Triple S

Triple S

For over 25 years, the Triple S Scheme has been the default super scheme for South Australian Government employees. Triple S stands for Southern State Superannuation Scheme.

  • The Triple S Scheme is an untaxed super fund which means your clients don’t pay tax upfront . In line with rules for untaxed funds, your clients will only be taxed when entitlements are paid out.

    Members are unable to claim tax deductions on any personal contributions they may make.

  • The Triple S Scheme has no annual concessional contribution caps, however, a lifetime cap of $1.615m applies (read the Triple S PDS for further details).
  • Triple S also offers a variety of investment options which will allow your clients to take more control of their futures. They can choose a single investment option, a combination of options or invest future contributions in a variety of options as they wish. You can find the investment options switching form here.
  • Triple S allows your clients to create accounts for their partners as ‘spouse members’, even if their spouses do not work as SA public sector employees.
  • The Government Co-Contribution scheme rewards your clients with a contribution of up to $500 if they make a voluntary after-tax contribution. The main prerequisite is that they earn less than $56,112 in the 2021/22 financial year.
  • Members of Triple S are unable to access the Low Income Super Tax Offset (LISTO) or First Home Super Saver (FHSSS) Scheme. These benefits are available to members of our Select and Flexible Rollover Plan schemes.
  • Super SA offers products to help your clients transition to retirement while potentially saving on taxes. Your clients have Income Stream options via EATS (Early Access to Super) and can rollover once they reach their Commonwealth Preservation age. Click here for more information about EATS.

For detailed information about the Triple S Scheme, click through to any of the below

Triple S scheme fact sheets

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