A scheme that provides retirement benefits based on accumulated member and employer contributions, and investment returns.
The employer contributes 8.4% on behalf of the members to their superannuation fortnightly.
All contributions are calculated from the member’s fortnightly gross salary. However, member contributions are deducted after tax and employer contributions are deducted before tax.
The member contributes 6% to their superannuation fortnightly.
Members can make voluntary contributions for Superannuation apart from the mandated contribution.
The combined contributions grow over time through investments managed by professional fund managers, ensuring your retirement savings work for you.
You are eligible to access your funds when you have reached retirement age, or if you have been unemployed for over 3 months according to the Superannuation (General Provisions) Act 2000.
The CTSL team will guide you through the process to ensure you receive your entitlements.
Your employer contributions and interest are subject to taxation according to the tax regulations under the Superannuation (General Provisions) Act 2000, as specified by the IRC.
The Accumulation Scheme offers several valuable benefits designed to support members both before and after retirement:
Your balance increases with every employer and personal contribution, plus investment earnings over time.
After five continuous years of contributions, you can apply for an advance to assist with building or purchasing a home.
Your superannuation account benefits from investment returns managed by professional fund managers, aiming to maximize growth.
Stay on top of your contributions, investment earnings, and superannuation balance via the secure online CTSL Member Portal.
Upon retirement, resignation, or other eligible circumstances, you can access your accumulated savings, providing peace of mind for the years ahead.
The Accumulation Scheme is designed to be simple, transparent, and rewarding — helping you build a strong financial future while enjoying additional member benefits along the way.
