Ever worked anywhere else?
If you’ve ever had another job, even just part time when you were studying, chances are you’ve left behind a super account you barely knew you had. That’s money, and it’s yours.
Rolling in super from other funds means you’ll have more of your money working for your future, by paying fewer super fees, while also benefitting from being with a fund that has a 100% focus on members and a record of delivering strong long-term performance1.
Consolidating through myGov
- Simple, easy and can be consolidated in less than a week
- Sign in or create a myGov account here and link it to the Australian Tax Office (ATO)
- For Super SA USI and ABN details click here
- Go to the 'Super' tab to view details of your super accounts and then click on 'Transfer'
* While you are employed in the SA public sector, you can’t roll your Super SA account over into an external superannuation fund.
Consolidate through Super SA
- Complete one Consolidate your Super Form for each super account you want to roll in
- Send your form(s) to Super SA and we will organise the transfer with your other super fund(s).**
** Roll ins requested on the paper form usually take up to 14 business days.
You can find more information about the pros and cons of rolling your super in to Triple S at supersa.sa.gov.au/rolling_in.
Things to be aware of
- Make sure to check if you’ll be losing any other benefits, like insurance, before deciding to consolidate, as well as any tax implications that might be applicable to you.
- While you're still employed in the SA public sector you can’t access your Rollover Account, including non-preserved amounts. When you leave the SA public sector, your Rollover Account can be paid to you subject to Commonwealth preservation rules. Super that you roll in from other funds will be deposited into your Rollover Account.
Did you know?
Triple S is an exempt public sector super scheme (EPSSS) and is also constitutionally protected. This means that your contributions are taxed differently to other funds (such as APRA regulated funds), which may benefit you.
Why? Instead of your employer and salary sacrifice contributions, and earnings being taxed on entry into your account (as with taxed funds), taxation is applied upon withdrawal. Therefore you get the benefit of compounding investment returns on a higher account balance throughout your membership.
Plus, concessional contributions made to Triple S are exempt from concessional contribution caps that apply to members of taxed funds2. Rather than those contributions being subject to an annual cap (currently $27,500), they are subject to a lifetime cap (currently $1.615 million – indexed annually).
1It is important to remember that past performance should not be taken as an indication of future performance.
2If you also receive concessional contributions in a taxed fund, any concessional contributions made to Triple S will be counted towards your concessional contributions cap.
The superannuation schemes administered by Super SA are exempt public sector superannuation schemes and are not regulated by the Australian Securities and Investments Commission (ASIC) or the Australian Prudential Regulation Authority (APRA). Super SA is not required to hold an Australian Financial Services Licence to provide general advice about a Super SA product. The information in this publication is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Super SA recommends that before making any decisions about its products you consider the appropriateness of this information in the context of your own objectives, financial situation and needs, read the Product Disclosure Statement (PDS) and seek financial advice from a licensed financial adviser in relation to your financial position and requirements.