Example of your default super contributions

When you first join the Defined Benefit Division (DBD), your default total contribution is 24% of your salary (if you get 17% employer contributions) or 21% (if you get 14% employer contributions). This example shows the default arrangment when you first join the DBD.

Total annual salary package

$117,000

incl. super

17% from your employer
$17,000 

Super contribution made by employer

$14,000 paid into your defined benefit component | $3,000 paid into your accumulation component 


7% from your after-tax take-home pay
$7,000

Default member contribution 

Paid into your defined benefit component


24% total super contribution
$24,000

Your total super contribution

Contribution taxes apply to employer contributions.

Defined Benefit Division accounts

Your default member contributions go towards your defined benefit component. Your contribution level is included in the formula that calculates your super balance, so changing your default member contributions changes the outcome of your formula.

What you can change

You can reduce your contributions or change them from after-tax to salary sacrifice (before-tax) contributions.

  • Reduce your contributions

    By default, you contribute 7% (after tax) of your salary into your Defined benefit component but you can contribute less. There is a range of pre-determined rates to choose from.

    If you do reduce your default member contributions, you can't increase them again later and your defined benefit will be reduced.  You can still add extra money with salary sacrifice or after-tax contributions, but it can only go into your accumulation component.

    If you receive 17% employer contributions and reduce your default member contributions, the 3%  that goes into your accumulation component will go to your defined benefit component instead.

    Reducing your contributions will affect your super

    • You’ll have less money to retire on because you’re contributing less. Remember, changing your contributions affects the outcome of the formula that determines your defined benefit balance.
    • If you reduce your contributions when you first join us, you won’t receive external death and disability insurance automatically. You’ll need to apply for it separately. See the DBD and Accumulation 2 PDS (PDF, 2.5 MB) for more information.
    • It may reduce your inbuilt death and terminal medical condition cover. Your other inbuilt benefits won’t change.
  • Change to salary sacrifice contributions

    Your employer may be able set up a salary sacrifice arrangement so your default member contributions are paid from your before-tax pay.

    Doing this could mean you may pay less tax as these contributions are taxed at 15%, which is generally lower than the income tax that applies to after-tax contributions. There are other effects, like contributions caps, to consider.

    Speak to your employer about whether they can set this up for you.

Accumulation 2 accounts

When you switch to the Accumulation 2 product, you’ll continue to make the same contributions you did in the Defined Benefit Division (DBD).

What you can change

You can reduce or increase your contributions at any time or change your contributions from after-tax to salary sacrifice (before-tax) contributions.

  • Reduce or increase your contributions

    Accumulation 2 gives you the flexibility to change your default member contributions at any time. Choose from our pre-determined rates or set your own.

    Reducing your contributions will affect your super

    • You’ll have less money to retire on because you’re contributing less.
    • You may need to meet extra criteria to receive your default external insurance.
    • You’ll need to ensure you have enough money in your account to pay any insurance premiums.
  • Change to salary sacrifice contributions

    You may be able to ask your employer to pay your default contributions from your before-tax pay (also known as a salary sacrifice arrangement).

    Doing this could mean you may pay less tax as these contributions are taxed at 15%, which is generally lower than the income tax that applies to after-tax contributions. There are other effects, like contributions caps, to consider.

Contribution rates

You can choose from predetermined default member contribution rates. The available rates depend on whether you receive 14% or 17% employer super contributions. Remember, if you're a DBD member, you have to choose from one of these rates. Accumulation 2 members can choose any level of default member contributions.

  • Rates for 14% employer contributions
    Available rates if you receive 14% employer contributions
    After-tax contribution level Before-tax contribution level
    7.00% 8.25%
    6.55% 7.70%
    5.55% 6.55%
    4.55% 5.35%
    3.55% 4.20%
    2.55% 3.00%
  • Rates for 17% employer contributions
    Available rates if you receive 17% employer contributions
    After-tax contribution level Before-tax contribution level
    7.00% 8.25%
    4.45% 5.25%
    4.00% 4.70%
    3.00% 3.55%
    2.00% 2.35%
    1.00% 1.20%
    0% 0%

How to change your contributions

Before changing your default contributions, we recommend you take the time to consider your options. You can speak to a super consultant or make an appointment with a financial adviser.

To choose a pre-determined contribution rate, complete the Default member contributions form (PDF, 633 KB) and give it to the superannuation officer at your work.

To choose your own contribution rate (Accumulation 2 accounts only), speak to your employer about how to arrange this.

document download
Read more about your options for your default member contributions in the product disclosure statement (PDF, 2.5 MB).
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If you're not sure which account you have, you can check online or contact us.

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