Defined contribution schemes

A defined contribution fund (or an accumulation fund), means that a member’s account balance equals any contributions to the fund plus earnings, less taxes and fees.

Set out below are SuperGuide articles explaining Defined contribution schemes.

Defined benefit fund members: Are we subject to contributions caps?

definedbenefitscap

Q: My question is about a member’s notional superannuation account’s yearly value amounts. Are these "Notional amounts" that the (long time) employee will receive, but not yet physically accrued in their superannuation account, are they then included in the individual’s concessional cap? If … [Read more...]