2. If you don't have a QSuper account, you can apply to join QSuper online if your spouse has a QSuper account. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. Cash. 09 November 2020 5 min read. 00pm AEST. Please note you are unable to consolidate Lifetime Pensions. You'll need to do this before you open your Lifetime Pension. We strive to help each of our. This option is designed for medium to long-term investing, with some assets that can potentially give higher returns. 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. The graph shown above is based on unit prices, which are net of fees and taxes. Contributing spouse’s account to withdraw from. This includes your personal contributions and interest paid before 1 July 1999. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension; Why QSuper? A focus on long-term performance. 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. You will need to keep a minimum of $10,000 in your . 2. Super and Retirement Planning Calculators Salary Sacrifice Calculator Insurance Needs Calculator Insurance Premium Estimator Super Co-contribution Calculator. 3 Increase your account balance or make a contribution. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. In the event the Trustee suspends unit prices on any or all. A multiple of 0. This is the amount. International +61 7 3239 1004. au qsuper. Withdraw your super. 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. Mon-Fri 8. It's easy, and you have 5 options for how to make a voluntary contribution to your Accumulation account: Payroll: Contact your employer’s payroll office to see if they offer this service. Contributing spouse’s account to withdraw from. Use this for making payments or transferring money into QSuper accounts (except if you're an employer with QSuper as your default super product). 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. 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 Accumulation account claim form - QSuper - Queensland Government. To set up ongoing contributions as a Queensland Government. Early withdrawal for disability or financial hardship. • 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). 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. Your quick guide to your super obligations. 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. 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 under 60, it depends if you're at your preservation age how much tax. The QSuper Balanced Accumulation option returned 2. Eligibility for the super co‑contribution 2023‑24. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. Accumulation account Transition to Retirement Income account. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. Make a withdrawal. Past performance is not a reliable indicator of future performance. 75% of insured salary into your QSuper account. 00pm AEST. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. 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. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Withdraw your superEmail [email protected] Projection Calculator. au . If you have more than one Accumulation account, please . The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. Here we explain what this means for QSuper members who have insurance cover with an Accumulation account. Super you can trust. You can access your super as long as you've permanently retired. 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. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. Language assistance. 00am to 6. Accumulation account Transition to Retirement Income account. Turn your super into regular payments using a retirement income stream. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. 1300 360 750. Quick, easy investment advice. You can choose from Lifetime, Diversified, or Single Sector. 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. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. Complete online Download. Grow your super. au Fax 1300 242 070 Website qsuper. 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. 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. au) or with the Open an Accumulation Account form. In the event the Trustee suspends unit prices on any or all. 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. 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. tell us the account(s) you want to split contributions from. Find out more. Complete online Download. 1. it to a QSuper Accumulation account. 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. Use this form if you're at your preservation age and want to withdraw some super. 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. 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're on a QSuper ill-health pension, tell us any employment, business, or occupation you’ve had in the past 6 months. Access via Member Online. Enjoy life after work, with our range of award-winning retirement solutions. This account provides tax-free investment earnings,. This means after investment fees and costs, transaction costs, and investment taxes. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. If you want to claim a tax deduction for a QSuper account, you need to: Be a QSuper member with an Accumulation account; Make personal after-tax contributions or standard contributions to your QSuper Accumulation account before 30 June in the financial year you want to claim the deduction (allow extra time for bank processing or postal delays, especially if paying by cheque or money order) 1. 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 balanceThe forms you need to consolidate your super from other funds into your QSuper account, or transfer your defined benefit to an Accumulation Account. This includes your personal contributions and interest paid before 1 July 1999. 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. If you have a Defined Benefit or Income account, please refer to the relevant FAQs below. 7. 100%. Applications from outside1. If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online. Make a Withdrawal from an Accumulation Account. contributions only. Award-winning. qld. You need to provide your personal details, tax file number, bank details, and tax options for your payment. If you don’t have one, we may refer you to an accredited external financial adviser. When you're ready, retire with. The Age Pension is a fortnightly allowance paid to eligible Australian residents by the government. g. Prepared and issued by the QSuper Board ABN. your Accumulation account and wait until all your money is . 1. 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. apply unless you. qld. I have an existing QSuper Accumulation account. Or call us on on 1300 360 750 and we’ll send you a copy. 3. Nominate who gets your super Find out who you can leave your super to when you pass away and make sure your loved ones are provided for. You must keep a minimum balance of $6,000 in an Accumulation account. Choose your payment amount and frequency. 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. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 1300 360 750. So an Income account can be helpful because it allows withdrawals at any time. Up to the automatic acceptance limit. 1% for Income accounts. Accumulation account Transition to Retirement Income account. More reasons to feel good. 00pm AEST. You may also be eligible to claim a tax deduction. 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 QSuper Accumulation account when you make a lump sum withdrawal. Would you like to make a withdrawal from your . 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. 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. Your Adviser – We can work with your adviser. 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. Income account and Lifetime Pension. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. Use our calculators to plan your retirement, find out how to grow your super, and understand your insurance needs. Other details. Accumulation account Transition to Retirement Income account. Withdraw your super; Seminars and education. 31,545. Assets test. This balance consists of $350,000 of tax-free components and $900,000 of. 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. 00am to 6. Find out more about your insurance and COVID-19. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 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. When you're ready,. Just keep in mind that it may take up to three business days to get back to you. Defined Benefit Account Guide (including. Super. If you need to access your super, we'll ask you for a valid form of identity (ID). Simply log in to Member Online or download the QSuper app, to. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. ABN (Australian business number) 60 905 115 063. Get personal advice about your QSuper account at a time that suits you. Yumiko will be 75 on 1 July 2023. Centrelink's income and assets tests for the Age Pension treat an Income account and a Lifetime Pension differently. 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. Financial hardship withdrawals are taxed as a lump sum at up to 17% to 22% if you're under 60, and tax-free over 60. Online Advice1 – Log in to Member Online for our online advice service about your super. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. a. qld. He has a superannuation accumulation balance of $1,250,000. X Option 1 – Withdraw part of my account in cash. financial hardship, compassionate grounds, terminal medical condition, or total and. The member must have a definite accumulation account in the company’s fund and must come under the qualification for the white collar rates professional or standard rates. Once opened, we will pay your insurance benefit into this. 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. 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. 16% to 0. Accumulation account Transition to Retirement Income account. It's a type of account-based pension or retirement income stream specifically for people under 65 years old. The graph shown above is based on unit prices, which are net of fees and taxes. gov. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 00am to 6. 3. There are also rules regarding withdrawing your payments, including minimum and maximum limits per year. 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. Our app is designed for members with a QSuper account. 16% to 0. Accumulation account Transition to Retirement Income account. How unit prices are calculated. When you're ready, retire with QSuper. The Police account closed to new members on 1 January 1993. Please refer to the QSuper Investment Guide (pdf) for detailed information. QSuper provides insurance cover for when life doesn't go to plan. Withdraw your super; Seminars and education;. QSuper Accumulation account when you make a . In the Accumulation account, you can (if eligible): •. 1300 360 750. Why QSuper? A focus on long-term performance. You need to provide your personal details, tax file number, bank details, and tax options for your payment. Mon-Fri 8. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. Take a lump sum You can receive the full amount at. You'll find this in the back of the Accumulation. Contribute to your spouse's super. Withdraw your super;. Refer to the Financial Services Guide (pdf) for more information. Why retire with QSuper. Withdraw your super; Seminars and education; Investments Hide. Our award-winning Retirement Income account lets you pay yourself a regular income from your super once you finish work, with the balance invested. Why QSuper? A focus on long-term performance. Depending on your superannuation provider, if you satisfy your condition of release, you may also be able to consider making ad-hoc withdrawals from your super account. . Use our retirement products on their own or in a combination that suits your super. View all. 00am to 6. This minimum balance will apply unless you are withdrawing all of your funds and closing your account. Complete online Download. Transition to Retirement Income account;. Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. They don't have to wait until age 25 and over. The Reserve Bank of Australia (RBA) recently cut its official cash rate to a record low of 0. Over 10 years, it returned 8. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . Accumulation account Transition to Retirement Income account. You don’t need to use. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. 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. I confirm I've received, read and understood. 1 (if we know you by another name) Date of birth (dd/mm/yyyy) / / Home phone number Mobile phone number Work phone number. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. 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. It's easy to check how much insurance you have and make any changes, in Member Online. tell us the account(s) you want to split contributions from. The Chant West data is based on information provided by third parties that is believed to be accurate at 30 June 2019. I’d like to withdraw the following amount (net). 15% per annum1 • The administration fee cap will be reduced from $900 toFrom 1 July 2023, we’ve made some changes to the insurance we offer through your Accumulation account that may affect you. USI (Unique superannuation identifier) QSuper accounts: 60905115063001. Tax and super. 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. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. Our performance. au Fax 1300 242 070 Website qsuper. Last name. 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. If you are . Accumulation account; Transition to Retirement Income account; Retirement Income account ;. Longer-term returns remain strong,. Set a budget. 1300 360 750. 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. How those changes might impact you depends on your age, cover amount and employment details (including occupational rating). The Cash option invests in a mix of deposits at call, bank bills, and term deposits. 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 can learn more about make super payments here. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. 10-year annual return - Balanced option 3. 15% per annum. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. 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. Super. 2. They don't have to wait until age 25 and over. QSuper Accumulation account when you make a lump sum withdrawal. or 30% contributions tax if your income plus contributions is more than $250,000 per year. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. Super. 07m. If they want to open a QSuper retirement product, they can do this in Member Online. If that’s you, it’s easy to apply online now. Default option for members with an Accumulation account who have not made an investment choice. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. 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 Retirement Trust (ABN 60 905 115 063) (Fund). If we already have your TFN, you do not need to give it to us again. 2. 3. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Accumulation account Transition to Retirement Income account. 100%. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Home owner. Super. Or call us on on 1300 360 750 and we’ll send you a copy. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options. That. 31 December 2022 5 min read. Email [email protected] account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Choose investments. QSuper performance review. 0. 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. More reasons to feel good. au/PDS or call us on 1300 360 750 to request a copy. Hear insights from QSuper’s panel discussion about the forces that may influence investment and risk in a post-pandemic world. Super. Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. qld. Lifetime Pension Why QSuper? A focus on long-term performance. Can I join? Past performance is not a reliable indicator of future performance. 2. Retired. 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. 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. 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. Accumulation account Transition to Retirement Income account. Just as you may keep track of your bank accounts, you can also keep track of your super account. 65 or over. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. Past performance is not a reliable indicator of future performance. 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. Withdraw your superHow an account-based pension works. Currently Yumiko has 10% of her super pension invested in cash for short-term needs. You can choose from Lifetime, Diversified, or Single Sector options, or use the QSuper Self Invest option for a more hands-on approach. As an Australian Retirement Trust member, you’re winning. She retains the remainder in a balanced portfolio. Defined Benefit Account Guide (including Deferred. For more information on eligibility to claim a tax deduction, please refer to How to Claim or Vary a Tax Deduction for Contributions factsheet. Award-winning. Complete online Download. Language assistance. 1300 360 750. Applications from outside1. Do not complete this form if you want to:4. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be optimally indexed by Google via AI and sorted into the right category for over 500 million ePaper readers on YUMPU. You can access your super as long as you've permanently retired. qld. This includes a 12. Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation 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. Application to Cancel Insurance. You generally need to be retired or 65 years old to open our Income account. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. 2. Past performance is not a reliable indicator of future. Accumulation Account Departing Temporary Resident Claim. Mon-Fri 8. Keep your personal details up-to-date in Member Online and check your super balance today. Use this form if you want to close your Defined Benefit account and transfer your funds into an Accumulation account. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. au) or with the Open an Accumulation Account form (qsuper. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Her annual minimum withdrawal will increase from 2. It is important to. 77% over the year to December 2022. 48 million at 30 June 2021, then you may be able to make non-concessional contributions. • When we restart your Income account, we close your current Income account and transfer all money back to a QSuper Accumulation account. accounts in your name so that you receive all your super benefits when you retire. gov. Withdraw your super;. 16% to 0. Orders that are placed for a term deposit before the cut off time (AEST 3. Super. Deposit and contribution forms. If you want to open a Transition to Retirement Income account, Retirement Income account, and/or purchase a Lifetime . If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. Super. Insurance cover can help you and your family feel prepared and protected. This minimum balance will . If you have a Defined Benefit account and are under age 55, your beneficiaries will be paid your projected benefit to age 55. PLUS Investment fees and costs. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. If your Accumulation and/or Income account balance is under $6,000, your fees (including all admin and investment fees and costs, and transaction costs) are capped at 3% of your account balance.