Information for Financial Planners

If your clients are active Triple S Scheme (including Super SA Select members) under the age of 65, they may be eligible for Income Protection benefits.

Casual employees do not automatically receive Income protection cover but can apply.

To learn more about cover that may be available to them, read the Income Protection page here.

The majority of Triple S members are provided with three default units¹ of Standard Death and Total & Permanent Disablement (TPD) Insurance until the age of 70.

Being a combined cover, this means it isn’t possible for members to elect to have Death only (or TPD only) insurance.

Standard units buy a level of cover that decreases with age.

Members are able to increase their cover by applying for additional standard units or switch to the Fixed Benefit insurance option.

With Fixed Benefit insurance, members are able to purchase a fixed level of cover that will remain the same until they reach the age of 70. The premiums for this cover increase each year.

For more information, refer to Death & TPD and Death Only Insurance fact sheet available here, and view the pages below.

As Triple S is an untaxed scheme, members are not able to claim a tax deduction on after-tax contributions.

As an alternative, they are able to use either Super SA Select or Super SA Flexible Rollover Plan (FRP) to claim after-tax contributions as these are taxed funds.

For more information about these taxed schemes, refer to —

If you’re in need of detailed information in regard to nominating a beneficiary, we recommend that you look at the Product Disclosure Statement for your client’s specific scheme.

In the Triple S Scheme death benefits are normally payable to the member’s spouse or putative spouse following death. Members cannot nominate a beneficiary but can nominate a legal personal representative (estate) to receive the benefit on their death.

The legal personal representative is the person appointed as the executor or administrator of their estate, following their death.

By nominating a legal personal representative, the member's death benefit will be paid to their estate, rather than directly to their spouse, and distributed according to their Will and  Statutes. Legal personal representative nominations are valid for 3 years, at which time they can be renewed or they will cease to be valid.

If a member does not have a valid legal personal representative nomination in place with Super SA at the time of their death, their superannuation entitlement and any insurance component will be paid to their spouse or, if they have no spouse, to their estate.

A member should ensure that their Will reflects their wishes regarding the distribution of their estate.

The rules can be different for each of our schemes. Please refer to the relevant Product Disclosure Statements for more information.