July 2000 Volume 81 Number 7 "serving the protectors"
Police Super Update
By Michael Hogg

Annual Contributor Information Statement 30 June 2000

Police Superannuation Scheme
Police Occupational Superannuation Scheme

f you commenced employment with SAPOL before 4 May 1994 you are a contributory member of the Police Superannuation Scheme (Pension or Lump Sum Scheme) and also a member of the non contributory Police Occupational Superannuation Scheme (POSS).

You will receive two annual contributor information statements in respect of the two superannuation schemes which will outline your benefits in each scheme as at 30 June 2000. You will also receive a report outlining the performance of the schemes during 1999-2000. It is expected that the annual contributor information statements and report will be forwarded to you in October 2000.

If you commenced employment with SAPOL after 4 May 1994 you are a member of the Southern State Superannuation Scheme (Triple S) and you will receive an annual contributor statement from the Super SA in respect of that scheme.

Goods and Services Tax (GST)

The Commonwealth’s new goods and services tax (GST) commenced on 1 July 2000.

For serving members of the Police Superannuation Scheme the introduction of the GST will have no affect on member superannuation contributions or retirement benefits. Under the GST there are no changes to the amount of taxation payable on lump sum superannuation benefits.

For retired members and spouses new personal income tax thresholds and income tax rates will come into effect from the first pension payment in July 2000.

Member Information

The Police Superannuation Board has a new website which is now available for members to obtain information relating to the Police Superannuation and Police Occupational Superannuation Schemes.

For information regarding superannuation contact the Police Superannuation Office. Group information sessions can be arranged upon request. Phone: 8204 2964 or 8204 2965. Fax: 8204 2303. E-mail: polsuper@adelaide.on.net

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