Increase your contribution rate

March 27 2017

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 rates

Contribution rate options for our different defined benefit funds are:

Fund After tax contribution rates (%) Before tax contribution rates (%)
ESSS Defined Benefit Fund
  • 0%
  • 3%
  • 5%
  • 6%
  • 7%
  • 8%*
  • 0%
  • 3.6%
  • 5.9%
  • 7.1%
  • 8.3%
  • 9.5%*
New Scheme
  • 0%
  • 3%
  • 5%
  • 7%**
  • 0%
  • 3.6%
  • 5.9%
  • 8.3%**
SERB Scheme
(Compulsory)
  • 5% (flat rate)
  • 5.9% (flat rate)
Transport Scheme
  • 0%
  • 2.5%
  • 5%
  • 7.5%**
  • 0%
  • 3%
  • 5.9%
  • 8.9%**
Revised Scheme
(Compulsory based on your age at 1 May)
  • 30-39 = 8.5%
  • 40-49 = 9%
  • 50+ = 9.5%
  • 30-39 = 10%
  • 40-49 = 10.6%
  • 50+ = 11.2%

* Catch up rate for members who have contributed at a rate less than 7% during their membership. Refer to the Product Disclosure Statement for more details.

** Only available in order to reach an overall contribution average of 5%.

Alternatively, you can submit the form applicable to your fund.


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.

 

 


Before making any decisions about ESSSuper products or services, you should read the applicable PDS or Handbook. You can access all of our publications here.