Accumulation Plan

To help you reach your retirement goal, the Accumulation Plan lets you invest extra into your super with the overall objective being to increase the balance in your account by accepting rollovers and regular contributions. Simple and effective really.

How much super do you need?

A recent Australian study by The Association of Superannuation Funds of Australia (ASFA) shows the average super payout is just $155,000 for men and $73,000 for women. That's far less than the lump sum of over $500,000 that Westpac ASFA Retirement Standards says is required to reach a 'comfortable' retirement income. 

Many benefits

The Accumulation Plan allows you to save for your retirement in a low cost tax-effective environment. It offers you:

• competitive fees
• lump sum benefits paid on resignation, dismissal, retirement or retrenchment
• benefits paid on death and total & permanent disablement, as well as income protection cover
• a choice of seven ready-made investment options
• the ability for any employer to contribute to ESSSuper
• the ability to change your investment choice for your existing account balance on a monthly basis - free of charge
• the ability to change your investment choice for future contributions at any time - free of charge
• the ability to vary how much you contribute at any time
• the ability to rollover super benefits from other super funds
• the ability to further increase your insured death and disablement benefits (within limits) at competitive rates
• flexible options for nominating who is to receive your benefit upon death, and
• the flexibility to keep your super with ESSSuper when you leave your job.

Suitable for employer contributions

Members or spouse members with an Accumulation Plan account, may request ANY employer to remit contributions including superannuation guarantee (SG), salary sacrifice and personal after tax contributions to ESSSuper. Full conditions on when contributions that can be accepted, can be found in the 'Choice of Fund' form.

How do we rate?

Independent superannuation research and rating organisation SuperRatings, has given our Accumulation Plan a Platinum rating (the highest rating possible).  Check out the SuperRatings reports which are a quick snapshot of the plan and how it compares to others.

Facts you should know

You need to be aware that the value of benefits may rise or fall. You may receive back less than the amount of contributions paid due to the level of investment returns earned (including negative returns) and the Plan's fees, charges, taxes and insurance premiums.  The benefits in the ESSSuper Accumulation Plan are not guaranteed or underwritten by the Victorian Government or the Emergency Services Superannuation Board.