The Accumulation Scheme is a type of superannuation plan where both the member and their employer make regular contributions to a personal super account throughout the member’s working life. These contributions are invested, and the retirement benefit you receive is based on the total contributions made to your account plus investment earnings over time.
Paid fortnightly by your employer, 8.4% of your fortnightly salary is remitted to super.
Paid fortnightly by your employer, you contribute 6% of your fortnightly salary (by law). You can make voluntary contributions up to 15% of your fortnightly salary to super.
The combined contributions grow over time through strategic 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 Superannuation (General Provisions) Act 2000.
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.
Your balance increases with every employer and personal contribution, plus investment earnings over time.
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.
