• Have a superannuation balance of at least $30,000 at commencement. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. QSuper performance review. Download . If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online. 26 March 2021 5 min read. Once you have our acknowledgment letter, lodge your tax return, stating the amount you are claiming in the supplementary section of your tax return. With advice available online and over the phone, it's only a call or a few clicks away. of Intent to Claim or Vary a Deduction for Personal Super Contributions form before this money is transferred out of your Accumulation account. Complete online Download. The maximum is $5 million. This balance consists of $350,000 of tax-free components and $900,000 of. 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. Last name. 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. Withdraw your super;. We strive to help each of our. Why QSuper? A focus on long-term performance. More reasons to feel good. Amount $ , ,Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. The money needs to come from: Your Accumulation account, Your Transition to Retirement Income account, or; A superannuation death benefit. You can choose from Lifetime, Diversified, or Single Sector options, or use the QSuper Self Invest option for a more hands-on approach. 8am–6pm AEST. Check your account balance. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Why QSuper? A focus on long-term performance. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. She retains the remainder in a balanced portfolio. 22% p. Make a withdrawal. 48 million at 30 June 2021, then you may be able to make non-concessional contributions. If you have a QSuper account with us, you'll still log in through the QSuper website. Age available. You won’t be able to withdraw the amount if you don’t meet a condition of release. You need to have been a member with us for at least 12 months. qld. Otherwise, you can withdraw all your funds and close your accounts. 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). 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. Use this form if you're at your preservation age and want to withdraw some super. In 2020, the Government introduced a temporary reduction by 50% to minimum drawdown requirements for account-based pensions, such as the QSuper Income account. If you don't have a QSuper account, you can apply to join QSuper online if your spouse has a QSuper account. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. Withdraw your superHow an account-based pension works. 2. Get personal advice about your QSuper account at a time that suits you. 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. These definitions can be found in the QSuper Insurance Guide (pdf). 2 Request to transfer your SMSF money to QSuper by using any of the following options: Option 1 Ask QSuper to arrange the transfer of money fromTogether it's more super. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. I have an existing QSuper Accumulation account. Option 1 – Claim through QSuper. Retired. 16% to 0. The reduction ends on 30 June 2023. When you're ready, retire with QSuper. a. We apologise for any inconvenience. 15-year platinum. Or call us on on 1300 360 750 and we’ll send you a copy. 1. 1. Assets. accounts in your name so that you receive all your super benefits when you retire. Make a Withdrawal from an Accumulation 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. 00am to 6. Why QSuper? A focus on long-term performance. Mon-Fri 8. Withdraw your super; Seminars and education;. Your TFN. You will need to keep a minimum of $10,000 in your . There are also tax advantages to super, making it one of the most tax-effective ways. It’s a popular and tax-effective way to access your super. Mon-Fri 8. Eligibility conditions apply. Mon-Fri 8. Whether it's for the sake of your health, carer responsibilities, or other reasons, starting your retirement. 60% p. If we already have your TFN, you do not need to give it to us again. 16% to 0. a. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. gov. 00pm AEST. 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. 2. When you retire and reach the age you can access your super, you can either leave the money in your Accumulation account and make withdrawals when you need to, and/or use the money for a Retirement Income account and/or a. Combined with other measures aimed at boosting the economy, the near-zero rate has dramatically changed expectations for cash returns. 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. Superannuation. If you have more than one Accumulation account, please . 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). QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. Or call us on on 1300 360 750 and we’ll send you a copy. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. 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. 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. If you are transferring money to another super fund, you will need to keep a minimum of $6,000 with QSuper. au/PDS or call us on 1300 360 750 to request a copy. 00pm AEST. Can I join? Past performance is not a reliable indicator of future performance. Simply log in to Member Online or download the QSuper app, to. The graph shown above is based on unit prices, which are net of fees and taxes. If you need to access your super, we'll ask you for a valid form of identity (ID). 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). Award-winning. QSuper Accumulation account when you make a . 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. However, if you prefer, you can fill in and send us a QSuper investment switch form. financial hardship, compassionate grounds, terminal medical condition, or total and. If you need a quicker answer, feel free to call us. They don't have to wait until age 25 and over. You can choose from Lifetime, Diversified, or Single Sector. If they're not a QSuper member yet, we'll open an Accumulation account for them. Open a QSuper account. When you're ready,. 22% p. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. Mon-Fri 8. Open an Accumulation Account for Lifetime Pension applicants (pdf). Make a Withdrawal from an Accumulation Account. 06 March 2023 3 min read. au Title First name. contributions only. It's a type of account-based pension or retirement income stream specifically for people under 65 years old. Australian Retirement Trust was formed through the merger of QSuper and Sunsuper on 28 February 2022. QSuper Defined Benefit members aged between 60-64 years old have an average QSuper total balance of $544,187 as at 30. The members must have received money from an expired fund member after the first of July 2016. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. 15% per annum. 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. Previous name. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. You may also be eligible to claim a tax deduction. Spouse Deposit. Learn more about our super Accumulation account with investment options that include Lifetime, Diversified, and Single Sector. More reasons to feel good. gov. I’d like to withdraw the following amount (net). 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. Manage your Income account. gov. 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. Complete online Download . 0. 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 that’s you, it’s easy to apply online now. paid in Retirement Bonuses. Accumulation Account Departing Temporary Resident Claim. 210 means 21% of your final salary. 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. Email QSuper. Income account holders can either make a binding death benefit nomination or. Our app is designed for members with a QSuper account. Currently Yumiko has 10% of her super pension invested in cash for short-term needs. Switch Investments in an Income Account. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Complete online Download . 4. 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. If you end an employment arrangement on or after age 60, you can also access the super you've earned up until then. If they want to open a QSuper retirement product, they can do this in Member Online. QSuper account, it's important to lodge a Notice . Non-concessional (after-tax) personal/voluntary contributions. So your balance will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. Register now. Accumulation account; Transition to Retirement Income account; Retirement Income account ;. Lifetime Pension Why QSuper? A focus on long-term performance. Australian Retirement Trust. Complete online Download. Use this form if you're at your preservation age and want to withdraw some super. The Chant West data is based on information provided by third parties that is believed to be accurate at 30 June 2019. This option is designed for medium to long-term investing, with some assets that can potentially give higher returns. Investment option Percentage of withdrawal 2 Account to withdraw from If you have more than one. 59pm) can be processed as early as the next working day. Find out more. Accumulation account (if applicable)? No, I don’t want to withdraw money. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. Start making voluntary contributions to your super from your. 4% p. Super. Withdraw your super. How those changes might impact you depends on your age, cover amount and employment details (including occupational rating). 1300 360 750. Guides. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. The graph shown above is based on unit prices, which are net of fees and taxes. account to use this form. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 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. 1. They don't have to wait until age 25 and over. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. Accumulation account insurance, if eligible. Open an Accumulation Account. a. This is the amount that is charged to a. Insurance premiums for QSuper Accumulation accounts changed on 1 July 2023. 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. 1. Your age How much super you can withdraw Eligibility notes; Under 65: $1,000 - $10,000 before tax. Keep your personal details up-to-date in Member Online and check your super balance today. If you have an Income account and have made a reversionary beneficiary nomination, your dependant can. QSuper accounts (participating employer): 60905115063002. 1% for Income accounts. Get started now. Please refer to the QSuper. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. 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. Read our Defined Benefit Guide (pdf) 1. 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. Past performance is not a reliable indicator of future. 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. Mon-Fri 8. If you have multiple super funds and . Register now. More reasons to feel good. Who is the. Award-winning. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. $ OR. 2. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. 2. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Open a QSuper account. Use this form if you want to make a one-of voluntary contribution to your QSuper Accumulation account via EFTPOS, cheque, or money order. 00pm AEST. With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. Withdrawal From An Accumulation Account; Pension Refresh Strategy; All withdrawals must be made proportionately. Easily give your employer your new QSuper account details. Just as you may keep track of your bank accounts, you can also keep track of your super account. 16% to 0. This means after investment fees and costs, transaction costs, and investment taxes. 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. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. 1300 360 750. Monday to Friday. Past performance is not a reliable indicator of future performance. Mon-Fri 8. Language assistance. • Have met one of the following conditions of release to access their super: o aged 65 or older; o have ceased an employment arrangementYou can keep it in the accumulation phase. In the event the Trustee suspends unit prices on any or all. Find the best retirement account to suit your lifestyle today. 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. It's easy to check whether your Accumulation account and/or Income account is invested in the right options for you. We're honoured to have received SuperRatings ' 15-year Platinum rating. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . QSuper’s Accumulation account insurance cover changes on 1 July 2019, including changes to income protection waiting periods. au/forms. 100%. 31,545. 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. 2. If you have a Defined Benefit account and are under age 55, your beneficiaries will be paid your projected benefit to age 55. If you don’t have one, we may refer you to an accredited external financial adviser. If you’re not eligible, find out about other products offered by Australian Retirement Trust. 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. Product Disclosure Statement for Accumulation Account at qsuper. 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. Stapling aims to reduce unintended multiple accounts. on each element of a lump sum super withdrawal will be based on your age and will vary depending if you’re at or above preservation age and under 60, or if you’re aged 60 and over. 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. For Accumulation account This document also forms part of the QSuper Product Disclosure Statement for Accumulation Account. Contribute to your spouse's super. 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. You generally need to be retired or 65 years old to open our Income account. Make a Withdrawal from an Accumulation Account. The graph shown above is based on unit prices, which are net of fees and taxes. Explore your options for retirement income with our Retirement Calculator. If you're under 60, it depends if you're at your preservation age how much tax. 2. 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. 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. Language assistance. 00am to 6. (Any tax payable will be deducted from this amount. ABN (Australian business number) 60 905 115 063. au . Why QSuper? A focus on long-term performance. qld. au Application to Cancel Insurance. Default option for members with an Accumulation account who have not made an investment choice. View Focus 1 Dashboard. Depending on where you work, you can also salary sacrifice into other things like buying a car. Accumulation account Transition to Retirement Income account. 1. Would you like to make a withdrawal from your . 9% for the Lifecycle option's Balanced Pool, and 11. 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. 1300 360 750. Insurance forms. To do this, complete a Restart an Income account form (pdf). Try it now. financial hardship, compassionate grounds, terminal medical condition, or total and. Withdraw your super; Seminars and education;. 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. Accumulation account Transition to Retirement Income account. I have an existing QSuper Accumulation account. 16% to 0. 00pm AEST. 07m. Applications from outside1. 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. qld. qld. Download. Our app is designed for members with a QSuper account. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 2. lump sum withdrawal. Accumulation account Transition to Retirement Income account. If you are . In the event the Trustee suspends unit prices on any or all. Super. Just choose your enquiry type, and type your message and personal details below. 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. 2. Want to change how your super funds are invested in your Accumulation or Income account? Access the forms and information you need here. Accumulation account; Transition to Retirement Income account; Retirement Income account. Why retire with QSuper. 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. A transition to retirement (TTR) pension lets you access up to 10% of your super each financial year while you're still working. Object moved to here. You can split up to 85% of your eligible before-tax contributions for a financial year. 00pm AEST. Why retire with QSuper. • Have met one of the following conditions of release to access their super: o aged 65 or older; o have ceased an employment arrangementYou can keep it in the accumulation phase. Transition to Retirement Income account;. Statement for Income Account and Lifetime Pension for more information. Annual reports. 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. 00pm AEST. Accumulation account; Transition to Retirement Income account; Retirement Income account. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. You must keep a minimum balance of $6,000 in an Accumulation account. Tax-free investment returns over age 60 (generally) Tax-free withdrawals over age 60. Email address. You can check the asset allocation for each by selecting the account type. Is it possible to withdraw money from QSuper? Withdrawing funds from accounts associated with retirements is possible through QSuper. The QSuper Balanced Accumulation option returned 2. Transfer your cover from another insurer or super fund to your QSuper account. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. As at 30 June 2023. Why retire with QSuper. 48 million in super as follows: If you did not trigger a bring-forward arrangement in either 2019-20 or 2020-21 and your total super balance is less than $1. Past performance is not a reliable indicator of future performance. Applications from outside1. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. EXAMPLE — QSuper Accumulation account (Lifetime Outlook) BALANCE OF $50,000. 2. More reasons to feel good. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details.