Important information: Super SA Select

Important information

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 Super SA Select, to help you on your super journey with us. Please read this information along with the following documents.

SSA1573_100X100_Product Disclosure Statement PDS.pngProduct Disclosure Statement (PDS)

Contains important information about your Super SA Select account.
Contact us if you'd like to request a paper copy. 
Download PDS >

SSA1573_100X100_Reference guide.pngReference Guide

The Reference Guide forms part of the Super SA Select PDS.
Download Reference Guide >

SSA1573_100X100_Investment Guide.pngInvestment Guide

The Investment Guide forms part of the Super SA Select PDS.
Download Investment Guide >

Super SA Select members may have access to insurance via the Triple S product. For information about Triple S insurance, please read the relevant fact sheets.

Your investment options

When you join Super SA Select, you have the choice of investing your super in the Balanced option or the Cash option, or you can also invest in a combination of the two. If you don’t make a choice, your super is invested 100% in the Balanced option.

Check your Welcome Letter to see which option(s) you are invested in. For more information and before you make any decisions, please see the Super SA Select 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 to your Super SA Select account. 

 

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 Super SA Select balance (to a maximum of $325 p.a.). This is deducted from your account balance, monthly.

Plus, 0.05% p.a. of your Super SA Select 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 0.65% p.a. of your Super SA Select balance depending on your chosen investment options. This is deducted from the investment returns before they are allocated to your account.

Transaction costs

Between 0 and 0.08% p.a. of your Super SA Select balance depending on your chosen investment options. This is deducted from the investment returns before they are allocated to your account.

 

Insurance premiums

Insurance is not automatically issued with Super SA Select, however some Super SA Select members may be able to access Triple S Death and Total and Permanent (TPD) insurance and Income Protection, subject to eligibility.

If you have been provided with insurance through Triple S, your premiums will be deducted from your Triple S account. For more information, refer to the Triple S insurance fact sheets.

Low account balance protection

If your Super SA Select 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.

Other fees may apply

Other fees that may be deducted from your account may include financial advice fees or Family Law fees, if applicable.

For more information about Super SA Select fees and costs, please see the Super SA Select PDS and Reference Guide.

 

Learn more about your super



Your entitlement, including eligibility for any insured benefit, is and shall always remain that which is determined in accordance with the the Public Corporations (Southern Select Super Corporation) Regulations 2012 and the Super SA Select Trust Deed.
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.