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2019-2020 PAYG payment summaries

For taxation purposes, the income stream i.e. 'police pension' paid to members is known as a 'capped defined benefit income stream'. 

Superannuation benefits payable to Police Super members are defined. 

Members are encouraged to seek independent financial advice regarding personal, and financial advice. Members may choose their own financial planner or the current State Government contract holders namely Industry Fund Services (IFS) on phone 1300 138 848.

Funds SA is responsible for investing the assets of the SA Police Superannuation Scheme; and Super SA's Triple S.  Police Super members may salary sacrifice to a Triple S account.

The Police Superannuation Board is responsible to the Minister for Finance for the management, and administration of the Police Superannuation Scheme in accordance with the Police Superannuation Act 1990 (SA) and other relevant legislation.

The Commonwealth Preservation Age (CPA) is used to determine the amount of taxation members will pay on their lump sum superannuation benefits only if they elect to receive these benefits in cash, and where they are under their CPA at that time.