Increase your contribution rate
November 29 2023
Increasing your contribution rate (defined benefit members) is one of the simplest ways you can improve your lifestyle in retirement. Whilst it's never too late to start contributing, it pays to get in early.
Contribution rate options for our different defined benefit funds are:
||After tax contribution rates (%)
||Before tax contribution rates (%)
|ESSS Defined Benefit Fund
(Compulsory based on your age at 1 May)
- 30-39 = 8.5%
- 40-49 = 9.0%
- 50+ = 9.5%
- 30-39 = 10.0%
- 40-49 = 10.6%
- 50+ = 11.2%
Change your contribution rate
Things to consider before changing your contribution rate (ESSS Defined Benefit Fund)
- have not increased your contribution rate since 5 September 2006, and
- joined the ESSS Defined Benefit Fund before 1 July 2007,
your contribution arrangements have been 'grandfathered'. In other words, if the notional contributions to the ESSS Defined Benefit Fund made on your behalf, exceed the concessional cap, ESSSuper will report these contributions at a maximum of the applicable concessional contributions cap.
Conversely, if you've increased your contribution rate since 5 September 2006, your contributions to the ESSS Defined Benefit Fund are subject to the concessional contributions cap at the calculated rate.
For more information about grandfathering, refer to our ESSS DB Fund Members – Frequently asked questions about your benefit fact sheet.
Fact sheets are available on our Publications web page
You can partner with an Accumulation Plan
Many of our members also choose to partner their defined benefit fund with our Accumulation Plan. Not only does this allow you to make extra contributions, but you can also enjoy other benefits such as consolidating superannuation into ESSSuper, accessing an award-winning income stream, or varying your insurance.
Find out more about the Accumulation Plan here