Public Sector Superannuation Accumulation Plan (PSSap) Review

PSSap logo

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

RankAsset%
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

RankAsset%
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

RankAsset%
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

Speak To An Advisor

Review My Super can review every Super Fund in Australia and can help you understand what YOUR money is doing for YOU

* all fields required
How can we help? *

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.

No, it is a public sector fund.

 
3.6 15 Reviews
How would you rate
2.5 2 Reviews
Service
1 2 Reviews
Performance
1 2 Reviews
Fees
2 2 Reviews
Insurance
1.5 2 Reviews
Transparency
guest
How would you rate
Service
Performance
Fees
Insurance
Transparency
24 Reviews
Most Votes
Newest Oldest
Inline Feedbacks
View all review
Anonymous
Anonymous
6 months ago
How would you rate :
     

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.

Anonymous
Anonymous
6 months ago
How would you rate :
     

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

Anonymous
Anonymous
6 months ago
How would you rate :
     

Expensive fees, but good returns

Anonymous
Anonymous
5 months ago
How would you rate :
     

Awesome fun but only eligible if you work for the Fed Government

Anonymous
Anonymous
5 months ago
How would you rate :
     

High Fees, very little advice or communication, and very little consistent performance

Anonymous
Anonymous
5 months ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

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.

Anonymous
Anonymous
4 months ago
How would you rate :
     

Good fund well managed

Anonymous
Anonymous
4 months ago
How would you rate :
     

It would be nice to see performance in the top 10 funds for once.

Anonymous
Anonymous
4 months ago
How would you rate :
     

No ethical investment option, high fees, it sucks

Anonymous
Anonymous
4 months ago
How would you rate :
     

very good

Anonymous
Anonymous
4 months ago
How would you rate :
     

High fees and not a very good performing fund, very little or no communication at all

Anonymous
Anonymous
3 months ago
How would you rate :
     

So so

Anonymous
Anonymous
3 months ago
How would you rate :
     

simple

Anonymous
Anonymous
3 months ago
How would you rate :
     

good returns

Anonymous
Anonymous
1 month ago
How would you rate :
     

good cannot complain

Anonymous
Anonymous
1 month ago
How would you rate :
     

Fees are too high and the return on investment performance does not match the fee rates

Anonymous
Anonymous
1 month ago
How would you rate :
     

Fees are too high

Steve
Steve
1 month ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

Not happy with the Fees or performance Am looking to change

Anonymous
Anonymous
1 month ago
How would you rate :
     

Struggling to find information about what companies my money is invested in. Not enjoying the lack of transparency.

Anonymous
Anonymous
27 days ago
How would you rate :
     

The system is slow. Information is difficult to find. High admin fee.

Anonymous
Anonymous
20 days ago

good

Anonymous
Anonymous
17 days ago
How would you rate :
     

Have nothing but very positive experience of both the fund performance and the service and support offered.

Anonymous
Anonymous
14 days ago
How would you rate :
     

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.

Anonymous
Anonymous
23 hours ago
How would you rate :
     

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

PSSap
Compare Insurance
24
0
Would love your thoughts, please review.x
Share the joy
PSSap

Are you with PSSap?

3.6 15 Reviews
How would you rate
2.5 2 Reviews
Service
1 2 Reviews
Performance
1 2 Reviews
Fees
2 2 Reviews
Insurance
1.5 2 Reviews
Transparency
guest
How would you rate
Service
Performance
Fees
Insurance
Transparency
24 Reviews
Most Votes
Newest Oldest
Inline Feedbacks
View all review
Anonymous
Anonymous
6 months ago
How would you rate :
     

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.

Anonymous
Anonymous
6 months ago
How would you rate :
     

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

Anonymous
Anonymous
6 months ago
How would you rate :
     

Expensive fees, but good returns

Anonymous
Anonymous
5 months ago
How would you rate :
     

Awesome fun but only eligible if you work for the Fed Government

Anonymous
Anonymous
5 months ago
How would you rate :
     

High Fees, very little advice or communication, and very little consistent performance

Anonymous
Anonymous
5 months ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

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.

Anonymous
Anonymous
4 months ago
How would you rate :
     

Good fund well managed

Anonymous
Anonymous
4 months ago
How would you rate :
     

It would be nice to see performance in the top 10 funds for once.

Anonymous
Anonymous
4 months ago
How would you rate :
     

No ethical investment option, high fees, it sucks

Anonymous
Anonymous
4 months ago
How would you rate :
     

very good

Anonymous
Anonymous
4 months ago
How would you rate :
     

High fees and not a very good performing fund, very little or no communication at all

Anonymous
Anonymous
3 months ago
How would you rate :
     

So so

Anonymous
Anonymous
3 months ago
How would you rate :
     

simple

Anonymous
Anonymous
3 months ago
How would you rate :
     

good returns

Anonymous
Anonymous
1 month ago
How would you rate :
     

good cannot complain

Anonymous
Anonymous
1 month ago
How would you rate :
     

Fees are too high and the return on investment performance does not match the fee rates

Anonymous
Anonymous
1 month ago
How would you rate :
     

Fees are too high

Steve
Steve
1 month ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

Not happy with the Fees or performance Am looking to change

Anonymous
Anonymous
1 month ago
How would you rate :
     

Struggling to find information about what companies my money is invested in. Not enjoying the lack of transparency.

Anonymous
Anonymous
27 days ago
How would you rate :
     

The system is slow. Information is difficult to find. High admin fee.

Anonymous
Anonymous
20 days ago

good

Anonymous
Anonymous
17 days ago
How would you rate :
     

Have nothing but very positive experience of both the fund performance and the service and support offered.

Anonymous
Anonymous
14 days ago
How would you rate :
     

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.

Anonymous
Anonymous
23 hours ago
How would you rate :
     

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