Triple S
Triple S
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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:
No tax paid up-front
As a tax deferred super fund, tax is generally calculated upon leaving the scheme or when you withdraw funds. This may mean that you have more invested to grow over time.
Competitive investment returns
The default Balanced investment option returned1
1yr – 21.6%p.a.
10 year - 9.32%p.a.
No annual 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.1
No tax paid up-front
As a tax deferred super fund, tax is generally calculated upon leaving the scheme or when you withdraw funds. This may mean that you have more invested to grow over time.Competitive investment returns
The default Balanced investment option returned1
1yr – 21.6%p.a.
10 year - 9.32%p.a.
No annual 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.1
Awards and Ratings
Triple S has received a gold rating recognising it as a "good value for money" product.
SuperRatings describes it as a well balanced fund offering a genuinely low fee structure and providing excellent value across all account balances.
Triple S has also been awarded the highest rating of 5 Apples from specialist superannuation research and consultancy firm, Chant West. 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 for the Triple S Scheme
As a not for profit fund, our fees are competitive.
$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),
Administration fees and costs0.76%p.a.
Investment fees and costs0.06%p.a.
Transaction costsTriple S’ investment options
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 work.2 Premiums are deducted from your superannuation account balance.
A choice in the level of your Death and TPD Insurance
Most members can increase, decrease or cancel their Death and/or Total & Permanent Disablement Insurance at any time up until you’re 70. Premiums are deducted from your superannuation account balance.
Find out more
Insurance
Most Triple S will be provided automatically with Income Protection, Death and TPD Insurance.
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 work.2 Premiums are deducted from your superannuation account balance.
A choice in the level of your Death and TPD Insurance
Most members can increase, decrease or cancel their Death and/or Total & Permanent Disablement Insurance at any time up until you’re 70. Premiums are deducted from your superannuation account balance.
Find out more
Everything about your super - all in the one place
Here you’ll find all the information you need to develop a better understanding about how you can grow, consolidate and access your super.
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What does Triple S stand for?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. -
Can I roll out of Triple S after I’ve rolled into it?No, not while you’re still employed by the South Australian Government.
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Your partner or spouse may be eligible to join Super SA too
There are two ways to create a Triple S spouse account
- Make a member or spouse contribution to the Triple S Scheme for a minimum of $501
- Make a contribution split from your Triple S account to your spouse for a minimum of $502
After the spouse account has been established, your spouse/partner will be able to receive further spouse contributions from you, subject to eligibility.
They’ll also be able to receive —
- Contribution splits2
- Personal after-tax member contributions3
- Commonwealth Government Co-contributions
- Rollovers from a complying super fund4
1Subject to caps
2Subject to eligibility.
3Subject to non-concessional contribution cap and Total Super Balance.
4Members 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).
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What is a contribution split?A contribution split lets you split your employer and salary sacrifice contributions with your spouse (subject to eligibility) — but only within the Triple S Scheme. You cannot split into other super funds.
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Important things you should know
1 Subject to caps.2 A lifetime Untaxed Plan Cap limit applies ($1.615 million for the 2021-22 financial year), for each untaxed scheme you are a member of. 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 (currently $27,500 for the 2021-22 financial year). Refer to the Triple S Product Disclosure Statement for further information.
3 Subject to eligibility.
4 Subject to non-concessional contribution cap and Total Super Balance.
5 Members will not be able to roll their benefit back out, as Triple S spouse accounts have different rules to other funds (linked to the member or turning age 65). Also, 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.
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 apply. For further information please read the Super SA Income Stream Product Disclosure Statement.
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What does Triple S stand for?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.