Super SA Superannuation
Super SA is a specialist super provider, providing super funds for members of South Australia’s public service sector.Types of Super SA accounts
Super SA offer accumulation plans, defined benefit funds and retirement income streams. The exact type of funds you can apply for depend upon when you commenced employment with the South Australian public service. If you are a SA public servant who has started employment since 1994, you are eligible for their default accumulation account, the Triple S fund.
The accumulation plan offers you a choice of eight different investment options from which you can pick and mix. The available options are:
- High Growth
- Growth
- Balanced
- Moderate
- Conservative
- Capital Defensive
- Cash
- Socially Responsible
There are a few benefits available to Super SA members who have a super account, including:
- Insurance in super available for death cover (life insurance), and total and permanent disability (TPD) cover
- Easy online account access
- Socially responsible investment options
At the time of writing (31/07/2018) Super SA’s Triple S plan charges annual fees based on your total balance. This includes a $70.20 annual administration charge, deducted from your account as well as a weekly $1.35 charge.
With this in mind, be sure to compare the annual fees charged by Super SA against the fees charged by other funds, keeping in mind that other funds with similar or higher fees may be providing additional products and services that Super SA does not.
Eligibility to join Super SA
To apply for a Super SA Super fund, you must be able to satisfy the following criteria:
- You must be an Australian resident
- You must be over 18 years of age
- You must be earning at least $450 before tax per month from an employer
- Be a South Australian public sector employee
If you are under the age of 18, but earning more than $450 before tax per month, you must be working more than 30 hours per week to qualify for super.
How to join Super SA
Because you can only join Super SA Super if you are a South Australian public employee, joining Super SA is a bit different than the process with other super funds. Talk to your employer to find out more.
Be sure to compare super funds on the Canstar website and check our choosing a super fund checklist before signing up for a particular superannuation account.
Super SA FAQs
Yes, Super SA Super has a dedicated online portal for super fund members. You can view your account balance online, access statements for your account, download super fund information and more.
Super SA Super provides a variety of investment options for you to choose from. You can choose to invest in one or a mix of options. The available investment options in the accumulation plan include:
- High Growth
- Growth
- Balanced
- Moderate
- Conservative
- Capital Defensive
- Cash
- Socially Responsible
When choosing an investment option, it is important to take into account your investment time frames and goals, and your personal risk tolerance for market fluctuations. Learn more about how to choose between different investment options on the Canstar website.
The comparison table near the top of the page shows the total fee cost per year to have a super account with Super SA. Compare these fees to the average super fund fees on our database, as fees are an important consideration when selecting a fund.
Yes, you can consolidate other super accounts into your Super SA account.
It’s important to check with your previous super funds for information regarding costs such as exit fees and insurance cover you may lose if you switch super funds.
Super SA provides superannuation products to South Australian public sector employees. They manage the retirement assets for over 210,000 individual members.
