Super SA Questions & Answers

When you leave the sa public sector, you can roll over you contributions to another fund. Whilst you remain employed by the sa public sector, contri unions are made into the super sa fund. So much for choice!

from Dec 1st 2020 you can then roll over to a different super fund leaving a balance of $6000 in triple S scheme even if your still working for the gvt Super SA Told me

but super payments paid by your sa public service employer still have to go into the SA Super scheme. At age 60 tax free you can start an income stream of %10 of your SA super balance per year . mthly etc into your bank account or can be started at your preservation age but extra tax may happen on what you recieve. when leaving triple s Scheme you are taxed at 15% of what you take out

Good question. SuperSA have just changed their website, and I can no longer find what is in the Moderate breakdown after searching for 10 minutes. From the 2021 PDS, Moderate = a guaranteed loss of .66% on your entire account balance and annual contributions every year.

Whether you may make any money depends if the stock market goes up, as that is about 30% of the Moderate product. If the stock market goes down, you will likely loose more.

Since I can’t even find the pie chart breakdown of what is in Moderate anymore, the actual returns not relating to the share market would be even harder to find.

Not that the actual returns of the share market components of your portfolio are disclosed anyway. They don’t even say what stock exchanges they invest in.

Yeh, so who knows what is actually in any of the SuperSA products, apart from the private fund managers who sell us the products. The Federal law allows FOI disclosure to find out what we have been sold, but Federal laws are unlikely to apply to any SuperSA products.

For the individual, SuperSa is currently both a legal and a administrative black hole - and your money is trapped inside it.