account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. If you have more than one Accumulation account, please . 1. 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. 00am to 6. Open an Accumulation Account for Lifetime Pension applicants (pdf). 07m. Allocation 4. If you transfer your account to a QSuper Accumulation account before age 55 none of your benefit can be withdrawn as cash until retirement, including your personal contributions and interest paid before 1 July 1999. View the detailed list of what this option invests in for Accumulation or Income accounts. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. Self Invest is closing to new investors. QSuper and Sunsuper have agreed that the administration fees members pay from their QSuper Accumulation account (s) and Income account (s), and those that are deducted from the Lifetime Pension pool, will be reduced from 0. If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online. 15% per annum. QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. Accumulation account Transition to Retirement Income account. Register now. Keep your personal details up-to-date in Member Online and check your super balance today. 00pm AEST. 68% for the December quarter and -4. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension Complete this form if you want to make either a lump sum withdrawal from your Income account, or transfer funds from your Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. Other publications. More than half (3 in 5) of Australians aged over 65 currently rely solely on. This includes your personal contributions and interest paid before 1 July 1999. Q3. It's easy to check how much insurance you have and make any changes, in Member Online. It aimed to help retirees through market uncertainty. 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. 00am to 6. Switch Investments in an Income Account. accounts in your name so that you receive all your super benefits when you retire. View Focus 1 Dashboard. gov. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. qld. 48 million at 30 June 2021, then you may be able to make non-concessional contributions. 1. 00am to 6. Australian Retirement Trust is the super fund formed through the merger of QSuper and Sunsuper. Or call us on on 1300 360 750 and we’ll send you a copy. Transfer the following amounts to an Income account: $ OR % of my Accumulation account (you must leave a minimum of $10,000. Retirement accounts. • I understand that if I don’t already have an Accumulation account, one will be opened for me. You’re one of more than 585,000 Australians who enjoy the benefits of strong long-term performance1 and low administration fees2 with one of Australia’s largest super funds. Choose to receive regular payments or make one-off withdrawals from your super. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. Online Advice1 – Log in to Member Online for our online advice service about your super. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 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. Withdraw your superStatement for Income Account and Lifetime Pension for more information. 2. au) or with the Open an Accumulation Account form. 00pm AEST. Transfer most of the money I have with QSuper (including my defined benefit, if applicable) to an Income account, but leave the following amount in my Accumulation account (minimum of $10,000). Find out more. QSuper Accumulation account when you make a . If you don’t already have an Accumulation account, you’ll need to open one first. qld. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Super. A transition to retirement (TTR) pension lets you access up to 10% of your super each financial year while you're still working. She retains the remainder in a balanced portfolio. When you have a Defined Benefit account with an attached Accumulation account, the transactions for both of these accounts will be displayed on your Defined Benefit account. 3 This is irrespective of the actual level of payments that you are. 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. Just choose your enquiry type, and type your message and personal details below. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Turning 65 is a condition of release, whether or not you are still working. Income account holders can either make a binding death benefit. There are a few situations where you can withdraw some or all of your super before you reach a certain age or retire, if you need it. 100%. 6. Proof of identity. australian identification copies superannuation funds issued queensland qsuper. 22% p. Grow your super. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. Why QSuper? A focus on long-term performance. The administration fees members pay from their QSuper Accumulation account(s) and Income account(s), and those that are deducted from the Lifetime Pension pool, are proposed be reduced from 0. Phone 1300 360 750. You may also be eligible to claim a tax deduction. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. • Have a superannuation balance of at least $30,000 at commencement. 1. Applications from outside1. Accumulation Account Guide About QSuper’s Accumulation account Welcome to QSuper We’re a profit-for-member fund, and everything we do is to benefit our members. 2. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund, including an SMSF. Past performance is not a reliable indicator of future performance. 1. Your minimum payment amount is a percentage of your Income account balance as at. Each of our options has a different objective, risk profile, and asset allocation. Download . Accumulation. If your QSuper Accumulation account and QSuper Income account balances are less than $6,000 at the end of the financial year (30 June), certain administration and investment fees and costs charged to you are capped at 3% of the account balance. Language assistance. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. We pay this to your QSuper Accumulation account while you’re getting an income protection benefit. 75% of insured salary into your QSuper account. Withdraw your superEmail [email protected] Projection Calculator. Why retire with QSuper. Monday to Friday. Withdraw your super; Seminars and education. Choose your payment amount and frequency. One in three QSuper members will make an insurance claim in their lifetime 1, so we work hard to keep our insurance cover affordable and accessible. Use this for making payments or transferring money into QSuper accounts (except if you're an employer with QSuper as your default super product). Withdraw your super; Seminars and education; Investments Hide. You need to already have a QSuper Accumulation . The administration fees members pay from their QSuper Accumulation account(s) and Income account(s), and those that are deducted from the Lifetime Pension pool, are proposed be reduced from 0. Before completing this claim form, please read the Use this form to withdraw money from your QSuper Accumulation account and choose how to withdraw from your investment options. Super. 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. qld. QSuper Accumulation account when you make a lump sum withdrawal. QSuper Defined Benefit members aged between 60-64 years old have an average QSuper total balance of $544,187 as at 30. Assets test. Maximum superannuation drawdown rates. Open an Accumulation Account. Each of our options has a different objective, risk profile, and asset allocation. Follow the link below to find out more. If you're on a QSuper ill-health pension, tell us any employment, business, or occupation you’ve had in the past 6 months. Use this form if you're at your preservation age and want to withdraw some super. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. Member Online makes it easy to keep track of your QSuper account. 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. 0. financial hardship, compassionate grounds, terminal medical condition, or total and. USI (Unique superannuation identifier) QSuper accounts: 60905115063001. Keep your existing QSuper Accumulation account open, to continue to grow your balance and for your employer to make your super contributions on your behalf Decide how much to withdraw as a regular income stream between a minimum of 4% and a maximum of 10% of the Income account balance The forms you need to consolidate your super from other funds into your QSuper account, or transfer your defined benefit to an Accumulation Account. Accumulation account claim form - QSuper - Queensland Government. Accumulation account claim form - QSuper - Queensland Government1. gov. Make a Withdrawal from an Accumulation Account. Withdraw your super; For QSuper account holders, this means that from 1 July 2022, the administration fees that you pay from any of your QSuper Accumulation account (s) and Income account (s), and those deducted from the QSuper Lifetime Pension pool, will be reduced from 0. Otherwise, there are 2 forms that you need to fill out. it to a QSuper Accumulation account. More reasons to feel good. Designed for people who are still working. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. Access via Member Online. You must keep a minimum balance of $6,000 in an Accumulation account. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. 2. Use this form if you're at your preservation age and want to withdraw some super. Transition to Retirement Income account;. Whether it's for the sake of your health, carer responsibilities, or other reasons, starting your retirement. Withdraw your super; Seminars and education. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. • Have a superannuation balance of at least $30,000 at commencement. 1. The Police account closed to new members on 1 January 1993. au/forms. Please refer to the QSuper Investment Guide (pdf) for. X Option 1 – Withdraw part of my account in cash. 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. With advice available online and over the phone, it's only a call or a few clicks away. • When we restart your Income account, we close your current Income account and transfer all money back to a QSuper Accumulation account. Use this form if you're at your preservation age and want to withdraw some super. As part of a profit-for-members fund, everything we do is for our members – so we provide insurance for when life doesn't go to plan. 3. 6. QSuper Accumulation account when you make a lump sum withdrawal. 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. 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. Why QSuper? A focus on long-term performance. Use our retirement products on their own or in a combination that suits your super. Otherwise, you can withdraw all your funds and close your accounts. International +61 7 3239 1004. 31,545. Find the best retirement account to suit your lifestyle today. 00am to 6. under age 55 and have resigned and choose to transfer your State or Police account to your QSuper Accumulation account, your benefit is preserved, which means you can’t withdraw any of it as cash until you retire. 00pm AEST. Your super balance is taken into account by Centrelink when calculating your Age Pension amount and withdrawing a lump sum could affect your payments and have tax implications. to another super fund, including an overseas . 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. This minimum balance will apply unless you are withdrawing all of your funds and closing your account. 2. qld. 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. Withdraw your super; Seminars and education;. This is because the accounts are bundled together under. Accumulation account Transition to Retirement Income account. If you're an Accumulation account holder aged 50-57 years old, don’t choose an investment option and have $250,000 or more in Lifetime, we invest your money in Lifetime Focus 3. These figures have been rounded for member reporting. Award-winning Money magazine’s Best Retirement Innovator 2023 2. You can join QSuper part of Australian Retirement Trust if you are the spouse, or child under age 25, of an existing QSuper account holder. Get personal advice about your QSuper account at a time that suits you. This decision to reduce fees is subject to confirmation by the. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. Download . Make a Withdrawal from an Accumulation Account. Income for life. or you can also use up to 3 years of cap ($330,000) under bring-forward rules, if your total super balance was less than $1. Accumulation account; Transition to Retirement Income account; Retirement Income account. Withdraw your super; Seminars and education. qld. 1% for Income accounts. au/forms. Refer to the Financial Services Guide (pdf) for more information. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. 75% of your insured salary which includes a contribution replacement benefit of 12. The maximum is $5 million. Download . 1. 5. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. When you're ready, retire with. 16% to 0. Why QSuper?. Hear insights from QSuper’s panel discussion about the forces that may influence investment and risk in a post-pandemic world. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. QSuper Retirement Income account; Super Savings Retirement Income account, Lifetime Pension. Or call us on on 1300 360 750 and we’ll send you a copy. Our performance. Retirement accounts . Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. Ranges. Before rolling your super over, you should check what fees your other super fund charges, and whether you would lose any benefits, such as insurance or pension options. Why retire with QSuper. It must be read in conjunction with Part A of this PDS. Refer to the Financial Services Guide (pdf) for more information. Make a Withdrawal from an Accumulation Account. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. au/forms). 2. Application form contained within the PDS for our Accumulation account. Please refer to the QSuper Investment Guide (pdf) for detailed information. Income account holders can either make a binding death benefit nomination or. While you can't make contributions to an Income account once it's been opened, you can close your current Income account and restart a new Income account with the total of your existing balance and the extra money. Prepared and issued by the QSuper Board ABN. Our performance. 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. If you have an Accumulation or Income account and have made a binding death benefit nomination, your remaining super balance will be paid out in a lump sum to your beneficiary/ies, including any death insurance benefit payout. 00am to 6. QSuper performance review. If you work for the Queensland Police Service as a police officer, your waiting period will be 180 days or accrued sick leave plus approved Queensland Police. 2. Tax and super. 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. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Just keep in mind that it may take up to three business days to get back to you. Mon-Fri 8. 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. Mon-Fri 8. Grow your super. If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online or using the Open an Accumulation Account form. And we're always working on new products and services, like our award-winning Lifetime Pension,. 31 December 2022 5 min read. Retirement accounts . The more you’ve invested in<br />If you have a Defined Benefit account and you accept a redundancy package, your benefit will usually be transferred to a QSuper Accumulation account. This account provides tax-free investment earnings,. If you transfer your account to a QSuper Accumulation account before age 55 none of your benefit can be withdrawn as cash until retirement, including your personal contributions and interest paid before 1 July 1999. 3 Increase your account balance or make a contribution. 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. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Why you'll love it here. Withdraw your super; Seminars and education. If you have a QSuper account with us, you'll still log in through the QSuper website. An account-based pension has various names within the superannuation industry. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. Get started now. Withdraw your super. If you are . Use this form if you're at your preservation age and want to withdraw some super. Make a Withdrawal from an Accumulation Account. Fax 1300 242 070 Website qsuper. 2. This minimum balance will . Accumulation account Transition to Retirement Income account. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 5% to 6% of her balance due to the end of the temporary reduction in minimum withdrawals and her 75. When you're ready, retire with QSuper. You'll need to do this before you open your Lifetime Pension. Register now. You can withdraw from accumulation if you have met. Withdraw your superNumber of units x Daily unit price = Value of your super. (QSuper accounts only). 16% to 0. Defined Benefit Account Guide (including Deferred. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be. After reviewing our member insurance arrangements recently with our. withdrawal or transfer out of my QSuper Accumulation . decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. If you have an Income account and have made a reversionary beneficiary nomination, your dependant can. Your super balance is counted as an asset. It’s the QSuper you’ve always known, together with the scale, strength, and stability of a super fund looking after $200 billion in retirement savings for more than 2 million members. Transfer your cover from another insurer or super fund to your QSuper account. If you need a quicker answer, feel free to call us. Use this form if you want to make a one-of voluntary contribution to your QSuper Accumulation account via EFTPOS, cheque, or money order. apply unless you. With the ability to make withdrawals when you need to, it gives you the flexibility and confidence to enjoy the life you want after work. You will need to keep a minimum of $10,000 in your . QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. g. We’d love to hear from you. a. Withdraw your super; Seminars and education; Investments Hide. 00pm AEST. 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. 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. Why QSuper? A focus on long-term performance. If you're an Accumulation account holder aged 58 years old or over, don’t choose an investment option and have less than $300,000 in Lifetime, we invest your money in Lifetime Sustain 1. 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. The graph shown above is based on unit prices, which are net of fees and taxes. View all. gov. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. Why retire with QSuper. Depending on where you work, you can also salary sacrifice into other things like buying a car. 00pm AEST. If you have multiple super funds and . The members must have received money from an expired fund member after the first of July 2016. The Morningstar Australia Awards, which were announced on 23 February, are designed to recognise and celebrate the. This is the amount that is charged to a member’s 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. Transfer Your Defined Benefit to an. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Does closing Self Invest impact the annual access fees I'm paying, or any other fees or costs such as brokerage? 1300 360 750. Ranges. 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. Police account until age 55 or transfer it to a QSuper Accumulation account. Pension, you will also need to complete the Open an Income Account and/or Lifetime Pension form at the back. 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. In the event the Trustee suspends unit prices on any or all. You can learn more about make super payments here. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . Withdraw your super;. 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. 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. Mon-Fri 8. 00am to 6. We then know how much tax to withhold from your payments. While term deposits generally can't be broken, you may be granted access to withdraw or transfer your super due to special circumstances. 00am to 6. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. Application to Transfer My Insurance to QSuper. We strive to help each of our members make the most of Your Accumulation account gives you the flexibility to select your own investment options and choose the insurance cover that’s right for you. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourNews Superannuation. Other assets. Your quick guide to your super obligations. Default option for members with an Accumulation account who have not made an investment choice. Super. The Age Pension is a fortnightly allowance paid to eligible Australian residents by the government. Her annual minimum withdrawal will increase from 2. Award-winning. More reasons to feel good. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. Past performance is not a reliable indicator of future performance. Transition to Retirement Income account;. If you are 60Make a Withdrawal from an Accumulation Account. QSuper Accumulation account when you make a lump sum withdrawal. This means after investment fees and costs, transaction costs, and investment taxes. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. Generally, you need to wait until after the financial year ends to apply (unless you're leaving your. Investment earnings (returns) are generally tax-free for Retirement Income accounts, 1 and taxed at up to 15% for Transition to Retirement Income accounts. This minimum balance will . • This product is designed for consumers within Australia in accordance with Australian laws and regulations. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. 00pm AEST. Super. As a fund that works for members, not shareholders, we work in members’ best interests, and are. Your annual statement will show your opening balance at the beginning of the financial year, compared with your closing balance at the end of the financial year. You need to have been a member with us for at least 12 months. au Fax 1300 242 070 Website qsuper. • Withdraw your benefit as cash. We apologise for any inconvenience. 8am–6pm AEST. 1. gov. Download. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. Our award-winning Retirement Income account is an account-based pension that turns your super into income payments and offers several tax benefits. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 00am to 6. 10-year annual return - Balanced option 3.