Public Service Super: Making the Most of Your PSS or CSS Benefits
If you’re a current or former public servant in Canberra, your super is likely one of your most valuable assets — especially if you’re part of the PSS or CSS defined benefit schemes. Yet many people don’t fully understand how these funds work or how to make the most of them before retirement.
What makes PSS and CSS unique?
Unlike retail or industry funds, PSS and CSS are defined benefit schemes — meaning your final benefit is calculated using your final average salary and contribution rate, not just investment returns.
This can be incredibly powerful — but it also means small contribution decisions today can have a big impact at retirement.
Smart strategies before you retire
Maximise your contributions: If you’re still in the scheme, increasing your contribution rate can significantly boost your final benefit.
Avoid leaving too early: Your defined benefit is heavily influenced by your final salary — even one more year at a higher APS level can make a noticeable difference.
Plan for tax: Defined benefits are taxed differently. Before retiring or resigning, speak to a qualified financial adviser familiar with PSS and CSS rules.
Coordinate with your spouse’s super: Many Canberra couples have one member in PSS/CSS and the other in a standard accumulation fund. Strategic planning can balance income in retirement and optimise Centrelink outcomes.
At Access Wealth Group, we’ve helped many Canberra public servants transition from PSS or CSS into retirement, making sure they don’t leave benefits on the table.
If you’d like to understand what your projected benefit could look like — and how to get the most out of it — get in touch today for a chat.
This article is of a general nature only and does not take into account your individual financial circumstances, objectives, or needs. It does not constitute personal financial advice. You should not act on any of the information provided without first seeking professional financial advice that considers your personal situation.