When you're ready,. Product eligibility criteria To be eligible to acquire this product the consumer must meet one of the following eligibility criteria:We're here to help you feel confident about your super. Claim and withdrawal forms. Designed for people who are still working. Voluntary contributions are projected as part of the Accumulation account. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. 1% for Income accounts. qld. When you're ready, retire with QSuper. In the Accumulation account, you can (if eligible): • Receive contributions and make voluntary contributions • Receive transfers from other super accounts • Receive employer contributions • Make lump sum withdrawals. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pensionaccount to a QSuper Accumulation account, none of your benefit can be withdrawn as cash until retirement, including your personal contributions and interest paid before 1 July. 1. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. In the event the Trustee suspends unit prices on any or all. Choose investments. Download. Retirement accounts . Award-winning. If you're eligible to be a QSuper member, it only takes around 10 minutes to apply online, and you'll be enjoying the QSuper feeling. 2. This minimum balance will . To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through your1. Find out more. You'll find this in the back of the Accumulation. If you're eligible to be a QSuper member, it only takes around 10 minutes to apply online, and you'll be enjoying the QSuper feeling. If you are 60 These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. 60% p. The cost of product assumes a balance of $50,000 at the beginning of the year. To obtain the investment option returns within a TTR income account prior to 1 July 2017, please refer to the standard Income account unit prices. Super. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and. 1. financial hardship, compassionate grounds, terminal medical condition, or total and. 7. Refer to the Financial Services Guide (pdf) for more information. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. 1300 360 750. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. Super. The QSuper Balanced Accumulation option returned 2. This balance consists of $350,000 of tax-free components and $900,000 of. More reasons to feel good. Use this for making payments or transferring money into QSuper accounts (except if you're an employer with QSuper as your default super product). QSuper Accumulation account when you make a lump sum withdrawal. In Member Online, go to Account history & statements, then Yearly transaction summary. You can check whether you currently have death cover in Member Online. Get started now. Eligibility conditions apply. 00pm AEST. au/forms. qld. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. USI (Unique superannuation identifier) QSuper accounts: 60905115063001. Withdraw your superIf you are withdrawing your total Accumulation account balance, and would like to keep your QSuper Accumulation account open, you can choose to keep a balance of $100. 00pm AEST. For more information on eligibility to claim a tax deduction, please refer to How to Claim or Vary a Tax Deduction for Contributions factsheet. 22% p. 7. need to complete the Accumulation Account DepartingOnce you've reached the age you can withdraw your super, there are a number of ways to draw on your retirement savings. You can access your super as: An income stream, by opening a QSuper Retirement Income account and/or a QSuper Lifetime Pension; A lump sum withdrawal, or ; A combination of both. PLUS Investment fees and costs. Award-winning. We take out any relevant fees, costs, and taxes from the daily unit price before publishing it, so you don't need to account for that in your calculation. There are differences between the asset allocations in Accumulation account and those in Income account, to optimise the strategy and improve the probability of meeting investment objectives. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. Make a withdrawal. 2. 75% of your insured salary which includes a contribution replacement benefit of 12. Calculators. QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. If you choose to make a beneficiary nomination, there are two main options: Accumulation account holders can make a binding death benefit nomination as to who they would like to receive their super (and any insurance benefit they may have) in the event of their death. Quick, easy investment advice. More reasons to feel good. You don't need to pay or book an appointment - our online advice service can get you answers in 5-10 minutes and it's included in your membership. This minimum balance will . Our award-winning Retirement Income account is an account-based pension that turns your super into income payments and offers several tax benefits. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. Award-winning Money magazine’s Best Retirement Innovator 2023 2. Only Queensland Government employers (or related entities) can keep your Defined Benefit account open. 15-year platinum. Income account holders can either make a binding death benefit. This option could experience negative returns over the short term. My bank account details are as follows: Name of institution Branch name BSB Account number Account name Note: the account nominated above must be in your name and must be an account for which you can sign to withdraw, either solely, or with another person. Withdraw your superBalanced portfolio. Use this form if you're at your preservation age and want to withdraw some super. Learn more about how your super is taxed. Withdraw your super• Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or • The quickest way to claim is directly through the Australian Taxation Office (ATO). Income testAlex's inheritance from their mother was $400,000, so they decide to contribute $200,000 to their super, give $100,000 as a gift to the kids to help them buy their first home/s, and save the remaining $100,000 for home renovations. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. This includes your personal contributions and interest paid before 1 July 1999. Withdraw your super; Seminars and education. 00am to 6. Withdrawals from Accumulation accounts are generally processed within 7 working days of receiving a completed application and Income account withdrawals are processed within 3 working days. If you're age 60 or over, it's tax-free. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. Super. Retirement accounts. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourEddie is 62 years of age and would like to withdrawal $450,000 from his superannuation to buy a house. Withdraw your superUse Member Online to withdraw a lump sum from your Super Savings Accumulation account. When you're ready, retire with QSuper. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. 5. When you turn 65 years old and/or retire, you can open a Retirement Income account with a minimum of $30,000. We work hard to keep our fees as low as possible We are a profit-for-members fund – we don’t have any shareholders to pay, and we don’t pay commissions to financial advisers. It aimed to help retirees through market uncertainty. 19 January 2023 Brian Parker 6 min read. Why QSuper? A focus on long-term performance. If you have a QSuper account with us, you'll still log in through the QSuper website. Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. 09 November 2020 5 min read. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. Withdraw lump sums. Transfer the following amounts to an Income account: $ OR % of my Accumulation account (you must leave a minimum of $10,000. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. 3 This is irrespective of the actual level of payments that you are. Understand the detail and the choices you can make. 2. QSuper Accumulation account when you make a lump sum withdrawal. Product eligibility criteria To be eligible to acquire this product the consumer must meet one of the following eligibility criteria:We're here to help you feel confident about your super. Accumulation account and Income account As Accumulation and Income accounts are unit-based, we multiply the number of units in the account by the unit price applicable on the valuation date you nominate. The graph shown above is based on unit prices, which are net of fees and taxes. This minimum balance will apply unless you are withdrawing. We're awarded for providing value for our members, from your working life through to enjoying retirement. The benefits of consolidating your super into one account may include:: Paying fewer fees: Having your super in one account could mean fewer fees; Less paperwork: One super account means one statement; Easier tracking: One super account may make your super easier to. Statement for Income Account and Lifetime Pension for more information. Accumulation account Transition to Retirement Income account. Application for Early Access on Compassionate Grounds (Compassionate Grounds Guide) Use this form if the ATO has approved you to claim your super early on compassionate grounds. A multiple of 0. $67. gov. A Retirement Income account can help maximise your savings, with tax-free investment earnings and no tax on payments or withdrawals after you turn 60. I’d like to withdraw the following amount (net). Ranges. The graph shown above is based on unit prices, which are net of fees and taxes. So your balance will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. He has a superannuation accumulation balance of $1,250,000. Defined Benefit Account Guide (including. Or call us on on 1300 360 750 and we’ll send you a copy. 1300 360 750. The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings). 3 Increase your account balance or make a contribution. Retire with confidence with QSuper, part of Australian Retirement Trust (ART). To obtain the investment option returns within a TTR income account prior to 1 July 2017, please refer to the standard Income account unit prices. More reasons to feel good. You can manage your Income account online using Member Online. Superannuation. gov. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. Your super balance is counted as an asset. QSuper Accumulation account when you make a lump sum withdrawal. This means after investment fees and costs, transaction costs, and investment taxes. Early withdrawal for disability or financial hardship. Turning 65 is a condition of release, whether or not you are still working. Tell us how you want to invest your. With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. Check how much super you're on track to end up with, what sort of income you can expect in retirement, and how long your super might last. Application form contained within the PDS for our Accumulation account. I want to keep $100 in my Accumulation account. QSuper account holders are now. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. Grow your super. $110,000 per year. $ OR. 8am–6pm AEST. We’ve been named Fund Manager of the Year – Multisector at the 2023 Morningstar Australia Awards. If you have money in Self Invest, you need to keep a minimum of $10,000 (Accumulation accounts) or at least 13 months’ worth of income payments (Income Phone 1300 360 750. Assets. Accumulation account; Transition to Retirement Income account; Retirement Income account. 00pm AEST. Make a Withdrawal from an Accumulation Account. There is no maximum withdrawal limit if you have a Retirement Income account, so you can get any amount, up to the total balance of your account. Withdraw your superLifetime Pension. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. We then know how much tax to withhold from your payments. Why retire with QSuper. Accumulation account; Transition to Retirement Income account; Retirement Income account. tell us the account(s) you want to split contributions from. • I’ve read the Defined Benefit Account Guide. These figures have been rounded for member reporting. Download . 1. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. You need to already have a QSuper Accumulation . Applications from outside1. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Your employer may also pay an extra contribution to your Accumulation. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. International +61 7 3239 1004. The Police account closed to new members on 1 January 1993. You need to provide your personal details, tax file number, bank details, and tax options for your payment. Super. Eligibility conditions apply. International +61 7 3239 1004. Start or Change Regular Contributions to Your Super. tell us the account(s) you want to split contributions from. 10%, from 0. It's easy to check how much insurance you have and make any changes, in Member Online. Amount $ , ,Open a QSuper account. 75% contribution replacement benefit. The Reserve Bank of Australia (RBA) recently cut its official cash rate to a record low of 0. 3. 1. A Retirement Income account can help maximise your savings, with tax-free investment earnings and no tax on payments or withdrawals after you turn 60. Stapling aims to reduce unintended multiple accounts. QSuper and Sunsuper have agreed that from 1 July 2022: • Administration fees that you pay from any of your QSuper Accumulation account(s) and Income account(s), and those that are deducted from the Lifetime Pension pool, will be reduced from 0. More reasons to feel good. Assets. Does closing Self Invest impact the annual access fees I'm paying, or any other fees or costs such as brokerage? 1300 360 750. Your TFN. Object moved to here. Check your account balance. a. Total and permanent disability (TPD) insurance pays you a lump sum if you are unlikely to ever be able to work again due to illness or injury. Make a Withdrawal from an Accumulation Account. 2. Why retire with QSuper. 5. qld. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. Use this form if you want to close your Defined Benefit account and transfer your funds into an Accumulation account. Your minimum payment amount is a percentage of your Income account balance as at. Once you have our acknowledgment letter, lodge your tax return, stating the amount you are claiming in the supplementary section of your tax return. Members can still enjoy the products and services they know and trust. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. This is because the accounts are bundled together under. 48 million at 30 June 2021, then you may be able to make non-concessional contributions. 6. Complete online Download . If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . Application to Cancel Insurance. This Accumulation Account Guide provides details about the QSuper Accumulation account product, and other important topics like how fees and taxation apply to the. If you have more than one Accumulation account, please . our Super Savings Balanced option returned 10% for Accumulation accounts, 9. Accumulation account and Income account As Accumulation and Income accounts are unit-based, we multiply the number of units in the account by the unit price applicable on the valuation date you nominate. 2. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. 15% per annum from 1 July 2022. They don't have to wait until age 25 and over. 4% p. 31,545. 00pm AEST. The Retirement Bonus is a tax saving we pay you (if eligible), when you move money from our Accumulation or Transition to Retirement Income account, to our Retirement Income account and/or Lifetime Pension. 1300 360 750. Make the most of your entitlements and deductions at tax time. Income account and Lifetime Pension. Use this form if you're at your preservation age and want to withdraw some super. Withdrawal From An Accumulation Account; Pension Refresh Strategy; All withdrawals must be made proportionately. au/forms. Hear insights from QSuper’s panel discussion about the forces that may influence investment and risk in a post-pandemic world. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through your Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. 1300 360 750. Tax File Number Declaration (under age 60 only) Only use this form if you're under 60 and starting or restarting an Income account or making an income protection claim. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. Online Advice1 – Log in to Member Online for our online advice service about your super. QSuper performance review. The remaining amount representing your employer’s part stays separate as a Deferred Retirement Benefit (DRB) until you turn 55, then moves to your Accumulation account. 8am–6pm AEST. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. Accumulation account (if applicable)? No, I don’t want to withdraw money. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. need to complete the Accumulation Account DepartingWithdrawal amount I want to withdraw (net)3 $ (You will need to keep a minimum of $10,000 in your QSuper Accumulation account when you make a lump sum withdrawal. Choose your payment amount and frequency. Accumulation. au Fax 1300 242 070 Website qsuper. APRA reports the average balance of a person aged between 60-64 years old as $183,313 as at 30 June 2020, in the Annual Superannuation Bulletin issued 29 January 2021. So an Income account can be helpful because it allows withdrawals at any time. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. How those changes might impact you depends on your age, cover amount and employment details (including occupational rating). Her annual minimum withdrawal will increase from 2. When can you access your super; Withdraw your super; Seminars and education. A new era in our long history has begun, with the official merger of QSuper and Sunsuper to create Australian Retirement Trust - one of the nation’s largest super funds. 4. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. Can I join? Past performance is not a reliable indicator of future performance. 00am to 6. We're here to help you feel confident about your super. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Our performance. If you’re applying under eligibility rule 1, you can withdraw between a minimum of $1,000 and a maximum $10,000 over a 12-month period. 1 Investment limits Term deposits Single term deposit – $5,000 to $5 million Shares S&P/ASX 300 and ETFs Maximum share and ETF exposure – 85% of your QSuper Accumulation or Retirement Income account balance. Under the changes, from 1 July 2021, account balance conditions apply if you have more than $1. On 21 September 2023 performance figures relating to unit prices between 14/09/2022 and 14/10/2022 for Lifetime Focus 1, Lifetime Focus 2, Lifetime Outlook, Lifetime Aspire 1, Lifetime Aspire 2, QSuper Balanced and QSuper Aggressive options have been corrected. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. The Age Pension is a fortnightly allowance paid to eligible Australian residents by the government. au This form and all QSuper products are issued by Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228975) (Trustee) as trustee for Australian. Use our calculators to plan your retirement, find out how to grow your super, and understand your insurance needs. 2. Use this form if you're at your preservation age and want to withdraw some super. We're honoured to have received SuperRatings ' 15-year Platinum rating. Maximum superannuation drawdown rates. 2. A Retirement Income account can help maximise your savings, with tax-free investment earnings and no tax on payments or withdrawals after you turn 60. Allocation 4. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Proof of identity. The default cover you get automatically depends on your age, employment arrangements, and account balance. Once funds have departed QSuper please allow up to 24-72, depending on your banks processing time for the. Previous name. Download the QSuper Insurance Guide (pdf) for details. Why QSuper? A focus on long-term performance. Non-concessional (after-tax) personal/voluntary contributions. Complete online Download. More reasons to feel good. Taking five simple actions today may help you feel more in control of your future. From 1 January 2023, eligible Australians aged 55 and over are now able to use some of the proceeds from the sale of the family home to top up their superannuation, under a change in the rules reducing the downsizer eligibility age from 60 to 55. If we already have your TFN, you do not need to give it to us again. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. Insurance premiums for QSuper Accumulation accounts changed on 1 July 2023. I’d like to withdraw the following amount (net). lump sum withdrawal. How to withdraw money from Qsuper? Money withdrawals are allowed. I’d like to withdraw the following amount (net). au) or with the Open an Accumulation Account form (qsuper. View Focus 1 Dashboard. However, in most cases, your new employer can contribute to a QSuper Accumulation account for you. If you don’t have an Accumulation account If you don’t have an Accumulation account when your claim is approved you will need to open an Accumulation account. 22% p. Manage your Income account. As at 30 June 2023. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. If you are . This minimum balance will apply unless you are withdrawing all of your funds and closing your account. (PDS) available at qsuper. Allocation 4. Our QSuper Accumulation account is designed for Queensland Government employees (including future and former employees), current members, and other people who can open a QSuper account. Why QSuper? A focus on long-term performance. 10-year annual return - Balanced option 3. The graph shown above is based on unit prices, which are net of fees and taxes. Withdraw your superNumber of units x Daily unit price = Value of your super. Yumiko will be 75 on 1 July 2023. QSuper Accumulation account when you make a lump sum withdrawal. Accumulation account Transition to Retirement Income account. You must maintain at least $500 in your transaction account at all times. Voluntary contributions are projected as part of the Accumulation account. 00am to 6. How unit prices are calculated. Keeping track of your super is one place to start in helping you take control of your financial future. Your TFN. Why you'll love it here. So we provide a rebate if you pay more than $875 across your Accumulation and Income account/s. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Past performance is not a reliable indicator of future performance. Language assistance. While the returns for the default investment options are net of investment and administration fees, and taxes, if you create a custom investment return in the "Fees, Return, Insurance & Inflation" section, the return is calculated before taxes and fees and you will need. If you want to keep your QSuper Accumulation account open for employer or voluntary contributions, you must leave a minimum of $10,000 in your Accumulation account,. Mon-Fri 8. Accumulation account Transition to Retirement Income account. 15% per annum. Keep in mind the way you spend money at the beginning of your retirement is likely to be very different. qld. 1300 360 750. 2. Insurance forms. Retirement accounts . 16% to 0. Mon-Fri 8. 15% contributions tax. Withdraw your super; Seminars and education. QSuper’s Accumulation account, Balanced Option only, ranked fourth. If you don't have a QSuper account, you can apply to join QSuper online if your spouse has a QSuper account. This is the amount that is charged to a. 2. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. Email [email protected] account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Would you like to make a withdrawal from your . Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. Get personal advice about your QSuper account at a time that suits you. Online Advice1 – Log in to Member Online for our online advice service about your super. it to a QSuper Accumulation account. Otherwise, you can withdraw all your funds and close your accounts.