NT Superannuation Office
A division of Northern Territory Treasury, the NT Superannuation Office administers the Northern Territory Government and Public Authorities Superannuation Scheme (NTGPASS); the Northern Territory Supplementary Superannuation Scheme (NTSSS); the Legislative Assembly Members' Superannuation Scheme (LAMS); the Northern Territory Police Supplementary Benefit Scheme; the Northern Territory Administrators Pensions Scheme; and the Northern Territory Government Death and Invalidity Scheme (NTGDIS).
AGEST, the Northern Territory Government default superannuation fund is not administered by the NT Superannuation Office. To speak to an AGEST member service officer, phone 1300 724 378 or visit the AGEST website www.agest.com.au.
Our focus is to deliver quality superannuation services in an efficient
manner which meets the expectations of fund beneficiaries, members and
employers. Our operating hours are 8:00 am to 4:20 pm Monday to Friday.
What's New
NTGPASS Benefit
Payments - Christmas Closure
2009 Member
Information Statements - Available Online
2008-09 Annual Reports
2008-09 Member Information
Statements
Budget 2009 - Key Superannuation Changes
NTGPASS Benefit Payments - Christmas Closure
We wish to advise that the Superannuation Office will suspend benefits processing over the Christmas period.
Superannuation Payments
The last benefit processing date for 2009 will be 15 December. Benefits processing will recommence early in the New Year with the first processing date being 5 January 2010. If you are considering rolling over or claiming all or part of your NTGPASS benefit prior to Christmas, please contact the Superannuation Office to discuss.
Pension Payments
Regular pension payments will continue during this period, ie payments due on 28 December 2009 and 14 January 2010 will be made as usual. Should you require a lump sum withdrawal from your pension account prior to Christmas, please contact the Superannuation Office as soon as possible.
If you would like further information or have any queries, please
contact the Superannuation Office on (08) 89014200 or free-call 1800
631630.
2009 Member Information Statements -
Available Online
2009 NTGPASS Member Information Statements are now available electronically. This service is only available to active contributing members of the NTGPASS via the internal NT Government Intranet.
Please note that access is limited to employees of agencies using ePASS.
To download a copy of your statement, please go to http://uluru.nt.gov.au, click on 'Online Systems', then 'NTGPASS Online Member Statements'. You will require your ePASS login and password.
If you have any questions regarding your 2009 Member Information Statement, please contact the Superannuation Office on (08) 89024200.
2008-09 Member Information Statements
Mail out of the 2008-09 Member Information Statements commenced on 11 September 2009. However, a number of errors in the statements for active NTGPASS members have been identified. As a result, the benefit details on these statements received are likely to be incorrect and should be disregarded.
Statements for active members are being re-printed now and will be
sent out during the week commencing 14 September 2009. We apologise for
any inconvenience that this may cause. If there is an urgent need for a
statement in the meantime, please contact the Superannuation Office on
8901 4200. We also hope to have statements available on-line by 18
September 2009.
Budget 2009 - Key Superannuation Changes
A number of changes to superannuation were announced in the 2009 Federal Budget. The key changes are:
Concessional Contributions
From 1 July 2009 the concessional contribution caps will be reduced from $50,000 to $25,000 (indexed) per annum.
The transitional arrangements for those aged over 50 will be reduced from $100,000 (applicable until June 2012) to $50,000. From 1 July 2012, the lower cap of $25,000 will apply regardless of age.
Notional Taxed Contributions
As advised in last year's Report to Members, as the NTGPASS is a defined benefit scheme, a notional amount of contributions, known as notional taxed contributions, count towards the concessional caps. The Commonwealth's policy intent on concessional caps was that the limit would not include the employer component of unfunded schemes such as NTGPASS. However, the legislation does not reflect this and at this time, the NT Superannuation Office is awaiting a decision by ATO on whether the legislation will be amended. In the meantime, members have been advised to take into account a notional concessional contribution of 9.6% of their contribution salary.
The budget announcement has indicated that for members of defined benefit schemes, arrangements will stay in place for certain members whose notional taxed contributions would otherwise exceed the reduced cap. The NT Superannuation Office is currently awaiting clarification on this announcement and will provide further information to members when it becomes available.
Non-concessional Contributions
There is no change to the limits on non-concessional (after-tax) contributions. This amount will remain at $150,000 for 2009-10 and will be set at 6 times the concessional contribution limit. Therefore, it will only increase when the $25,000 cap is increased by indexing.
Co-contributions
The Government Co-contribution Scheme will be reduced to 100% of eligible contributions for 2009-10, 2010-11 and 2011-12 financial years, with the rate increasing to 125% of contributions for the 2012-13 and 2013-14 financial years and returning to its former level of 150% for the 2014-15 financial year.
Pensioners - Pension Drawdown Relief
The measures to allow pensioners to halve the minimum amount of pension they must drawdown have been extended to include the 2009-10 financial year.
More information about other budget changes affecting superannuation is available from the Commonwealth Treasury website http://www.budget.gov.au/