Our USI, SPIN and other important numbers all in one place.
Find out which documents we accept and how to certify them.
We've added more super helpful features to your Member Online to make it easier to add to your super online.
Find out more about the features and benefits that come with being a member.
Information in our Product Disclosure Statements, which are not materially adverse, are subject to change and may be updated from time to time. You can find the updates to current information below.
Updates to current information from 1 July 2024
The products and disclosure documents listed below are impacted by the 1 July 2024 changes covered on this page.
Document Reference: Product Disclosure Statements (PDS)
PDS Aware Super Future Saver – Employer Sponsored and Personal dated 3 March 2024
PDS Aware Super Future Saver – Police Blue Ribbon dated 3 March 2024
PDS Aware Super Future Saver – Ambulance Officers dated 1 November 2023
Hanbook Reference
Future Saver Investment and Fees Handbook dated 3 March 2024
Future Saver Super Handbook dated 3 March 2024
Non-concessional contribution caps
Non-concessional (after-tax) contributions are tax-free up to a cap of $120,000 pa. If your total super balance at 30 June of the previous financial year is equal to or greater than $1.9 million then your non-concessional contributions cap is $0.
Generally, if you’re under 75 you can bring forward two years of future entitlements, equalling a cap of $360,000 over three years (if your total super balance on 30 June of the previous financial year is equal to or greater than $1.66 million, your eligibility to bring forward is reduced).
Concessional contribution caps
The annual cap for concessional (pre-tax) super contributions is $30,000.
Increase to the Super Guarantee (SG) contribution rate
The law requires Australian employers to pay a percentage of your Ordinary Times Earnings or OTE (generally your gross salary) as Superannuation Guarantee (SG) contributions.
From 1 July 2024, the SG contribution rate increases from 11% to 11.5% for the 2024/25 financial year and is scheduled to increase to 12% in July 2025.
Changes to government co-contribution thresholds
To encourage Australians to build their super, the government has a co-contribution initiative. If you’re eligible the government will contribute $0.50 for every $1 of personal (after-tax) contributions you make into super in a financial year, up to a maximum of $500. The amount you can receive is based on your income and can change each financial year.
From 1 July 2024, the government co-contribution lower income threshold increased from $43,445 to $45,400, and the higher income threshold increased from $58,445 to $60,400 for the 2024/25 financial year.
This means to receive the maximum co-contribution of $500, you have to earn equal to or less than $45,400 in the 2024/25 financial year and you need to make a personal contribution of $1,000. The maximum co-contribution reduces for every dollar of income you earn over $45,400 per annum, phasing out completely if your total income is $60,400 per annum or greater.
To find out more about the government co-contribution initiative, contact the ATO Superannuation Infoline on 13 10 20 or visit ato.gov.au.
Update to tax on withdrawals (preservation age)
As of 1 July 2024, the preservation age for all members is 60 which means the “preservation age but under age 60" tax treatment is no longer relevant.
Update to tax on withdrawals (thresholds)
The upper threshold for the untaxed element has increased from $1,705,000 to $1,780,000.
Scroll table horizontally on mobile
| Age | Tax treatment of taxed element | Tax treatment of untaxed element |
|---|---|---|
| 60 and above | Tax free | Up to $1,780,000 - 15% plus the Medicare levy Over $1,780,000 - top marginal rate plus the Medicare levy |
| Under 60 | 20% plus the Medicare levy | Up to $1,780,000 - 30% plus the Medicare levy Over $1,780,000 - top marginal rate plus the Medicare levy |
The Off Duty Cover amount is increasing
Product Disclosure Statement (PDS) reference:
PDS Aware Super Future Saver – Ambulance Officers dated 1 November 2023
Handbook reference:
Future Saver Insurance Handbook – Ambulance Officers dated 1 November 2023
Change to PDS - Death (including Terminal Illness) Off duty cover
The amount of off duty death (including terminal illness) cover as at 2 July 2022 is currently disclosed on page 9 of the PDS for Ambulance Officers, as shown below:
Scroll table horizontally on mobile
| Cover | Level of cover | Cost to you |
|---|---|---|
| On duty | Up to and including age 60 this is calculated as a multiple of salary. 1 This multiple depends on your age at the time of the insured event. A fixed lump sum equivalent to the off duty amount applies from ages 61 to 69. | Ambulance Service of NSW pays the premium for this cover to Aware Super. |
| Off duty | Off duty Lump sum cover of $426,074 as at 1 July 2022 up to and including age 60. Cover reduces at each age band from age 61 and is nil at age 70. |
1 Refer to the Insurance Handbook – Ambulance Officers for more information about the salary used to determine your sum insured
Change to PDS – Death (including Terminal Illness) Off duty cover effective 1 January 2024
The amount of off duty death (including terminal illness) cover increased on 1 January 2024. The amount of off duty cover from this date is shown in the table below.
Scroll table horizontally on mobile
| Cover | Level of cover | Cost to you |
|---|---|---|
| On duty | Up to and including age 60 this is calculated as a multiple of salary.¹ This multiple depends on your age at the time of the insured event. A fixed lump sum equivalent to the off duty amount applies from ages 61 to 69. | Ambulance Service of NSW pays the premium for this cover to Aware Super. |
| Off duty | $446,053 as at 1 January 2024 up to and including age 60. Cover reduces at each age band from age 61 and is nil at age 70. |
1 Refer to the Insurance Handbook – Ambulance Officers for more information about the salary used to determine your sum insured.
Change to Insurance Handbook - Ambulance Officers Death (including Terminal Illness) Off duty cover
The amount of off duty death (including terminal illness) cover as at 2 July 2022 is currently disclosed on page 54 of the Insurance Handbook for Ambulance Officers, as shown below:
Scroll table horizontally on mobile
| Age last birthday | Lump sum (as at 2 July 2022) |
|---|---|
| Up to and including 60 years of age | $426,099 |
| 61 years of age | $340,880 |
| 62 years of age | $255,660 |
| 63 years of age | $170,440 |
| 64 – 69 years of age | $85,218 |
| 70 years of age | No cover |
Change to Insurance Handbook – Ambulance Officers Death (including Terminal Illness) Off duty cover effective 1 January 2024
The amount of off duty death (including terminal illness) cover increased on 1 January 2024. The amount of off duty cover from this date is shown in the tables below:
Scroll table horizontally on mobile
| Age attained | Lump sum (as at 1 January 2024) |
|---|---|
| Up to and including 60 years of age | $466,053 |
| 61 years of age | $372,843 |
| 62 years of age | $279,632 |
| 63 years of age | $186,422 |
| 64 – 69 years of age | $93,209 |
| 70 years of age | No cover |
Handbook reference:
Future Saver Investment and Fees Handbook dated 3 March 2024, pages 43 and 44.
Changes to Investment and Fees Handbook – Our investment restrictions and exclusions, effective 22 July 2024
On page 43 under the heading "3: Engagement", remove the following wording:
"In some cases, we may consider divestment from a particular sector or company. See the 'Our investment restrictions and exclusions' section for more information."
On page 44 under the heading “Our investment restrictions and exclusions”, replace the following wording:
"These circumstances include:
With the updated wording below:
"These circumstances include where we consider the investment:
Updates to current information from 1 September 2024
The products and disclosure documents listed below are impacted by the 1 September 2024 changes covered on this page.
Product Disclosure Statement (PDS) reference:
PDS Aware Super Future Saver - Employer Sponsored and Personal dated 3 March 2024
PDS Aware Super Future Saver - Ambulance Officers dated 1 November 2023
Handbook reference:
Future Saver Insurance Handbook - Employer Sponsored and Personal dated 3 March 2024
Future Saver Insurance Handbook - Ambulance Officers dated 1 November 2023
Reductions in the cost of insurance
The reductions in this section apply to:
From 1 September 2024, the premium rates for Death only, Death and TPD, and IP cover are reducing. We’ve also lowered some of the insurance category factors, which further reduces the cost of cover. For IP cover, your waiting period and benefit period are also taken into account. The premium rates for IP cover with a ‘to age 65’ benefit period are not changing.
The cost of insurance cover is based on a number of factors:
Refer to the tables below for the premium rates and insurance category factors applying from 1 September 2024.
Cost of Death and TPD cover (Future Saver – Employer Sponsored and Personal, and Future Saver – Ambulance Officers)
The table below shows the annual cost for $1,000 of death and TPD cover, before applying the relevant insurance category factor and any premium loading, from 1 September 2024.
Scroll table horizontally on mobile
Insurance Category factors Death & TPD (Future Saver – Employer Sponsored and Personal, and Future Saver – Ambulance Officers)
Scroll table horizontally on mobile
Cost of IP cover (Future Saver – Employer Sponsored and Personal, and Future Saver – Ambulance Officers)
The table below shows the annual cost for $1,000 of annual IP cover with a 90-day waiting period, before applying the relevant insurance category factor and any premium loading. Other waiting period factors are also shown below.
Scroll table horizontally on mobile
Age last birthday
Benefit period
Age last birthday
Benefit period
2 years
5 years
To age 65
2 years
5 years
To age 65
Income Protection waiting period factors
Scroll table horizontally on mobile
14 days (2-year benefit period only)
Changes to Death (including Terminal Illness), TPD and IP Insurance
The changes apply to the following products:
Scroll table horizontally on mobile
Life Events supporting evidence
You needed to provide a certified document when applying for life events cover.
You don’t need to provide a supporting document when applying for life events cover.
Life Events options
You were not able to apply for life events cover when you reached certain ages.
You can apply for life events cover upon reaching 30, 40 and 50 years of age.
Definition of Limited Cover Conditions
Limited Cover Conditions meant cover was restricted to claims arising from an Illness that first became apparent, or an Injury that first occurred, on or after the date that the cover started or, if the cover recommenced or was reinstated, on or after the date that the cover recommenced or was reinstated.
Limited Cover Conditions means cover is restricted to claims arising from an Illness or Injury that first becomes Apparent on or after the date that the cover started or, if the cover recommenced or was reinstated, on or after the date that the cover recommenced or was reinstated.
Apparent means that you were aware of, or a reasonable person in the circumstances could be expected to have been aware of, the illness or injury.
The Date of Terminal Illness meant the later of the dates on which two Medical Practitioners certified in writing that you were Terminally Ill. Cover must have been held on the date of Terminal Illness.
The Date of Terminal Illness means the earlier of the dates on which two Medical Practitioners certify in writing that you are Terminally Ill, regardless of whether cover is held on the date of the later certification.
Changes to IP Insurance only
The changes apply to the following products:
Scroll table horizontally on mobile
Waiting and Benefit periods available through Basic Plus Cover
You could only apply for IP through Basic Plus Cover with a 2-year benefit period and 60-day waiting period.
You can apply for IP through Basic Plus Cover with a 2 or 5-year benefit period and a 60 or 90-day waiting period.
Maximum cover limits for IP Express and Basic Plus Cover
The maximum amount of IP cover you could apply for through IP Express and Basic Plus Cover:
Scroll table horizontally on mobile
The maximum amount of IP cover you can apply for through IP Express and Basic Plus Cover:
Scroll table horizontally on mobile
| Insurance category | Monthly IP cover limit | |
|---|---|---|
| IP Express Cover | ||
Definition of Other Disability Income
IP benefits were reduced due to Other Disability Income which included sick leave entitlements, and annual and/or long service leave
The definition of Other Disability Income has changed, so that IP benefits are reduced by paid sick leave only. IP benefits are no longer reduced by annual and/or long service leave, Centrelink, Department of Veterans Affairs, or any equivalent or replacement agencies benefits.
The Other Disability Income definition in full is shown below.
Definition of Other Disability Income from 1 September 2024
Other Disability Income means, subject to paragraph (d) and (e) of this definition, any amount which you receive, or are entitled to receive, in connection with, or arising out of, the Injury or Illness causing your Total Disability or Partial Disability, which you may receive or be entitled to receive during a month when a benefit is payable (whereby lump sum, periodic payment or otherwise), whether that amount was actually received or not, including:
a. any amount paid or payable, including any superannuation components:
(i) under another income protection insurance policy, salary continuance insurance policy, loan protection insurance policy, or similar policy, in any jurisdiction
(ii) under any workers’ compensation, motor accident compensation, statutory compensation or similar scheme, however named, in any jurisdiction or other similar state, federal, territory or extraterritorial legislation
(iii) under common law or under state, federal, territory or extraterritorial legislation unless excluded under (d) or (e) below
(iv) as employer-funded sick leave (paid amount only), personal leave or any other employer paid leave in any jurisdiction
b. any out of court settlement sum, or any award of money sum by a court, tribunal, arbitrator or government body in any jurisdiction
c. whether an amount under paragraph (a) of this definition is:
(i) a lump sum, a periodic payment, a combination of a lump sum and a periodic payment, or otherwise or
(ii) in the nature of a capital payment or income payment (as those terms are understood having regard to normal accounting standard and practice)
has no bearing on whether that amount is Other Disability Income or otherwise
d. note that Other Disability Income does not include:
(i) an amount paid or payable under this policy or Return to Employment Income
(ii) Centrelink, Department of Veterans Affairs, or any equivalent or replacement agencies benefits
(iii) any amount paid under an insurance policy providing total and permanent disablement benefits or a terminal illness or critical illness benefits
(iv) annual leave or long service leave or
(v) a pension or annuity paid from a superannuation fund other than a disability pension
whether a lump sum, a periodic payment, a combination of a lump sum and a periodic payment, or otherwise
e. in addition to the amounts, benefits and payments excluded under paragraph (d), the insurer will not consider any portion of an amount paid or payable to you to be Other Disability Income, if you establish to the insurer’s reasonable satisfaction, that it represents or covers compensation for or payment in respect of:
(i) pain and suffering
(ii) the loss of a part, or the use of a part of the body to the extent that such compensation is not income or capital [as those terms are understood having regard to normal accounting standards and practice]
(iii) medical expenses, or
(iv) reasonable legal expenses
and, for clarity, to the extent that you cannot establish to the insurer’s satisfaction, acting reasonably, that any portion of an amount paid or payable to them represents compensation for or payment in respect of those items set out in (i) to (iv) above, the entirety of that amount will be deemed to be Other Disability Income and
f. where Other Disability Income is in the form of a lump sum or is commuted to a lump sum, unless agreed between us and the insurer otherwise, the monthly benefit will be reduced by an amount equal to one sixtieth (1/60) of the lump sum over a period of 60 months or the remainder of the Benefit Period, whichever is the less.
Changes to Ambulance Officers’ Death (including Terminal Illness) Insurance
The changes apply to the following product:
Scroll table horizontally on mobile
How Terminal Illness claims are assessed
You must have a life expectancy of less than 12 months from the date of certification that you were Terminally Ill.
The certification date was considered to be the later of the dates on which the two Medical Practitioners certified in writing that you were Terminally Ill. Cover must have been held on the date both certifications were provided
You must have a life expectancy of less than 24 months from the date of certification that you are Terminally Ill.
The Date of Terminal Illness definition is introduced. The date of Terminal Illness means the earlier of the dates on which two Medical Practitioners certify in writing that you are Terminally Ill, regardless of whether cover is held on the date of the later certification
The products and disclosure documents listed below are impacted by the 1 September 2024 changes covered on this page.
Product Disclosure Statement (PDS) reference:
PDS Aware Super Future Saver – Police Blue Ribbon dated 3 March 2024
Handbook reference:
Future Saver Insurance Handbook – Police Blue Ribbon dated 3 March 2024
Reductions in the cost of insurance
The reductions in this section apply to:
From 1 September 2024, the premium rates for Death only cover are reducing. The cost of this cover is based on several factors:
Refer to the table below for the premium rates applying from 1 September 2024.
Scroll table horizontally on mobile
Age last birthday
Death
15 - 35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64 - 69
Changes to Death (including Terminal Illness) Insurance
The changes apply to the following products:
Scroll table horizontally on mobile
Limited Cover Conditions means cover is restricted to claims arising from an Illness or Injury that first becomes Apparent on or after the date that the cover started or, if the cover recommenced or was reinstated, on or after the date that the cover recommenced or was reinstated.
Apparent means that you were aware of, or a reasonable person in the circumstances could be expected to have been aware of, the illness or injury.
Updates to current information from 1 July 2024
The products and disclosure documents listed below are impacted by the 1 July 2024 changes covered on this page.
Product Disclosure Statement (PDS) Reference:
PDS Retirement Income dated 1 November 2023
Preservation age (This relates to all references to ‘preservation age’ in the PDS)
From 1 July 2024 the preservation age for all new members is 60 years. This is the earliest age you can access your super at retirement (or commence a Retirement Transition account).
Taxes section (page 64 to 67 of the PDS)
From 1 July 2024 preservation age is now 60. This makes content relating to members at preservation age but under 60 no longer applicable (including the examples on page 65).
Income payment processing rule change
Product Disclosure Statement (PDS) Reference:
PDS dated 1 November 2023: Aware Super Retirement Income.
Page 8 – heading ‘Payment frequency’.
The Product Disclosure Statement (PDS) – Aware Super Retirement Income, dated 1 November 2023, discloses that if your income payment date falls on a public holiday or weekend, your payment is processed on the next business day. 1
With the income payment processing rule change that took effect from 6 th February 2024, if your income payment date falls on a public holiday or weekend, your payment will now be processed on the business day before.
1 A business day is all weekdays excluding the following public holidays: New Year’s Day, Australia Day, Good Friday, Easter Monday, ANZAC Day (when it falls on a weekday), King’s Birthday (in June), Christmas Day and Boxing Day.
Updates to current information
Product Disclosure Statement (PDS) reference:
PDS Retirement Income dated 1 November 2023, pages 46 and 47.
Changes to our investment restrictions and exclusions, effective 22 July 2024
On page 46 under the heading "3: Engagement", remove the following wording:
"In some cases, we may consider divestment from a particular sector or company. See the 'Our investment restrictions and exclusions' section for more information."
On page 47 under the heading “Our investment restrictions and exclusions”, replace the following wording:
"These circumstances include:
With the updated wording below:
"These circumstances include where we consider the investment: