Salary sacrifice

Lower your income tax

Generally, salary sacrifice contributions are taxed at 15% when contributions are paid into your super account, which may be lower than your marginal tax rate. It also reduces your taxable income, as salary sacrifice contributions are deducted from your before-tax salary.

Save more in super

With a salary sacrifice agreement in place, you will be saving more for retirement, which will be compounding over time. This could allow you to arrive at a financially sound place, sooner than later. When you’re ready to retire and live your best life, you’ll be better prepared financially.

Take advantage of no annual cap¹

With Triple S, members can take advantage of the rare benefit we offer which allows you to contribute much more to your super each year. With most super funds, an annual contribution cap of $27,500 applies. However Triple S members have a lifetime cap, but no annual cap¹. This is a great way to turbo-boost your super as you’re nearing retirement.

What’s the benefit of no annual salary sacrifice contribution cap?¹ 

There's different caps that apply to how much you can salary sacrifice into Triple S.

Rather than concessional contributions being subject to an annual cap (currently $27,500), you are subject to a lifetime cap ($1.705 million - for the 2023/24 financial year) in Triple S. If you also receive concessional contributions in a taxed fund, any concessional contributions made to Triple S will be counted towards your annual concessional contributions cap.

Refer to the Triple S Product Disclosure Statement and Reference Guide for further information.

With this benefit, you could significantly increase the amount you've saved in superannuation through compounding returns over a long period of time.

What’s the benefit of untaxed contributions with Triple S?

If you salary sacrifice into the Triple S scheme, rather than paying 15% tax up front on your contributions, tax is deducted when you withdraw from the fund in accordance with the Australian Taxation Office rules for untaxed funds. Unlike other super funds, this allows your super to grow over time with your untaxed dollars.

This is subject to applicable tax rates, which will depend on whether you roll over, or if you cash out, and will also depend on your commonwealth preservation age. Further information about is available in the Triple S Reference Guide.

If the sum of your income and relevant concessionally taxed contributions is over $250,000 per year, you'll be taxed at 15% of your relevant concessional contributions above the $250,000 threshold. You'll receive notification from the Australian Taxation Office (ATO) advising you of the amount payable and your payment options. More information is available in the Super SA Division 293 Tax fact sheet and on the ATO website.

Step 1: Fill in the Salary Sacrifice form

Want to salary sacrifice directly to Super SA? Decide on a set dollar amount or percentage to salary sacrifice. Filling in the form is easy.

Download the form.

Step 2: Give the completed form to your employer or HR delegate

If you’re not sure who to give the form, just ask your immediate manager. They should know where the form needs to go.

Step 3: Your employer or HR delegate will complete the employer declaration for you 

After you’ve given the form to your employer or HR delegate, the employer declaration, section 5, will be filled in by your employer or HR delegate. They’ll also hand the completed form to your agency's payroll to process. Shared Services or Payroll will action the completed form and they’ll adjust your salary as per your instructions in the form and the employer will deduct a $44 fee.