CONTRIBUTION TYPES

Westscheme accepts all types of superannuation contributions, such as:

• Superannuation Guarantee (Employer contributions)
• Member After-Tax (After tax personal contributions)
• Salary Sacrifice (Before tax contributions)
• Spouse Contributions
• Self-employed Contributions (Personal contributions)

If a Westscheme Participating Employer pays a contribution for an employee who is not already a member, we will establish a new account and notify the employee of their new account details. If you are not yet a Westscheme Participating Employer, please see the section on How to join as a Participating Employer.

Alternatively, you can send in your employee's contributions with a completed Member Application Form.

In summary, Westscheme:

• invests all contributions received for members and other amounts transferred into their accounts;
• allocates Net Investment Performance (NIP) rates (which can be negative or positive);
• pays taxes due;
• maintains insurance cover as applicable;
• deducts fees;
• pays benefits as authorised by law;
• maintains member records; and
• keeps members informed about their superannuation.