Member statement FAQ

My Member Statement tells me I have a surcharge debt, is this correct?

You may be confusing the terms "surchargeable contributions" and "surcharge debt", which appear on your Member Statement. 

The surchargeable contributions figure applies to all members. It is the notional employer contribution that is advised to the Australian Taxation Office each year. The Tax Office then works out whether you have a surcharge debt.

If you have a surcharge debt the Tax Office will let you know. Any surcharge debt appears on your Member Statement under the heading SURCHARGE DEBT. If this space is blank, you don't have a surcharge debt.

What is my SIS Upper Limit?

The Superannuation Industry (Supervision) Regulations (the SIS Regulations) introduced a number of changes from 1 July 1999. The amount of lump sum benefit that can be paid as cash before you reach your preservation age
 cannot exceed your SIS upper limit.

Your SIS upper limit is the lump sum that was immediately available as cash had you been involuntarily retired (retrenched) at 1 July 1999. That is, the total involuntary retirement lump sum, less the productivity benefit and the Superannuation Guarantee "top up" amount. The Superannuation Guarantee "top up" amount is the minimum community-wide superannuation amount that your employer is required to contribute.

It is a requirement of the SIS Act to show this figure on your Member Statement.

My statement shows a 'N' for tax file number, but I have 
provided you with it!

Unfortunately, some tax file numbers were accidentally erased from member records last year due to a technical problem. You can provide your tax file number by ringing 1300 000 277 , or by email to members@css.gov.au.