Skip to main content

We use cookies to better deliver personalised content. Read about how it works.

Search aware.com.au

Suggestions

As a deferred member your benefit is 100% invested. This means your money is exposed to the ups and downs of the market.

You get to choose an investment strategy for the majority of your account. There are 4 investment options available. You can choose one or more of these investment options or leave it in the default Growth investment option. The investment choice for your SANCS lump sum benefit which includes the Basic Benefit is decided by the trustee, State Super and invested in a similar way to the Growth option.

Key points:
 

  • You are responsible for choosing the investment strategy which will apply to your personal account and your employer financed benefit.
  • Your State Authorities Non-Contributory Scheme benefit will be invested in the investment strategy chosen by the Trustee.
  • If you don’t make an investment choice, your personal account and employer financed benefit will be invested in the Growth investment option. Once you reach age 60, your investment option will be switched to the Balanced option.
  • You can switch investment strategies once a month.
  • Your SASS Scheme provides a low-cost option for your super savings.
  • An Aware financial planner1 can help you choose the investment strategy that is right for you.



1 Financial planning services are provided by our financial planning business, Aware Financial Services Australia Limited, ABN 86 003 742 756 AFSL No. 238430.

Your investment options

As a deferred member your benefit is 100% invested. You are responsible for choosing the investment strategy for the balance of your personal account and employer financed benefit. The Trustee selects the investment option for your State Authorities non-contributory scheme account.

There are 4 investment options available to SASS deferred members. You can choose to invest in one or more of these investment options. You can choose whatever proportion you like.

You can switch investment options once a month by completing and returning the State Super SASS form 409 Choice of Investment Strategy to the State Super Customer Service team. If your form is received by the 25th of the month the switch will take effect from the first day of the following month.

Your investment time horizon is the length of time you expect to keep an investment. Knowing your time horizon is extremely important when it comes to choosing the type of investment strategy you wish to invest in.

 

Scroll table horizontally on mobile

  Cash Conservative Balanced Growth
Volatility Very low Medium Medium to high High
Growth Limited Conservative Moderate High
Risk of negative return Very low potential for negative return Potential for negative return 2 to less than 3 times in 20 years Potential for negative return 3 to less than 4 times in 20 years Potential for negative return 4 to less than 6 times in 20 years
Investment time horizon Designed for members with a short-term investment horizon (up to 3 years) with no tolerance for market volatility Designed for members with a short-term investment horizon (4 years) with little tolerance for market volatility and a preference for security Designed for members with a medium-term investment horizon (5 to 7 years) and some tolerance to market volatility Designed for members with a long-term investment horizon (7 plus years) and a high tolerance to market volatility

 

Changing your investment options

The investment strategy that’s right for you depends on your personal situation, the level of risk you are prepared to take, your stage in life and retirement goals, and your assets and investments outside of super. It’s important to regularly review your investment choice to make sure:
 

  • You are comfortable with the level of risk you are taking
  • You have chosen the right option to meet the level of returns you are looking for
  • You have made the right investment choice for your life stage.

You can switch investment options up to once a month. Simply complete the State Super SASS form 409 Choice of Investment Strategy and send it to State Super. The form needs to be received by State Super Customer Service on or before the 25th of the month and the new investment strategy will apply from the 1st day of the following month. Your first switch in a financial year is free and any subsequent switches will incur a fee of $25 which will be paid from your deferred account.

An Aware financial planner1 can provide you with advice tailored to your personal situation.

1 Financial planning services are provided by our financial planning business, Aware Financial Services Australia Limited, ABN 86 003 742 756 AFSL No. 238430.

Related information

Where to next?

Need advice?

At Aware, our financial planners are experienced in your State Super scheme and know the ins and outs of planning for a successful retirement.

To help you make better decisions for your retirement, book a no cost, obligation free appointment.

Book an appointment

Attend a free SASS webinar

Get your questions answered by an expert. Our webinars provide you with an opportunity to learn more about your scheme - and your decisions at exit.

Find a webinar near you

Learn more about retirement

We’re here to help you create your next chapter with confidence and guide you throughout your retirement.

Where are you on the journey?

This communication contains general advice only, which means we have not taken into consideration your objectives, financial situation or needs (circumstances). Before taking any action, you should have regard to your own circumstances, and seek appropriate professional advice if you think you need it. Further, this communication does not contain, and should not be read as containing, any recommendations to you in relation to Aware Super's products. You should also read our product disclosure statement (PDS) and Target Market Determination before making a decision to acquire a product. Contact us to make an appointment to see one of our financial advisers and read their Financial Services Guide carefully if you are seeking financial advice.

Financial planning services are provided by Aware Financial Services Australia Limited, ABN 86 003 742 756, AFSL No. 238430. Estate planning services are provided by Aware Super Legal Pty Ltd (ACN 606 835 170), an Incorporated Legal Practice.