Triple S

Triple S

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

As a member of the Triple S Scheme, you have access to a range of special benefits. These include:

iStock-487735416_640x350.jpg


No tax paid up-front

As a tax deferred super fund, tax is generally calculated upon leaving the scheme or when you withdraw funds.

iStock-1162938835_640x350.jpg


Competitive investment returns

As at 30 June 2021, the default Balanced investment option returned1

1 year – 21.6%.

10 year - 9.32%



iStock-1250307252_640x350.jpg
No ann
ual contribution caps 

Grow your super and potentially reduce income tax by making before-tax (concessional) contributions. In Triple S, there are no annual concessional contribution limits.2

Awards and Ratings

Superratings-Gold_800x240.pngTriple S has received a gold rating recognising it as a "good value for money" product3. SuperRatings describes it as a well balanced fund offering a genuinely low fee structure and providing excellent value across all account balances.
Super-2021-5-apples_800x300V1.pngTriple S has also been awarded the highest rating of 5 Apples from specialist superannuation research and consultancy firm, Chant West4. This rating recognises quality super funds based on industry best practice in areas such as organsiation strengths, investments, fees, insurance, administration and member services.



Competitive fees and costs 

As a not for profit fund, our fees are competitive.

Unit Prices1.jpg
Administration fees and costs

$1.35 a week

Plus an asset-based fee of 0.05%p.a. of your
Triple S balance (to a maximum of $325 per year)

Superannuation.jpg
Investment fees and costs

0.76%p.a.

Online calculator.jpg
Transaction costs

0.06%p.a.

The above fees and costs are for default investment option, Balanced. For more information about fees, please refer to the Triple S Reference Guide.

Triple S’ investment options

The Triple S Scheme offers a range of investment options to suit everyone’s needs. Each option is designed to achieve different investment objectives putting you in control.

You can choose:
• One or a combination of investment options
• Invest future contributions, and existing balance, into different options

The Balanced investment option is the default option. However, this may not necessarily be the right option for you.

Insurance

Most Triple S members will be provided automatically with Income Protection and Death and Total and Permanent Disablement (TPD).


Access to Income Protection Insurance

You may receive up to 75% of your notional salary as income if you become ill or injured and are unable to work5. Premiums are deducted from your superannuation account balance.


Find out more

Access to Income Protection Insurance
Access to Income Protection Insurance


A choice in the level of your Death and TPD Insurance

Most members can increase5, decrease or cancel their Total & Permanent Disablement and/or Death Insurance at any time up until you’re 70. Premiums are deducted from your superannuation account balance.


Find out more
A choice in the level of your Death and TPD Insurance
A choice in the level of your Death and TPD Insurance

Accessing your super

If you’re approaching the age of 596, surpassed it, or have stopped working and are over the age of 55 to embrace your best future, you may have considered how you’ll access your super.

As a Triple S Scheme member, you can access your super in several ways

iStock-976657928_Income_stream_640x250.jpg
Super SA Income Stream

Decide how much and how often you receive money to pay for the things that make life comfortable - or withdraw money in lump sums whenever it suits you.7

Find out more about the Super SA Income Stream 

iStock-1192769269_Flexible_rollover_640x250.jpg
Super SA Flexible Rollover Product

Consolidate your super and savings in a tax-effective environment. Further grow your super while you’re making decisions about your future.

Find out more about the Flexible Rollover Product

If you need to access your super early due to difficult circumstances, you may qualify for an early release of benefit under financial hardship or compassionate grounds. Click here to find out more about more about financial hardship/compassionate grounds

Frequently asked questions about Triple S

  • Triple S stands for the Southern State Superannuation Scheme. The Triple S Scheme has been the super scheme for South Australian Government employees since 1 July 1995.
  • Not while you’re still employed by the South Australian Government.
  • Your partner or spouse may be eligible to join Super SA too.9  

    There are two ways to create a Triple S spouse account:

    1. Make a member or spouse contribution to the Triple S Scheme for a minimum of $50110
    2. Make a contribution split from your Triple S account to your spouse for a minimum of $50210

    After the spouse account has been established, your spouse/partner will be able to receive further spouse contributions from you, subject to eligibility5.

    They’ll also be able to receive —

    • Contribution splits10
    • Personal after-tax member contributions8
    • Commonwealth Government Co-contributions5
    • Rollovers from a complying super fund9
  • A contribution split lets you split your employer and salary sacrifice contributions with your spouse11 - but only within the Triple S Scheme. You cannot split into other super funds.

  • Moving on

    If you take a Targeted Voluntary Separation Package (TVSP) your entitlement will depend on your age.

    Under 55

    If you are under 55, you can either:

    • preserve the entire amount in Triple S or
    roll it into a complying super fund, such as the Super SA Flexible Rollover Product

    Further information on your options can be found in the Triple S PDS.

    You may also claim your super if you held a temporary resident visa and have permanently left Australia11..

    Over 55

    If you are over 55 you have the following options for your super balance:

    It’s important you are aware that your Co-contribution Account and any part of your Rollover Account that was subject to preservation before it was rolled into Triple S will still be subject to Commonwealth Government preservation rules. This means that, depending on your age and circumstances, you may have to wait longer to access this portion of your entitlement.

    Before claiming your entitlement you should consider the benefits of investing in the Super SA Income Stream, so that your money can keep growing as you transition to and throughout your retirement.

    You should also consider getting some professional financial advice to help you make the right decisions for your circumstances.
  • Moving on
    If you resign from the SA public sector before age 55 (50 for police officers) you have the following options for your account:

    You can either:

    You may also claim your super if you held a temporary resident visa and have permanently left Australia.

    Further information on your resignation options can be found in the Triple S PDS available below.

    It’s important you're aware that your Co-contribution Account and any part of your Rollover Account that was subject to preservation before it was rolled into Triple S will still be subject to Commonwealth Government preservation rules. This means that, depending on your age and circumstances, you may have to wait longer to access this portion of your entitlement.

    If you choose to preserve your super in Triple S, it will remain preserved until you claim your entitlement. At age 55, you can claim your Triple S preserved entitlement11, however access to any amounts subject to Commonwealth Government preservation rules remains governed by those rules.

    You should complete an Application for Payment of Entitlement form within 3 months of resignation to inform Super SA of your decision.

    Regardless of your age or when you resign, your preserved entitlement can be rolled over into a complying super fund, like the Super SA Flexible Rollover Product, at any time.

    Use the Triple S Benefit Projector to estimate your potential resignation entitlement.

    You should also consider getting some professional financial advice to help you make the right decisions for your circumstances.

  • In response to the Commonwealth’s Protecting Your Superannuation (PYS) Package, Super SA has introduced a number of measures aimed at protecting low-balance accounts from being eroded by fees, and helping you keep track of any inactive or lost super. 

    To learn more about Super SA's response to the Commonwealth’s Protecting Your Superannuation (PYS) Package, please click here.

Important things you should know

1 As at 30 June 2021 (returns after investment fees but before tax). Past performance is not indicative of future performance.
2 Subject to lifetime contributions cap of $1.615 million applies in 2021/22.
3  SuperRatings does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria.
4 The scores used by Chant West to derive the ratings are subjective scores that have been awarded based on data (including historical financial performance information) supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such data. Past performance is not a reliable indicator of future performance. The Chant West rating does not constitute financial product advice. However to the extent that the information may be considered to be general financial product advice then Chant West warns that: (a) Chant West has not considered any individual's objectives, financial situation or particular needs; and (b) individuals need to consider whether the advice is appropriate in light of their goals, objectives and current situation.
5 Subject to eligibility.
6 Commonwealth preservation rules are different from preservation rules in Triple S. You need to be aware of this if you are rolling money out of Triple S and into the Super SA Flexible Rollover Product or another super scheme. Police officers can access their employer and member accounts at age 50 or over if they have retired from SA Police. Other SA government employees can access their employer and member accounts at age 55 if they have retired from the SA public sector. For further information on tax components and how Commonwealth Government preservation age can affect taxation of a benefit payment please refer to the Triple S Reference Guide.
7 Minimum draw down limits and preservation rules apply. For further information please read the Super SA Income Stream Product Disclosure Statement.
8 Subject to non-concessional contribution cap and Total Super Balance.
9 Spouses will not be able to roll their benefit out, as Triple S spouse accounts have different rules to other funds (linked to the member or turning age 65). Spouses cannot leave their benefit in a Triple S scheme once a member ceases their employment and must roll out of Triple S or have their benefit paid subject to eligibility criteria.
10 Subject to eligibility and relevant caps. Spouse accounts must have a balance greater than $1000 after each contribution split.
11 Tax may be payable on withdrawal. 

The information shown on this website is general information only. We haven’t considered your needs or objectives when providing the information. You should assess your own financial situation and needs and read the relevant Product Disclosure Statement before deciding about products on this website.

Talk to us

Click below to speak to our friendly Member Services team.