To learn more, read the Product Disclosure Statement (PDS) and accompanying guide booklet:
You are a spouse member of the APSS if your employee member partner has opened a Member Savings account in your name. This is called an APSS ‘Spouse Account.’
Why would an employee member bring their spouse into the APSS? It might be to help ensure their spouse’s super savings don’t fall behind; for example, if the spouse is out of the workforce for a time. There’s a tax offset opportunity for employee members (see the ATO website), and there may be tax advantages for a couple.
Of course, spouse members can contribute too, and have access to the same APSS investment options.
Some spouses (generally those aged 20 to 64 and Australian residents) also have an automatic base level of insurance cover in case they die, suffer total & permanent disablement (TPD) or become terminally ill. There are no medical checks or paperwork to complete. However, a weekly insurance premium applies.
Who can be a Spouse member?
A spouse member must be a person:
- who is legally married to the employee member who opens the account,
- who, although not legally married to an employee member, is living with that member on a genuine domestic basis in a relationship as a couple, or
- whether of the same or a different sex, with whom an employee member is in a registered relationship under laws in Victoria, Tasmania, New South Wales, Queensland or the Australian Capital Territory.
You can no longer be a spouse member:
- when your employee member spouse ceases to be employed by Australia Post or an Associated Employer, or
- if the employee member ceases to be your spouse.
However, you can continue your APSS membership by becoming a Rollover or Pension member of the APSS.
Types of contributions
Contributions to a Spouse Account can include:
- After-tax contributions by both the employee member and/or spouse member (subject to the spouse's Tax File Number being supplied).
- Personal before-tax contributions by the spouse member (if intending to claim a tax deduction for the contribution).
- Government co-contributions (if eligible).
- Rollover amounts transferred from the spouse member's other superannuation fund/s.
- Certain before-tax contributions employee members may wish to split with their respective spouses.