If you received a pay rise recently you could use it to boost your super...

Just adding part of your recent pay rise to your Super SA account may make an important difference to your final super balance – and the kind of life you live when you retire.

If you're already making personal contributions, consider whether you could increase the amount, even if it is only by a few percent. If you're not, now may be a good time to start.  

If you’re a Triple S member you have two options. You can make:

Each option has potential benefits and tax implications.
Use the Personal Super Contributions Calculator to see what may work best for you.

 Triple S - to start just fill out the form:

 

If you’re a Pension or Lump Sum Scheme member you're already making after-tax contributions but you can take advantage of salary sacrifice as well.

 

 Super SA Select members can also choose from:

 

Did you know?

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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 funds1. Rather than those contributions being subject to an annual cap (currently $25,000), they are subject to a lifetime cap (currently $1.515 million – indexed annually).

  

If you'd like to discuss your options, our Member Services Team can give you more information.
You can call them on (08) 8207 2094.

 

   

1. If you also receive concessional contributions in a taxed fund, any concessional contributions made to Triple S will be counted towards your concessional contributions cap.

Please note: Super SA is not required to hold an Australian Financial Services Licence to provide general advice about its products. The information in this e-communication is of a general nature only and does not take into account your particular objectives, financial situation or needs. Super SA recommends that you read the relevant Product Disclosure Statement (PDS) and seek professional advice from a licensed financial adviser in relation to your financial position and requirements before you make any decisions. Please refer to the relevant PDS for details of any cooling off rights that may apply.