SASS
Members of the State Authorities Superannuation Scheme (SASS) receive favourable treatment in the calculation of concessional contributions.
If SASS is your only super fund, you usually cannot exceed the concessional contributions cap. That’s because under special regulations applying to defined benefits funds, a SASS member who would otherwise exceed the cap is deemed to be within the cap.
However, members will lose this special treatment permanently if their Benefit Category is changed on 1 April 2010 or if they subsequently increase personal contributions and move into a higher Benefit Category.
Your Benefit Category is determined by your personal contribution rate.
Even when the special conditions apply if a SASS member is making any additional concessional contributions to another fund, total contributions across all super accounts should be within the cap.
Employer concessional contributions to SASS are calculated as a percentage of superable salary. The actual percentage to use depends on a member’s predecessor scheme:
If you continue to work after you’ve reached 30 years of scheme membership and reached 180 points, then your employer concessional contributions will be 1.2% of your salary.
Of course, if you salary sacrifice your member contributions, these will also be counted.
Further information, with examples, is available in SASS Fact Sheet 16.
Standard SASS
|
Your Contribution Rate |
Percentage to use in formula |
|
3% or less |
6% |
|
4% |
7.2% |
|
5% |
9.6% |
|
6% or more |
10.8% |
SPSSS
|
Your Contribution Rate |
Percentage to use in formula |
|
3% or less |
6% |
|
4% |
8.4% |
|
5% |
12% |
|
6% or more |
13.2% |
NRF
|
Your Contribution Rate |
Percentage to use in formula |
|
Up to and including 3.8% |
6% |
|
Over 3.8% to 4.5% |
7.2% |
|
Over 4.5% to 4.8% |
8.4% |
|
Over 4.8% to 5.3% |
9.6% |
|
Over 5.3% |
10.8% |
LGBF
|
Your Contribution Rate |
Percentage to use in formula |
|
Up to and including 3.8% |
6% |
