I’m new to South Australian public sector

20 October 2022
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I’ve just joined the South Australian public sector

If you’ve recently joined the South Australian public sector, welcome to Super SA!

Just by being a Super SA member you can be sure that your future is in trusted hands. With over a century of knowledge and expertise, we are committed to delivering your best life in retirement.

Upon joining the government, you automatically become a Triple S member. As a South Australian public sector worker, you can choose where to direct your super. The power is in your hands. This is called Fund Selection.

If you want to make a Fund Selection, we encourage you to firstly seek professional financial advice. Then speak to you HR team and request a Fund Selection Notice. Find out more about your options.

However, there are plenty of reasons to stay with us. Keep reading to find out about advantages Super SA has that you won’t find at any other super fund.

Your member benefits

The default super scheme for most South Australian public sector workers is Triple S. It was developed for South Australian public sector workers and is only available through us: Super SA.

Triple S is an exempt public sector superannuation scheme and an untaxed fund. This means that you have access to a host of rare benefits:

 

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More invested from day one


When your super fund is gaining momentum, Super SA helps your contributions work even harder.

Unlike other super funds, Triple S members pay no upfront tax on contributions, meaning more of your money goes towards saving for a better life after work.1

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The freedom to save more and boost your balance

Triple S members have no annual cap on salary sacrifice contributions1,2.​ 

So as your earnings and capacity to save grows, you could make a real difference to your balance.

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Serving the needs of South Australians like no other fund can

As your super grows, it’s good to know that the people looking after your money have been doing it for SA public sector workers like you for nearly 120 years.

And as an SA owned and operated super fund Super SA is committed to serving our own, understanding that everyone has unique needs, and setting you up for your best life after work.​ We get you, because we are you.



Six key steps to consider as a new Triple S member

1. Register and log in to the member portal

To get the most out of your membership, make sure to register then log in to the member portal. Check all your contact details are complete and your Tax File Number has been supplied by payroll.

Updating your details and communications preference will allow us to share any important updates, upcoming information sessions, product news and online statements with you. It’s also a great opportunity for you to review your insurance and investment arrangements. Learn more about your investment options

2. Check your insurance

Eligible Triple S members are automatically provided with three units of Standard Death and Total & Permanent Disablement (TPD) Insurance and Income Protection cover.3

If you are a Police or operational Ambulance member you automatically receive six units of Standard Death and TPD cover.

As a new Triple S member, make sure to check your insurance cover is right for you. If you’ve got super with a different fund, consider whether you are paying for multiple insurance cover, and whether you need to make a change.

 

3. Consolidate your super

If you have your super elsewhere, you could consider moving all of it into your Triple S account with Super SA. It means you’ll be able to keep track of your superannuation balance more easily. You can do this through your myGov account4, or by completing one simple Consolidate your super form.

Once you complete the form, send it to us via post or email, and we’ll organise the transfer with your other super fund. Make sure to check if you’ll be losing any other benefits, like insurance, before deciding to consolidate your super to Triple S.

We encourage you to seek financial advice before making any changes to your situation.

4. Grow your super

As a new member to Triple S, it is a good time to consider whether your employer contributions alone will be enough to provide the type of lifestyle you want in retirement.

The main ways you can grow your super balance are:

  • Salary sacrifice contributions: these are super contributions deducted from your before-tax salary. As a Triple S member, your employer contributions and salary sacrifice contributions are exempt from the annual contribution caps set by the Commonwealth Government (currently   $27,500 p.a.), however  lifetime cap does apply.2
  • After-tax contributions: you can also make contributions to your super from your take-home pay. If you make these contributions you may be eligible to receive a Government co-contribution.
  • Government co-contribution: If you make after-tax contributions you may receive a Government co-contribution. Whether you are eligible to receive a Government co-contribution will largely dependent on your income.
  • Compounding investment returns: As investment returns grow in your account you get even more investment returns, or in other words, returns on returns. The longer you are investing the higher your returns can grow.

 

Learn more about growing your super. 

5. Consider financial advice

Your super may be the biggest investment you ever make, and it shouldn’t be taken lightly.

You can choose your own financial planner or you can take advantage of the service available through Industry Fund Services (IFS),5 If you don’t have an existing relationship with a planner, you can contact the Financial Planning Association and access their “Find a Planner” service to locate an FPA member near you. The financial planners at IFS can advise you about the options available to South Australian public sector workers.

Seek financial advice if you’re not sure about what kind of investment option may suit you, or what level of insurance cover is right for you. We have information available about the different forms of financial advice IFS can offer you.

Learn more about financial planning or make an appointment with an IFS planner.

6. Join our free seminars and webinars

We know our members want to learn about their super, that’s why we provide free information sessions as webinars or seminars.

We also have online tools available such as calculators for your super, transition to retirement and insurance. We have plenty of articles on our website, which can help you better understand where your money goes and how to grow your super.

To join us for a free online or in-person information session, book today!
1 The FHSS Scheme is not available within Triple S Lump Sum & Pension schemes.
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. 

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