Contributory Scheme CPA


You may have an unfunded Contributory Scheme CPA if you exited from the Contributory Scheme or the closed RBF Non-Contributory Scheme before you reached preservation age.

Tasmanian legislation requires that your entitlements must stay in this unfunded account until you reach preservation age. This means you cannot roll over this account balance to another super fund or super account until you reach your preservation age.

Balances in the Contributory Scheme CPA are indexed in line with inflation or movements in average wages, whichever is the greater.

The rate is currently set at 1.282% pa effective from (and including) 1 September 2017. The next effective date is 1 March 2018 and the rate may be subject to change at this time.

For historical rates please refer to your RBF Member Benefit Statements or contact the RBF Enquiry Line on 1800 622 631.

No fees or charges are applied to your Contributory Scheme CPA balance.

The investment performance of RBF does not affect benefits held in the Contributory Scheme CPA.

When you reach preservation age, the Tasmanian Government will fund your Contributory Scheme CPA, taxation will be deducted and RBF will transfer the balance to a holding account. Once this amount is funded, you may choose to access the benefit as cash, transfer to a life pension or roll it over to a complying superannuation fund (preservation and eligibility rules apply).

Once you reach your preservation age, you may access this benefit as cash, transfer it to an RBF life pension (if applicable) or chose to roll it over to another superannuation fund.

® Registered to the Office of the Superannuation Commission ABN 93 598 914 092.

 

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.

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