Once a year on your birthday, your salary for superannuation is reviewed. At your birthday review, the employer calculates your upcoming year’s superable salary. This is done based on the following:
- your base salary
- all relevant allowances
- your fortnightly hours you have worked on that fortnight
The PSSAP and PSS employer fund contribution is calculated on the salary for superannuation and currently for PSSAP it is 15.4% and PSS it is 16.8%. Please seek your own financial advice relating to Superannuation.