au Fax 1300 242 070 Website qsuper. Accumulation account (if applicable)? No, I don’t want to withdraw money. • 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). And we're always working on new products and services, like our award-winning Lifetime Pension,. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Withdraw your super; Seminars and education. Complete online Download . More reasons to feel good. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Insurance cover can help you and your family feel prepared and protected. Accumulation account Transition to Retirement Income account. We’re one of Australia’s largest super funds and proud to take care of over $200 billion in retirement savings for more than two million members. Fund Details from 1 July 2022. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. Orders that are placed for a term deposit before the cut off time (AEST 3. 1300 360 750. Try it now. tell us the account(s) you want to split contributions from. Use this form if you want to make a one-of voluntary contribution to your QSuper Accumulation account via EFTPOS, cheque, or money order. au/forms. qld. 15-year platinum. Default option for members with an Accumulation account who have not made an investment choice. australian identification copies superannuation funds issued queensland qsuper. 1. Why QSuper?. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. Only Queensland Government employers (or related entities) can keep your Defined Benefit account open. If you don’t have one yet, please apply first at qsuper. Withdraw your super; Seminars and education. Refer to the Financial Services Guide (pdf) for more information. If you're age 60 or over, it's tax-free. financial hardship, compassionate grounds, terminal medical condition, or total and. Join QSuper. Australian Retirement Trust was formed through the merger of QSuper and Sunsuper on 28 February 2022. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. To open a TTR account, you'll need to meet the following conditions: Under age 65 but you've reached your access age; Still employed; At least $30,000 available for your TTR account (plus $10,000 in your Accumulation account) QSuper account holder (find out who can be a member). Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. Voluntary contributions are projected as part of the Accumulation 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. QSuper Member Online is a secure member site owned by Australian Retirement Trust Pty Ltd ('Trustee') (ABN 88 010 720 840, AFSL 228975) as trustee for Australian Retirement Trust ('the Fund') (ABN 60 905 115. Last name. Download . Deeming and your QSuper account. 22% p. If you're eligible, it only takes 10 minutes to apply online and. 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. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. Non-concessional (after-tax) personal/voluntary contributions. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. 1. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). g. Use this form if you want to close your Defined Benefit account and transfer your funds into an Accumulation account. They don't have to wait until age 25 and over. 16% to 0. Award-winning. Keep your personal details up-to-date in Member Online and check your super balance today. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. See full list on qsuper. Other details. We'll refund to you any amount already charged above the cap. 09 November 2020 5 min read. Superannuation. 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. 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. However, if you prefer, you can fill in and send us a QSuper investment switch form. You will need to keep a minimum of $10,000 in your . We apologise for any inconvenience. Consolidate now. 1. Stapling aims to reduce unintended multiple accounts. Downsizer super contributions allow eligible Australians to make a one. Accumulation Account Guide About QSuper’s Accumulation account Welcome to QSuper For over 100 years, QSuper has looked after the people who look after Queensland. qld. For every $50,000 you have in the superannuation product you will be charged or have deducted from your investment $110 in administration fees and costs. a. 75% of insured salary into your QSuper account. 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. apply unless you. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. Withdraw your super; Seminars and education;. Currently Yumiko has 10% of her super pension invested in cash for short-term needs. How those changes might impact you depends on your age, cover amount and employment details (including occupational rating). As a fund that works for members, not shareholders, we work in members’ best interests, and are. gov. You can find out more in the Self Invest Guide (pdf). Age available. This Accumulation Account Guide provides details about the QSuper Accumulation account product, and other important topics like how fees and taxation apply to the. collected before starting your new Income account. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. • Have a superannuation balance of at least $30,000 at commencement. Withdraw your superNumber of units x Daily unit price = Value of your super. More reasons to feel good. Withdraw your superNumber of units x Daily unit price = Value of your super. With advice available online and over the phone, it's only a call or a few clicks away. 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. When you're ready, retire with QSuper. More reasons to feel good. Does closing Self Invest impact the annual access fees I'm paying, or any other fees or costs such as brokerage? 1300 360 750. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. The graph shown above is based on unit prices, which are net of fees and taxes. The cost of product assumes a balance of $50,000 at the beginning of the year, and is based on fees and costs for the year ended 30 June 2023. QSuper’s Accumulation account insurance cover changes on 1 July 2019, including changes to income protection waiting periods. Previous name. Find out more. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. 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. You can choose from Lifetime, Diversified, or Single Sector options, or use the QSuper Self Invest option for a more hands-on approach. Use this form if you're at your preservation age and want to withdraw some super. Log in. A multiple of 0. If you want to move all your money to the Accumulation account at once, you can ask us to transfer your employer's part as well, but it will be slightly discounted. $ OR. You need to already have a QSuper Accumulation . More reasons to feel good. 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. Up to the automatic acceptance limit; eligibility criteria apply. Her annual minimum withdrawal will increase from 2. Prepared and issued by the QSuper Board ABN. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. 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. 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. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. You don’t need to use. Alex puts the $200,000 into super as a non-concessional (after-tax) contribution, using the bring-forward rules to. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. a. Keeping track of your super is one place to start in helping you take control of your financial future. If you have more than one Accumulation account, please . Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Accumulation account Transition to Retirement Income account. For disability payouts, it depends whether you take a lump sum or income payments. 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. Please note you are unable to consolidate Lifetime Pensions. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. What does the QSuper and Sunsuper merger mean for members' accounts? Read answers to commonly asked questions about the merger. You may be able to increase your Age Pension payments (if eligible) by using some of your super to purchase a Lifetime Pension , because of how it is treated in. Withdraw your super; Seminars and education. Our performance. Before you consolidate your super accounts, consider if the timing is right and if you will lose access to benefits such as insurance or pension options, or if there are any fee or tax implications. Use our calculators to plan your retirement, find out how to grow your super, and understand your insurance needs. Understand the detail and the choices you can make. Guides. 10-year annual return - Balanced option 3. 100%. 1. If they want to open a QSuper retirement product, they can do this in Member Online. 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. Withdraw your super; Seminars and education;. Generally, you need to wait until after the financial year ends to apply (unless you're leaving your. 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. Important information You should consider the information contained in this guide, the Product Disclosure Statement for AccumulationView the detailed list of what this option invests in. Once you purchase a Lifetime Pension, you can't withdraw that money after the 6-month cooling off period, except for terminal illness or death. 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. 2. 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. If you don’t already have an Accumulation account, you’ll need to open one first. QSuper Accumulation account when you make a lump sum withdrawal. 1. 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. au This form and all QSuper products are issued by Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228975) as trustee for Australian Retirement Trust (ABN 60. Applications from outside1. Accumulation account Transition to Retirement Income account. To make sure you get the government's matching co-contribution, you need to: Make an after-tax contribution (add money from your bank to your super) or standard member contribution; Earn less than $58,445 total in 2023-24 1, and 10% of your income must come from your employers and/or running your. Complete online Download . 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. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. This option is designed for medium to long-term investing, with some assets that can potentially give higher returns. 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. Option 2: Rollover to another fund (select an option 3) Maximum amount. Transfer Your Defined Benefit to an. This balance consists of $350,000 of tax-free components and. 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. 2. Claim and withdrawal forms. Accumulation account; Transition to Retirement Income account; Retirement Income account ;. qld. • I understand that if I don’t already have an Accumulation account, one will be opened for me. You can access your super, without restrictions, even if you're still working. You can: Convert your super into a pension (also called a retirement income stream) Cash a lump sum; Leave super in the accumulation phase (such as in your current super account) Combine two or all three above options. 2 As such, the balance of your Retirement Income account will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. You can split up to 85% of your eligible before-tax contributions for a financial year. As at 30 June 2023. qld. • Have a superannuation balance of at least $30,000 at commencement. Monday to Friday. The members must have received money from an expired fund member after the first of July 2016. au/pds. 00pm AEST. If we already have your TFN, you do not need to give it to us again. 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). Withdraw your super; Seminars and education. 8am–6pm AEST. gov. Accumulation Account Departing Temporary Resident Claim. Use this form if you're at your preservation age and want to withdraw some super. When you make a claim, we'll ask you to provide information about your condition and occupation to help us assess your claim. Withdraw your super; Seminars and education;See the Sunsuper and QSuper merger guide for details. 15% per annum from 1 July 2022. This document is Part B of the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (PDS). If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. Up to the automatic acceptance limit. Make a Withdrawal from an Accumulation Account. Withdraw your super. Get personal advice about your QSuper account at a time that suits you. Would you like to make a withdrawal from your . When you apply to open a QSuper account you will be joining Australian Retirement Trust, and may be referred to as a. This account provides tax-free investment earnings,. Returns from cash are now expected to move lower and could likely become. From 1 July 2022 the administration fees that a member pays pay from any of their QSuper Accumulation accounts and Income accounts, and those deducted from the QSuper Lifetime Pension pool, were reduced from 0. Super. Mon-Fri 8. Start or Change Regular Contributions to Your Super. Your TFN. You won’t be able to withdraw the amount if you don’t meet a condition of release. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. View Focus 1 Dashboard. Withdraw your super;. We strive to help each of our. Simply log in to Member Online or download the QSuper app, to. 4. Defined Benefit Account Guide (including. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. Or call us on on 1300 360 750 and we’ll send you a copy. 2. 1. 2. Super. 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. More reasons to feel good. Accumulation account claim form - QSuper - Queensland Government. 10-year annual return - Balanced option 3. Make a Withdrawal from an Accumulation Account. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 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're not eligible for a QSuper account, don't worry – you can still join. 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. 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. qld. Accumulation account Transition to Retirement Income account. Turn your super into regular payments using a retirement income stream. Follow the link below to find out more. 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. Your Police account remains open until you are no longer employed as a Police officer, or you decide to transfer to another type of QSuper account. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. Choose investments. The reduction ends on 30 June 2023. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. • I understand that any money I add to this account will be automatically invested in the QSuper Lifetime investment option unless I made another decision in section 2 of this form. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . If you have a Transition to Retirement Income account, you can't get more than 10% of your account balance each financial year. 1. 1. 6. So that you can see how your savings are tracking over time, we have also included a graph showing your account balance as at 30 June for the last five. 00pm AEST. gov. International +61 7 3239 1004. Make a withdrawal. Download . 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. Changes to QSuper’s Accumulation account insurance cover, taking effect from 1 July, were outlined to all members in May. You need to send us a Transfer Your Defined Benefit to an Accumulation Account form to let us know how you want to invest your benefit and whether you would like insurance through your super. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. 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 make voluntary contributions into your superannuation account from your after-tax income (also called non-concessional or personal contributions), you are contributing towards your future financial wellbeing. gov. 0. We’re one of Australia’s largest super funds and proud to take care of over $200 billion in retirement savings for more than two million members. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Introduction<br /> What is superannuation<br /> Superannuation is a long-term investment for your<br /> future retirement lifestyle. 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. If you're eligible to open a QSuper account, it only takes around 10 minutes to apply online, and you'll be on your way to enjoying the QSuper feeling. 100%. I confirm I've received, read and understood. Award-winning. Income account holders can either make a binding death benefit. 5. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. Pension, you will also need to complete the Open an Income Account and/or Lifetime Pension form at the back. Transfer your cover from another insurer or super fund to your QSuper account. 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. 00pm AEST. A multiple of 0. . In the Accumulation account, you can (if eligible): •. Yumiko will be 75 on 1 July 2023. If you have a QSuper account with us, you'll still log in through the QSuper website. Accumulation account Transition to Retirement Income account. Withdraw your superBalanced portfolio. Withdraw your super; Seminars and education; Investments Hide. We’d love to hear from you. If you need to access your super, we'll ask you for a valid form of identity (ID). Award-winning Money magazine’s Best Retirement Innovator 2023 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. QSuper Member Online is a secure member site owned by Australian Retirement Trust Pty Ltd ('Trustee') (ABN 88 010 720 840, AFSL 228975) as trustee for Australian Retirement Trust ('the Fund') (ABN 60 905. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. The information in this document forms part of the QSuper Product Disclosure Statement for Accumulation Account (PDS) issued on 1 March 2021, as the PDS references information that you will find in this guide. apply unless you. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. 2. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. Accumulation Account Guide About QSuper’s Accumulation account Welcome to QSuper For over 100 years, QSuper has looked after the people who look after Queensland. You may be able to do this by having an QSuper Accumulation account open for contributions, while supplementing your reduced income with payments from your QSuper Transition to Retirement Income account. Download . Want to change how your super funds are invested in your Accumulation or Income account? Access the forms and information you need here. 1300 360 750. Past performance is not a reliable indicator of future performance. Get started now. Change how your super is invested, or change which investment option your income payments. gov. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. a. 60 to 64. We calculate unit prices every. Find out. 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. Change payment frequency and amount. Accumulation account insurance, if eligible. Use this form if you're at your preservation age and want to withdraw some super. Withdraw some or all of your balance when you need it. 16% to 0. This is an extra payment on top of the superannuation guarantee contribution your employer has to make. Default option for members with an Accumulation account who have not made an investment choice. Residential addressWould you like to make a withdrawal from your . How to withdraw super Early access to super. When we pay your super to your chosen beneficiaries, it will include any death cover you may have had through your Accumulation account. You can access your super as long as you've permanently retired. When you're ready,. 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. More reasons to feel good. Early withdrawal for disability or financial hardship. qld. 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. 1300 360 750. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. You need to provide your personal details, tax file number, bank details, and tax options for your payment. 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. Easily give your employer your new QSuper account details. You can check the asset allocation for each by selecting the account type. 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. Open an Accumulation Account for Lifetime Pension applicants (pdf). a. QSuper Accumulation account when you make a . QSuper’s Accumulation account, Balanced Option only, ranked fourth. We pay this to your QSuper Accumulation account while you’re getting an income protection benefit. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. Why QSuper? A focus on long-term performance. If they're not a QSuper member yet, we'll open an Accumulation account for them. EXAMPLE — QSuper Accumulation account (Lifetime Outlook) BALANCE OF $50,000. Super. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund, including an SMSF. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime PensionComplete 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. Mon-Fri 8. This decision to reduce fees is subject to confirmation by the. accounts in your name so that you receive all your super benefits when you retire. These figures have been rounded for member reporting. 2. qld. I’d like to withdraw the following amount (net). Withdraw your super; Seminars and education;. 9% for the Lifecycle option's Balanced Pool, and 11. 75% of your insured salary which includes a contribution replacement benefit of 12. 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. Amount $ , ,Open a QSuper account. Other publications. Superannuation. Read our Defined Benefit Guide (pdf) 1. Use this form if you're at your preservation age and want to withdraw some super. $67. 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. 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. 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. Download . Accumulation account Transition to Retirement Income account. fund), you may be able to claim a tax deduction on the contributions that remain in your QSuper Accumulation. When you're ready, retire with QSuper. Transfer some or all of your Super Savings Accumulation account balance into your new Retirement Income account. Withdraw your superFor 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.