SSS

Members of the State Superannuation Scheme (SSS) receive favourable treatment in the calculation of concessional contributions.

If SSS is your only super fund, you cannot exceed the concessional contributions cap.  That’s because under special regulations applying to defined benefits funds, a SSS member who would otherwise exceed the cap is deemed to be within the cap.  However, if a SSS member is making any additional concessional contributions to another fund, total contributions across all super accounts should be within the cap.

For most members of SSS (retirement age 60) employer concessional contributions are calculated as 6% of superable salary.  For those with a normal retirement age of 55, employer concessional contributions are calculated at 7.2% of superable salary.  If you continue to work beyond your normal retirement age, 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 SSS Fact Sheet 23.