Public Sector Superannuation Accumulation Plan — superannuation fund performance
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Public Sector Superannuation Accumulation Plan reported A$30.7bn of total assets for 174,521 member accounts (average balance A$173k) in APRA's fund-level statistics for the year to 30 June 2025, with a one-year rate of return of 10.5%.
| Total assets | A$30.7bn |
| Member accounts | 174,521 |
| Average member balance | A$173k |
| 1-year rate of return | 10.5% |
| 5-year rate of return (annualised) | 8.4% |
| 10-year rate of return (annualised) | 6.9% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, Public Sector Superannuation Accumulation Plan ran on an operating expense ratio of 0.1% — the running cost per dollar of savings (0.5% is 50 cents per A$100 a year). Payments to related parties — companies connected to the fund's own trustee or owner group — came to A$3.8m, equal to roughly 14.7% of its administration bill (a related-party payment is disclosed, not improper — but it is worth knowing who the fund pays).
| Operating expense ratio | 0.1% |
| Investment expense ratio | 0.0% |
| Administration and operating expenses | A$26.0m |
| Executive remuneration (expensed to the fund) | A$398k |
| Director remuneration | A$49k |
| Payments to related parties | A$3.8m |
The annual performance test
Every year the regulator tests most super products against a benchmark portfolio — fail twice and the product must close to new members. As at 30 June 2025, 6 of this fund's products and options were tested, and every one of them passed:
| Product / option | Type | Test result | 10-yr return | Admin fee |
|---|---|---|---|---|
| PSSap MySuper | MySuper | Pass | 6.9% | 0.1% |
| PSSap Choice - Accumulation — PSSap Aggressive | Choice | Pass | 8.6% | 0.1% |
| PSSap Choice - Accumulation — PSSap Income Focused | Choice | Pass | 5.3% | 0.1% |
| PSSap Choice - Accumulation — PSSap Balanced | Choice | Pass | 6.9% | 0.1% |
| PSSap Choice - Accumulation — PSSap Income Focused | Choice | Pass | 5.3% | 0.1% |
| PSSap Choice - Accumulation — PSSap Aggressive | Choice | Pass | 8.6% | 0.1% |
Does the insurance pay out?
Most super accounts carry insurance, paid from your balance. The admittance rate is the share of finalised claims the insurer accepted in the year to 30 June 2025 — the single best number for "does this cover actually pay". Over the year it collected A$123.0m in premiums and paid out A$90.4m in claims (claims paid in a year often relate to earlier years' cover, so this is a cash-flow picture, not a loss ratio).
| Cover type | Claims accepted (1-yr) | Claims paid | Premiums collected | Insurer |
|---|---|---|---|---|
| Life insurance (death cover) | 98.6% | A$13.5m | A$26.2m | AIA |
| Total & permanent disability (TPD) | 95.3% | A$32.0m | A$32.5m | AIA |
| Income protection | 96.8% | A$44.8m | A$64.2m | AIA |
The gender gap in this fund
In Public Sector Superannuation Accumulation Plan, women's average balance was 16.3% lower than men's — from the fund-level member demographics APRA last published for the year to 30 June 2022:
| Average balance — female members | A$120k |
| Average balance — male members | A$143k |
| Member accounts (female / male) | 86,777 / 63,257 |
Compare Public Sector Superannuation Accumulation Plan with similar funds
The funds closest to Public Sector Superannuation Accumulation Plan in size, side by side — each with its own page for the fees, insurance and performance-test detail:
| Fund | Assets | 1-yr return | 10-yr return | Why comparable |
|---|---|---|---|---|
| Local Authorities Superannuation Fund | A$31.0bn | 7.0% | 6.8% | Similar size |
| Telstra Superannuation Scheme | A$29.0bn | 9.1% | 6.2% | Similar size |
| Brighter Super Fund | A$36.8bn | 10.3% | 6.6% | Similar size |
| Team Superannuation Fund | A$23.3bn | 10.0% | 6.6% | Similar size |
| Netwealth Superannuation Master Fund | A$38.0bn | 9.0% | 4.8% | Similar size |
| equipsuper | A$38.2bn | 10.2% | 6.5% | Similar size |
Questions this page answers
How big is Public Sector Superannuation Accumulation Plan?
Public Sector Superannuation Accumulation Plan held A$30.7bn in total assets for 174,521 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has Public Sector Superannuation Accumulation Plan delivered?
Public Sector Superannuation Accumulation Plan reported a 10.5% one-year rate of return, and 6.9% a year over the past ten years, at whole-of-fund level in the APRA fund-level statistics.
What does Public Sector Superannuation Accumulation Plan charge in fees?
Public Sector Superannuation Accumulation Plan reported an operating expense ratio of 0.1% and an investment expense ratio of 0.0% for its reporting year ended 30 June 2025 — the running cost per dollar of savings (APRA fund-level statistics).
Did Public Sector Superannuation Accumulation Plan's products pass the performance test?
6 of Public Sector Superannuation Accumulation Plan's products and options were tested against the regulator's annual performance test as at 30 June 2025, and every one passed.
Does Public Sector Superannuation Accumulation Plan's insurance pay out?
In its latest reported year Public Sector Superannuation Accumulation Plan's default cover collected A$123.0m in premiums and paid A$90.4m in claims, per the APRA fund-level statistics.
See also: Australian super in numbers — marketing spend, expenses, the gender gap and two decades of consolidation across all APRA-regulated funds · all tracked plans.