Luke on 2CC – Can I make a tax-deductible contribution to my super if I am a member of the PSS?

Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, which aired live on Friday 22 August 2025. The topic for this week is: Can I make a tax-deductible contribution to my super if I am a member of the PSS? Luke is joined by Leon of 2CC to talk about this important topic for PSS members, which is costing many members lots of money and financial planning outcomes for their retirement.



Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.



Key topics covered include:




• What is the PSS – or Public Sector Superannuation Scheme?


• Are there any other government super schemes?


• How generous is the PSS? Should I contribute to it?


• The BIG myth: “I’m in the PSS and I contribute, that’s all I can do”. 


• Don’t forget about concessional contributions limit amount of $30k. Page 5 of your PSS statement will show much you’ve already used. 


• You can contribute to another super fund, up to your concessional contribution limit, and you can claim a tax deduction for that amount each year! You need to make this contribution to another super fund (not the PSS, as the PSS doesn’t accept these types of contributions).


• How do I make a concessional contribution to another super account so I can get my tax deduction?


• Don’t forget to lodge your notice of intent to claim a tax deduction with this super fund.


• The PSS won’t tell you about this, because they don’t talk about other super funds.


• Are there any other opportunities around setting up a second fund I should know about it if I am a PSS member? 


• Luke shares his top tips around contributions and the PSS. 


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Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’



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Are you really making the most of your super if you’re a PSS member or do you need retirement planning advice?

In our experience, most PSS members aren’t making the most of their super opportunities and as a result, are not planning for retirement as well as they could be. Make an appointment to meet with Luke if you need help.


Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us (https://www.envisionfinancial.com.au/...) form to make an appointment, for a confidential discussion about your own goals and situation. Luke can also refer you to a mortgage broker should you wish to re-structure your loan or compare the market. Your current bank will never compare the market for you!



Luke will return to 2CC to talk about other ‘Money Matters’ next week, we hope you can join us. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.



We look forward to your company again. Luke’s book Smart Money Strategy is out now.   (https://www.envisionfinancial.com.au/...)
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