Important information: Triple S
Important information
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At Super SA we’re committed to helping you grow your super so you can live your best life in retirement.
This page provides a summary of key information about Triple S, to help you get started on your super journey with us. Please read this information along with the following documents.
Product Disclosure Statement (PDS)
Contains important information about your Triple S account. Contact us if you'd like to request a paper copy.
Download PDS >
Reference Guide
The Reference Guide forms part of the Triple S PDS.
Download Reference Guide >
Investment Guide
The Investment Guide forms part of the Triple S PDS.
Download Investment Guide >
Insurance
This insurance information forms part of the Triple S PDS.
Your investment options
Triple S members are automatically invested in the Balanced option when they join, however there are six other options to consider and you can invest in more than one.
Triple S investment options include:
• High Growth- Socially Responsible
- Balanced
- Moderate
- Stable
- Capital Defensive
- Cash
You will remain in the Balanced option unless you change your investment option.
This does not apply to Non-Member Spouse accounts (this type of account is opened purely to facilitate the splitting of super assets). Super in this type of account is invested in the same option(s) as the primary member (known as the ‘member spouse’) unless you change your investment option.
For more information and before you make any decisions, please see the Triple S Investment Guide.
Consider seeking financial advice when deciding on the investment options that are right for you.
Understanding fees and costs
There are various fees and costs that may be charged on your Triple S account. We manage these costs carefully to keep your administration fees as low as possible.
Administration fees and costs
$1.35 a week. This is deducted from your account balance, weekly.
Plus, an asset-based fee of 0.05% p.a. of your Triple S balance (to a maximum of $325 p.a.). This is deducted from your account balance, monthly.
Plus, 0.05% p.a. of your Triple S balance is deducted from investment returns before they are allocated to your account in order to support the Operational Risk Reserve (ORR). The purpose of the ORR is to maintain adequate financial resources to protect members from operational failures.
Investment fees and costs
Between 0.05 and 0.71% p.a. of your Triple S balance, depending on your investment option(s). This is deducted from investment returns before they are allocated to your account.
Transaction costs
Between 0 and 0.11% p.a. of your Triple S balance, depending on your chosen investment option(s). This is deducted from investment returns before they are allocated to your account.
Low account balance protection
If your Triple S account balance is less than $6,000 at the end of the financial year (or on closing your account), the total combined amount of administration fees and costs, investment fees and costs, and transaction costs charged to you are capped at 3% of the account balance, subject to a maximum refund limit of administration fees deducted from your account during the year.
Insurance premiums
If you hold insurance, your premiums will be deducted from your super account. Check your Welcome Letter to see if you have insurance in your super and refer to the insurance section below or the Triple S insurance fact sheets for more information.
Other fees may apply
Other fees that may be deducted from your account could include activity fees, financial advice fees or Family Law fees, if applicable. These will depend on the nature of the activity or advice chosen by you.
For more information about Triple S fees and costs, please see the Triple S PDS and Triple S Reference Guide.
Insurance through super
The type of Triple S account you have will determine your insurance options and if insurance has been automatically provided to you. To learn more, click the relevant tab below.
Use this guide to confirm which type of account you have:
- SA Police is exclusively for currently employed SA Police officers.
- SA Ambulance is exclusively for Operational SA Ambulance employees.
- If your spouse/partner (a Triple S member) opened an account on your behalf, you have a Spouse Member account.
- If your Triple S account was opened to facilitate salary sacrifice contributions you have a Salary Sacrifice Member account.
- Click on Triple S if none of the above applies to you.
Triple S
With Triple S you may receive Income Protection plus Death and Total and Permanent Disablement (Death and TPD) insurance upon joining. Check your Welcome Letter to see if you have been provided with insurance.
Income Protection Insurance provides a benefit of up to 75% of your notional salary (caps apply) if you become incapacitated for work for up to 24 months. You will also receive a contribution into your super account of 9.5% of the Income Protection benefit you receive.
Premiums are calculated as a percentage of your salary based on your age and chosen waiting period and are deducted from your super account (not your take - home pay).
Most Triple S members under age 70 are provided with Death and TPD insurance (subject to eligibility). Premiums are deducted from your super account, not your take-home pay. If you have been provided with Death and TPD insurance, your Welcome Letter will include the number of units provided. The level of cover provided decreases with your age, unless you switch to the Fixed Benefit Insurance option.
| What are my options1? | Death & TPD | Income Protection |
| Can I increase my cover? | Yes2 | Yes2,3 |
| Can I reduce my cover? | Yes | No4 |
| Can I cancel my insurance? | Yes | Yes |
| Can I change my waiting period? | N/A | Yes |
| Can I change to a Fixed Benefit Insurance? | Yes | N/A |
1 Subject to eligibility.
2 Any increase in cover will be subject to underwriting and limitations may be applied.
3 If (or once) your salary exceeds $122,000. Conditions apply.
4 However, if after your salary exceeds $122,000 and you apply for an increase in your coverage, you may subsequently reduce your cover.
For full details on your insurance options, including increasing or decreasing your cover or switching to Fixed Benefit Insurance, please refer to the Triple S PDS.
Some restrictions apply and not all members are eligible for Income Protection or Death and TPD through Triple S. For full details please read the Triple S Insurance Restrictions fact sheet.
Members who do not automatically receive Income Protection insurance, such as casual employees, may be able to apply for cover. For full details please read the Triple S Income Protection fact sheet.
Triple S – SA Police Officers
Most police officers will receive Income Protection and Death and Total and Permanent Disablement (Death and TPD) insurance upon joining. Check your Welcome Letter to see the insurance you have in your super.
Income Protection Insurance provides a benefit of up to 75% of your notional salary (caps apply) if you become incapacitated for work for up to 24 months. You will also receive a contribution into your super account of 9.5% of the Income Protection benefit you receive.
Premiums are calculated as a percentage of your salary based on your age and chosen waiting period and are deducted from your super account (not your take - home pay).
Most police officers under age 70 are provided with Death and TPD insurance (subject to eligibility). Premiums are deducted from your super account, not your take-home pay.
Your Welcome Letter will include the number of units of cover provided. The level of cover provided decreases with your age, unless you switch to the Fixed Benefit Insurance option.
Members of the Police Pension Scheme who open a Triple S account are classed as 'Salary Sacrifice members'. Please click on the Salary Sacrifice Member tab to learn more about our insurance options.
| What are my options1? | Death & TPD | Income Protection |
| Can I increase my cover? | Yes2 | Yes2,3 |
| Can I reduce my cover? | After age 654 | No5 |
| Can I cancel my insurance? | After age 656 | After age 606 |
| Can I change my waiting period? | N/A | Yes |
| Can I change to a Fixed Benefit Insurance? | Yes | N/A |
1 Subject to eligibility.
2 Any increase in cover will be subject to underwriting and limitations may be applied.
3 If (or once) your salary exceeds $122,000. Conditions apply.
4 Voluntary increases in coverage may be reduced.
5 However, if after your salary exceeds $122,000 and you apply for an increase in your coverage, you may subsequently reduce your cover.
6 Voluntary increases in coverage may be cancelled.
For full details on your insurance options, including increasing or decreasing your cover or switching to Fixed Benefit Insurance, please refer to the Triple S PDS and insurance fact sheets (you can find the links to these at the top of the page).
Some restrictions apply and not all members are eligible for Income Protection or Death and TPD through Triple S. For full details please read the Triple S Insurance Restrictions fact sheet.
Members who do not automatically receive Income Protection insurance, such as casual employees, may be able to apply for cover. For full details please read the Triple S Income Protection fact sheet.
Triple S – Operational SA Ambulance Employees
You are classed as an Operational SA Ambulance member if you are an:
- Operational SA Ambulance employees (excluding casuals) who started employment from 1 July 2008.
- SA Ambulance Super Scheme contributory member who transferred to Triple S and are aged below 60.
You may receive Income Protection and Death and Total and Permanent Disablement (Death and TPD) insurance upon joining Triple S. Check your Welcome Letter to see if you have insurance in your super.
Premiums are calculated as a percentage of your salary based on your age, and waiting period and are deducted from your super account (not your take-home pay).
Most Triple S members under the age of 60 are provided with Death and TPD insurance (subject to eligibility).
If you have been provided with Death and TPD in your super, your Welcome Letter will include the number of units of cover provided. The level of cover provided decreases with your age.
| What are my options1? | Death & TPD | Income Protection |
| Can I increase my cover? | Yes2 | Yes2,3 |
| Can I reduce my cover? | After age 654 | No5 |
| Can I cancel my insurance? | After age 656 | After age 606 |
| Can I change my waiting period? | N/A | Yes |
| Can I change to a Fixed Benefit Insurance? | Yes | N/A |
1 Subject to eligibility.
2 Any increase in cover will be subject to underwriting and limitations may be applied.
3 If (or once) your salary exceeds $122,000. Conditions apply.
4 Voluntary increases in coverage may be reduced.
5 However, if after your salary exceeds $122,000 and you apply for an increase in your coverage, you may subsequently reduce your cover.
6 Voluntary increases in coverage may be cancelled.
For full details on your insurance options, including increasing or decreasing your cover or switching to Fixed Benefit Insurance, please refer to the Triple S PDS and insurance fact sheets (you can find the links to these at the top of this page).
Some restrictions apply and not all members are eligible for Income Protection or Death and TPD through Triple S. For full details please read the Triple S Insurance Restrictions fact sheet.
Members who do not automatically receive Income Protection insurance, such as casual employees, may be able to apply for cover. For full details please read the Triple S Income Protection fact sheet.
Triple S – Spouse Member
Insurance is not automatically provided to Spouse members. However, you may be able to apply for Standard Death Only insurance or Fixed Benefit Death Only insurance up to a maximum of $1,500,000. Some exceptions apply, please see the Triple S Insurance Restrictions fact sheet and the Triple S Death and TPD and Death Only Insurance fact sheet for more information.Triple S – Salary Sacrifice Member
Insurance is not automatically provided to members who have a Triple S account solely for the purpose of receiving salary sacrifice contributions. However, you may be able to apply for Death and Total and Permanent Disablement (TPD) Insurance under Triple S.For full details on your insurance options, please refer to the Triple S PDS.
