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How APSS works

The Australia Post Superannuation Scheme (APSS) is an exclusive super scheme for eligible employees of Australia Post and Associated Employers and their spouses. APSS membership can continue after employment with an APSS Rollover Account and (if eligible) an APSS Pension.

As an APSS member, your super benefit is made up of two parts:

  1. Your APSS Defined Benefit
  2. Your Member Savings Account

Employee members

Your APSS super is made up of a defined benefit financed by your employer. Investment returns do not affect this part of your benefit. Your APSS Defined Benefit is calculated by applying a percentage based on length of service to your Final Average Salary (FAS).

In addition, you have the choice of opening an APSS Member Savings account (your ‘Employee Account’) where you can direct your personal contributions (if any) or transfers from other super funds.

The June 2018 quarter’s edition of your member newsletter Insight included an feature article on how the APSS Defined Benefit works.

Spouse and Rollover accounts

You can be a spouse member of the APSS if your employee member partner has opened an APSS Member Savings account in your name. This account will be your ‘APSS Spouse Account’ as long as you remain an eligible spouse. If you cease to be eligible, then you can continue your APSS membership with an APSS Rollover Account or (if eligible) an APSS Pension.

Rollover accounts are also designed for employees who cease employment so that they can continue their APSS membership.

Spouse and Rollover accounts are known as ‘accumulation’ accounts within the super industry. The September 2018 quarter’s edition of your member newsletter Insight included a feature article on accumulating super in such accounts.

APSS Pension

The APSS Pension enables you to continue your APSS membership when you retire, potentially for the rest of your life. You can also use the APSS Pension as part of a transition to retirement (TTR) strategy.

How professional guidance could help

Professional guidance can help when you reach certain milestones, such as leaving employment, starting retirement, getting married etc.

It can also help you identify a suitable investment option for any member savings you have in the APSS, and to discuss your insurance arrangements.

Which option to choose?

If you have an APSS Member Savings account, you have four investment options:

  1. Cash
  2. Conservative
  3. Balanced
  4. High Growth

You can choose either one or a combination of options for the investment of your savings, so you have even more choice because you can combine these four options into a unique option of your very own individual design.

Deciding which investment option is right for you will depend on a number of factors such as:

  • The level of risk you’re prepared to accept
  • Your investment time frame
  • Your needs and objectives

Professional guidance can help you understand your options and choose wisely.

Too heavily invested in cash? You may want to read the September 2017 quarter’s edition of your member newsletter Insight, which included a feature article with content related to making an appropriate investment choice.

The best decisions come from getting the right advice

Your APSS benefit structure can be complex, especially if you have been a member since 1990 when it started. StatePlus financial planners are experienced professionals who can help you understand your benefits and make better decisions.

You can meet with one of our professional financial planners for one hour without cost or obligation. After that first hour, the fee you pay will depend on the level of advice you actually need, and the service you’re expecting.

Call 1800 620 305 to get started.


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State Super Financial Services Australia Limited trading as StatePlus (ABN 86 003 742 756 | AFSL 238430) is wholly owned by FSS Trustee Corporation (ABN 11 118 202 672 and AFSL 293340) as trustee of the First State Superannuation Scheme (ABN 53 226 460 365). This information is of a general nature only and is not specific to your personal circumstances or needs. Before making any decisions based on this information you should consider its appropriateness to you. Every effort has been made to ensure the information contained in it is accurate. We strongly recommend that you consult a financial planner before taking action based on this information. Past performance is not an indicator of future performance. Neither the SAS Trustee Corporation nor the New South Wales Government take any responsibility for this information or the services offered by StatePlus, and nor do they, FSS Trustee Corporation or StatePlus guarantee the performance of any product provided by StatePlus.

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