State Fire Commission Superannuation Scheme


The State Fire Commission Superannuation Scheme is a defined benefit scheme.

Membership was open to permanent full-time uniformed employees of the Tasmanian Fire Service. The scheme was closed to new members from 1 July 2005.

For more details on how your State Fire Commission Superannuation Scheme benefits are calculated and insurance cover please refer to the State Fire Commission Superannuation Scheme - your benefits explained fact sheet.

What happens to my money if I resign?


If you resign from the Tasmanian Fire Service and you are under your preservation age, you will be provided payment instruction forms to complete in order to transfer to a complying superannuation scheme of your choice (less tax).

For more information please read:

 

What happens to my money when I retire?


When you reach preservation age and retire, you may have the option of transferring your benefit to a complying superannuation fund of your choice, cashing all or part of your benefit or a combination of the above.

For more information please read:

 

What tax will I pay when I retire?


When you reach preservation age and choose to access your benefit, taxation will be determined by both your age and the type of benefit you choose to access.

Super benefits coming from State Fire Commission Superannuation Scheme will become tax exempt when you reach age 60.

If you retire and access your super before age 60 you will continue to pay some tax until your 60th birthday.

The table below shows the impact of taxation to member's benefits:

Income Tax component Accessed by members from preservation age to 59* Accessed by members aged 60 and over
Lump sum Tax-free Tax-free Tax-free
Taxable
(taxed)
$0 - $195,000 will be tax-free
Above $195,000 taxed at 15% plus the Medicare Levy
Tax-free
RBF Account Based Pension Tax-free Tax-free Tax-free
Taxable
(taxed)
Taxable at marginal tax rate, less 15% pension offset (rebate) plus the Medicare Levy Tax-free
 

* Taxation rates and thresholds effective 1 July 2016 and are subject to change.

 

The trustee of the Retirement Benefits Fund (ABN 51 737 334 954) is the Superannuation Commission (ABN 93 598 914 092).

This website is provided by Mercer Outsourcing (Australia) Pty Ltd (MOAPL) ABN 83 068 908 912, Australian Financial Services Licence #411980 on behalf of the Superannuation Commission ("Trustee") ABN 93 598 914 092 as trustee for the Retirement Benefits Fund ("Fund"). The Fund comprises the Contributory Scheme, the Contributory Scheme CPA, the State Fire Commission Superannuation Scheme, the Tasmanian Ambulance Service Superannuation Scheme, the Parliamentary Superannuation Fund and the RBF Life Pension.

Information provided on, and available from, this site does not constitute financial or taxation advice. The information does not take into account the individual objectives, financial situation or needs of any individual and we recommend that you obtain investment and taxation advice specific to your investment objectives, financial situation and particular needs before making a financial decision.

You should seek independent financial and taxation advice to determine if an investment is appropriate to your individual circumstances.

The Trustee pays a fee for the provision of this service however this fee is not conditional on you using this service or acting on the information or advice provided through this service.

Please read the Terms and conditions for further information about your use of this website.