Returns to May 31 2022
Investment Option | 1 Year | 3 Year | 5 Year |
---|---|---|---|
CSC PSSap - Aggressive | 3.94% | 9.23% | 9.02% |
Median | 2.2% | 7.8% | 7.8% |
CSC PSSap - Aggressive VS Median | 1.74% | 1.43% | 1.22% |
Fees
Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
---|---|---|---|
CSC PSSap - Aggressive | 84 | 1.15% | $659 |
Asset Allocation
Rank | Asset | % | |
---|---|---|---|
1 | Australian Shares | 23.33% | |
2 | International Shares | 23.33% | |
3 | Fixed Interest | 6% | |
4 | Alternative | 38.33% | |
5 | Property | 7% | |
6 | Cash | 2% |
Returns to May 31 2022
Investment Option | 1 Year | 3 Year | 5 Year |
---|---|---|---|
CSC PSSap - Income Focused | 0.46% | 3.75% | 4.77% |
Median | 0.1% | 2.9% | 3.7% |
CSC PSSap - Income Focused VS Median | 0.36% | 0.85% | 1.07% |
Fees
Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
---|---|---|---|
CSC PSSap - Income Focused | 84 | 0.73% | $449 |
Asset Allocation
Rank | Asset | % | |
---|---|---|---|
1 | Australian Shares | 5.33% | |
2 | International Shares | 5.33% | |
3 | Fixed Interest | 34.5% | |
4 | Alternative | 23.33% | |
5 | Property | 10% | |
6 | Cash | 21.5% |
Returns to May 31 2022
Investment Option | 1 Year | 3 Year | 5 Year |
---|---|---|---|
CSC PSSap - MySuper Balanced | 2.5% | 6.16% | 6.61% |
Median | 2% | 6.6% | 6.7% |
CSC PSSap - MySuper Balanced VS Median | 0.5% | -0.44% | -0.09% |
Fees
Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
---|---|---|---|
CSC PSSap - MySuper Balanced | 84 | 0.92% | $544 |
Asset Allocation
Rank | Asset | % | |
---|---|---|---|
1 | Australian Shares | 19.67% | |
2 | International Shares | 19.67% | |
3 | Fixed Interest | 13% | |
4 | Alternative | 33.17% | |
5 | Property | 6.5% | |
6 | Cash | 8% |
Insurance Rating
Insurance is available through PSSap. However, it is not rated by Omnilife. To compare all available options for insurance through your super fund please click below.
PSSap Super Fund Information
ABN: 65 127 917 725
USI: 65127917725001
Address: Locked Bag 9300 Wollongong NSW 2500
About
PSSap (Public Sector Superannuation Accumulation Plan) is super fund under the Commonwealth Superannuation Corporation.
It has been the default super fund for most Australian Government employees and for employees of other eligible employers since 1 July 2005.
PSSap Investment Options
PSSap has four investment options – Cash, Income Focused, MySuper Balanced (or Balanced for Ancillary customers) and Aggressive.
PSSap Performance
PSSap's CSC PSSap - Aggressive investment option outperformed the median over 1 year, outperformed over 3 years and outperformed over 5 years. Check out our more in depth analysis of PSSap Performance See PSSap vs Australian Super to see how PSSap compares with one of Australia's biggest super funds.
PSSap Fees
PSSap's fees for their CSC PSSap - Aggressive investment option above the median compared to other funds’ MySuper/Balanced options listed on Review My Super.
PSSap Performance
PSSap's CSC PSSap - Income Focused investment option outperformed the median over 1 year, outperformed over 3 years and outperformed over 5 years. Check out our more in depth analysis of PSSap Performance See PSSap vs Australian Super to see how PSSap compares with one of Australia's biggest super funds.
PSSap Fees
PSSap's fees for their CSC PSSap - Income Focused investment option above the median compared to other funds’ MySuper/Balanced options listed on Review My Super.
PSSap Performance
PSSap's CSC PSSap - MySuper Balanced investment option outperformed the median over 1 year, under performed over 3 years and under performed over 5 years. Check out our more in depth analysis of PSSap Performance See PSSap vs Australian Super to see how PSSap compares with one of Australia's biggest super funds.
PSSap Fees
PSSap's fees for their CSC PSSap - MySuper Balanced investment option above the median compared to other funds’ MySuper/Balanced options listed on Review My Super.
Insurance
This fund offers default insurance cover known called ‘lifePLUS auto’, that gives you Income Protection, Death and TPD cover. You can also tailor your insurance cover.
The default cover offers the following:
Death and TPD cover. Levels vary based on your age.
Income Protection. A benefit period of two or five years depending on your age group with a 90-day waiting period. Super contributions of 15.4% while you’re on claim.
You are also able to hold other insurers in your super. To compare cover from other insurers with your current cover click here.
Frequently Asked Questions
PSSap’s CSC PSSap – MySuper Balanced option has Under performed the median over 5 years.
Fees for this option are slightly below the median out of Balanced/MySuper funds listed on Review My Super.
Based on this evidence, it would be reasonable to declare PSSap a good super fund. However, there are many factors which determine whether a super fund is good or bad and it can differ depending on personal requirements. We recommend you speak to a qualified adviser in order to work out which is the best super fund for you.
No, the ‘ap’ in ‘PSSap’ stands for ‘accumulation plan’. This means the funds are invested like regular super funds. Your final benefit will be whatever the funds have accumulated to when you withdraw, rather than a benefit defined by a set formula like a defined benefit scheme.
Yes, it is an APRA fund.
No, it is a public sector fund.
Be aware that fees are quite high, while performance is middle of the road. While they claim to undertake responsible/sustainable investments this may be greenwashing as there is a lack of clarity and they use the ‘influencing from within’ argument to justify continued involvement. I am going to move the bulk of my super into a more ethical fund where I can have more confidence that it’s supporting renewable energy rather than propping up fossil fuels.
Not particularly progressive with investment options.
Returns have been ok.
I have found much better experience from my second fund in all areas including investment choices, returns and ease of use
Expensive fees, but good returns
Awesome fun but only eligible if you work for the Fed Government
High Fees, very little advice or communication, and very little consistent performance
Service is reasonable, but given they’re underwritten by the federal government that should be a given. Performance is less than impressive when considering their fee structure and insurance premiums. Some credit has to be given to their insurance policy content though compared to the private market, however this is too little too late. Would be nice to see some real transparency in investment decision making and details of why they continue with some investments, and how they have been unable to take advantage of progressive investment options that have delivered other funds good returns. Could be the typical government of being adverse to risk unless multiple committees have approved a decision. Nobody wants overly high levels of risk, but we do expect a fund of his supposed calibre to be able to identify and exploit investment opportunities and not maintain lazy investment strategies with the idea that members are simply comfortable and secure with average expectations. Do I need to remind you that more and more members are considering (and electing) to go down the SMSF pathway.
Good fund well managed
It would be nice to see performance in the top 10 funds for once.
No ethical investment option, high fees, it sucks
very good
High fees and not a very good performing fund, very little or no communication at all
So so
simple
good returns
good cannot complain
Fees are too high and the return on investment performance does not match the fee rates
Fees are too high
Not happy with the Fees or performance Am looking to change
Struggling to find information about what companies my money is invested in. Not enjoying the lack of transparency.
The system is slow. Information is difficult to find. High admin fee.
good
Have nothing but very positive experience of both the fund performance and the service and support offered.
There are way too many transactions and it is impossible to check whether they are even correct or not. Lack of communication on what everything is or whether a better strategy could be used.
High fees for no reason. Limited choice and options. They just take advantage of the fact it’s the compulsory government employee super fund for too long, but now people have a choice. Need to step up their game