Commonwealth legislation

Superannuation (PSS) Maximum Benefits (2025-2026) Determination 2025

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legislative instrument

Plain English Summary

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This Determination, effective 1 July 2025, updates numeric caps on PSS and AFP superannuation payments under PSS Rules 5.6.5 and 5.7.7. Lump-sum caps: average salary under $93,000 = $930,000; $93,000 and over = 10× average salary. AFP pension caps: final average salary under $93,000 = $1,302,000; $93,000 and over = 14× final average salary. Made by a Commonwealth Superannuation Corporation delegate, it limits scheme payout entitlements and changes how member benefits are calculated.

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Superannuation (PSS) Maximum Benefits (2025-2026) Determination 2025

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Superannuation (PSS)

Maximum Benefits (2025-2026)

Determination 2025

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I, ADAM NETTHEIM, Chief Customer Officer, and Delegate of Commonwealth Superannuation Corporation, pursuant to rules 5.6.5 and 5.7.7 of the PSS Rules, in the Schedule to the Deed in force under section 4 of the Superannuation Act 1990, DETERMINE as follows:

Dated 06 May 2025

A NETTHEIM

Delegate of Commonwealth Superannuation Corporation

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1 Name of Determination

This Determination is the Superannuation (PSS) Maximum Benefits

(2025-2026) Determination 2025.

2 Commencement

This determination takes effect on 1 July 2025.

3 Maximum Benefits – Lump Sums

For rule 5.6.5 of the PSS Rules, the table in rule 5.6.1 has effect, for the financial year starting on 1 July 2025, as if the amounts specified in the following table were substituted for the amounts specified in that table:

Table – Maximum Benefits
Average Salary Maximum Benefit
Less than $93,000.00 $930,000.00
$93,000.00 and over 10 times average salary

Maximum Benefits – AFP Lump Sums

For rule 5.7.7 of the PSS Rules, the table in rule 5.7.1 has effect, for the financial year starting on 1 July 2025, as if the amounts specified in the following table were substituted for the amounts specified in that table:

Table – AFP Preliminary Maximum Benefits – Lump Sums
Average Salary Preliminary Maximum Benefit
Less than $93,000.00 $930,000.00
$93,000.00 and over 10 times average salary

Maximum Benefits – AFP Pensions

For rule 5.7.7 of the PSS Rules, the table in rule 5.7.2 has effect, for the financial year starting on 1 July 2025, as if the amounts specified in the following table were substituted for the amounts specified in that table:

Table – AFP Preliminary Maximum Benefits – Pensions
Final Average Salary PreliminaryMaximum Benefit
Less than $93,000.00 $1,302,000.00
$93,000.00 and over 14 times average salary

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.