rates are determined.
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Employee Account

Opening up an Employee Account in the APSS can enable you to save more towards your retirement in addition to your Defined Benefit.

Who is eligible?

If you are an employee member of the APSS and you wish to make personal contributions to your super, you can open an Employee Account.

Types of contributions:

Contributions to your Employee Account can include:

  • regular contributions from your before-tax salary (i.e. salary sacrifice)
  • regular contributions from your after-tax salary
  • other contributions of after-tax money
  • amounts transferred from other superannuation funds (rollovers)
  • Government co-contributions (if eligible).

How does it work?

Employee Accounts are accumulation accounts where the balance of the account is determined by an accumulation of:

  • contributions made to the account and rollovers from other super funds
  • investment returns (either positive or negative)
  • less the fees and taxes deducted from the account
  • less any rollovers made to another superannuation fund (under portability rules) and benefit payments (upon retirement or otherwise as permitted under preservation rules).

Employee members have a choice of investment options for their Employee Account between Market Return Member Savings or Cash Return Member Savings or a combination of both. Crediting Rates are used to allocate investment returns (positive or negative) to these accounts. Different Crediting Rates apply to the Market Return and Cash Return investment options.

Contribution rules

  • To make personal contributions into your Employee Account, you must be under age 65 (or between age 65-74 and currently employed in the paid workforce on at least a part-time basis).
  • 'Part-time basis' means at least 40 hours in a period of 30 consecutive days during the most recent financial year.
  • After-tax contributions into your Employee Account can only be made if you have provided APSS with your Tax File Number (TFN).
  • Different rules apply to any contributions you make to your spouse’s APSS Spouse Account.

When you cease to be employed by Australia Post or an Associated Employer, your Employee Account will be closed and no further contributions can be made to it. However, you may choose to transfer your money into an APSS Rollover Account.