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. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. Download. 1% for Income accounts. Returns from cash are now expected to move lower and could likely become. Try it now. 00pm AEST. Once funds have departed QSuper please allow up to 24-72, depending on your banks processing time for the. Pension, you will also need to complete the Open an Income Account and/or Lifetime Pension form at the back. 1300 360 750. 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. If you have a QSuper account with us, you'll still log in through the QSuper website. $67. 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. 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. This includes a 12. 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. 26 March 2021 5 min read. QSuper Accumulation account when you make a . Depending on where you work, you can also salary sacrifice into other things like buying a car. Withdraw your super; Seminars and education. Tell us how you want to invest your. Withdraw your superHow an account-based pension works. Open an Accumulation Account. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. lump sum withdrawal. g. 26 March 2021 5 min read. 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. It’s a popular and tax-effective way to access your super. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. Your minimum payment amount is a percentage of your Income account balance as at. 1300 360 750. Use our retirement products on their own or in a combination that suits your super. 00am to 6. This is the amount that is charged to a. Withdraw your superLifetime Pension. 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. (QSuper accounts only). 25%. Accumulation account claim form - QSuper - Queensland Government1. QSuper account if: • You are eligible and would like to make a lump sum withdrawal • You are opening an Income account and want to keep some money in an Accumulation account. 1. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. QSuper Accumulation account when you make a lump sum withdrawal. QSuper’s Accumulation account insurance cover changes on 1 July 2019, including changes to income protection waiting periods. Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. . Why retire with QSuper. 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. We apologise for any inconvenience. 1. Monday to Friday. When you're ready, retire with QSuper. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. 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. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. 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. 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. Applications from outside1. If your super balance is more than $5,000, you will . 48 million at 30 June 2021, then you may be able to make non-concessional contributions. Generally, you need to wait until after the financial year ends to apply (unless you're leaving your. au Application to Cancel Insurance. 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 can learn more about make super payments here. qld. Why retire with QSuper. For disability payouts, it depends whether you take a lump sum or income payments. 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. au . Would you like to make a withdrawal from your . Download . tell us the account(s) you want to split contributions from. 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. If you're eligible, it only takes 10 minutes to apply online and. 3. Salary-based income protection cover is set at 87. Australian Retirement Trust was formed through the merger of QSuper and Sunsuper on 28 February 2022. This is because the accounts are bundled together under. The money needs to come from: Your Accumulation account, Your Transition to Retirement Income account, or; A superannuation death benefit. 1. 1300 360 750. 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. qld. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. This includes your personal contributions and interest paid before 1 July 1999. If you have more than one Accumulation account, please . 9% for the Lifecycle option's Balanced Pool, and 11. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. Why QSuper? A focus on long-term performance. Monday to Friday. When you're ready, retire with QSuper. gov. 00am to 6. Find the best retirement account to suit your lifestyle today. 3 Increase your account balance or make a contribution. What. Choose to receive regular payments or make one-off withdrawals from your super. The graph shown above is based on unit prices, which are net of fees and taxes. 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. Language assistance. This minimum balance will apply unless you are withdrawing all of your funds and closing your account. You can manage your Income account online using Member Online. Tax and super. You can access your super as long as you've permanently retired. EXAMPLE — QSuper Accumulation account (Lifetime Outlook) BALANCE OF $50,000. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Turning 65 is a condition of release, whether or not you are still working. Keeping track of your super is one place to start in helping you take control of your financial future. 2. Keep your personal details up-to-date in Member Online and check your super balance today. The reduction ends on 30 June 2023. 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. Assess the suitability of the product for your client. A super withdrawal due to financial hardship is paid and taxed as. International +61 7 3239 1004. 7. 75% of your insured salary which includes a contribution replacement benefit of 12. They don't have to wait until age 25 and over. Keeping track of your super is one place to start in helping you take control of your financial future. Use this form if you're at your preservation age and want to withdraw some super. • Withdraw your benefit as cash. Follow the link below to find out more. 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. View the detailed list of what this option invests in for Accumulation or Income accounts. Application form contained within the PDS for our Accumulation account. 2. Online Advice1 – Log in to Member Online for our online advice service about your super. The contributing spouse will need to keep a minimum of $10,000 in their QSuper Accumulation account. Our performance. Investment option Percentage of withdrawal 2 Account to withdraw from If you have more than one. You must maintain at least $500 in your transaction account at all times. Mon-Fri 8. USI (Unique superannuation identifier) QSuper accounts: 60905115063001. I’d like to withdraw the following amount (net). It's easy to check how much insurance you have and make any changes, in Member Online. Assets. How to withdraw super Early access to super. 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. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options. 2. Register now. 15% per annum from 1 July 2022. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. X Option 1 – Withdraw part of my account in cash. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 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. She retains the remainder in a balanced portfolio. Refer to the Financial Services Guide (pdf) for more information. If you are . Use this form if you're at your preservation age and want to withdraw some super. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 00am to 6. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Statement for Income Account and Lifetime Pension for more information. 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. 0. Insurance premiums for QSuper Accumulation accounts changed on 1 July 2023. Accumulation account insurance, if eligible. qld. 1. You can find out more in the Self Invest Guide (pdf). Her annual minimum withdrawal will increase from 2. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. qld. Make a Withdrawal from an Accumulation Account. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. Personal assets. Accumulation account; Transition to Retirement Income account; Retirement Income account. Super. qld. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. Choose your payment amount and frequency. QSuper Accumulation account when you make a lump sum withdrawal. Our award-winning Retirement Income account lets you pay yourself a regular income from your super once you finish work, with the balance invested. • Have a superannuation balance of at least $30,000 at commencement. 00pm AEST. You must possess Accumulation Account in QSuper Fund as of May 17, 2016, and be qualified for White Collar Rates, Professional Rates* (Fund Member), or Standard Rates. 65 or over. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. gov. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. 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 2 – Transfer my funds to a QSuper Accumulation account My existing QSuper Accumulation account number: If you don’t have an Accumulation account yet You can open a QSuper Accumulation account in Member Online (memberonline. 1. 1. Maximum superannuation drawdown rates. ) OR I want to withdraw all of my benefit. au/forms. 8am–6pm AEST. 16% to 0. Income for life. Your employer may also pay an extra contribution to your Accumulation. Want to change how your super funds are invested in your Accumulation or Income account? Access the forms and information you need here. 2. Taking five simple actions today may help you feel more in control of your future. Consolidate now. 2. Make a Withdrawal from an Accumulation Account. If you are over 60 and are withdrawing an amount from an accumulation account the amount will be tax free if you meet a condition of release. 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. Keep your personal details up-to-date in Member Online and check your super balance today. 2. 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. Award-winning Money magazine’s Best Retirement Innovator 2023 2. So your balance will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. It aimed to help retirees through market uncertainty. Language assistance. 00pm AEST. Your TFN. gov. 9% for the Lifecycle option's Balanced Pool, and 11. want to claim a tax deduction for personal contributions made to another fund, please contact them directly. • Have a superannuation balance of at least $30,000 at commencement. How to withdraw super Early access to super. Make a withdrawal. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. Defined Benefit Account Guide (including Deferred. 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. Turn your super into regular payments using a retirement income stream. Non-concessional (after-tax) personal/voluntary contributions. Over 10 years, it returned 8. It's easy to check whether your Accumulation account and/or Income account is invested in the right options for you. Over 10 years, it returned 8. 60 to 64. And we're always working on new products and services, like our award-winning Lifetime Pension,. • When we restart your Income account, we close your current Income account and transfer all money back to a QSuper Accumulation account. 4. 60 to 64. We're honoured to have received SuperRatings ' 15-year Platinum rating. 22% p. When you're ready, retire with QSuper. 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. 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. In the event the Trustee suspends unit prices on any or all. 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). Currently Yumiko has 10% of her super pension invested in cash for short-term needs. Monday to Friday. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. Eligibility for the super co‑contribution 2023‑24. 8am–6pm AEST. Access via Member Online. You need to already have a QSuper Accumulation . Once opened, we will pay your insurance benefit into this. gov. Australian Retirement Trust. Withdraw some or all of your balance when you need it. 16% to 0. Voluntary contributions are projected as part of the Accumulation account. Withdraw your super; Seminars and education;. 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. • 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. Choose to receive regular payments or make one-off withdrawals from your super. Our award-winning Retirement Income account is an account-based pension that turns your super into income payments and offers several tax benefits. 00am to 6. Once opened, we will pay your insurance benefit into this. This means that we should not simply withdrawal the $250,000 Taxable Component and recontribute it, as this would contain part of the Tax Free Component and would leave part of the Taxable Component inside super and we would. International +61 7 3239 1004. Cash. 75% of insured salary into your QSuper account. Last name. The maximum is $5 million. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Previous name. 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. Why QSuper? A focus on long-term performance. 2. If you're on a QSuper ill-health pension, tell us any employment, business, or occupation you’ve had in the past 6 months. If you have more than one Accumulation account, please . It's a type of account-based pension or retirement income stream specifically for people under 65 years old. 2. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. QSuper’s Accumulation account, Balanced Option only, ranked fourth. Award-winning. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. Accumulation account; Transition to Retirement Income account; Retirement Income account. More reasons to feel good. 00am to 6. collected before starting your new Income account. To avoid contributions being refunded and delays to funds being processed into your employees’ ART super accounts, please make sure you are using the correct USI. Make a withdrawal. 1300 360 750. 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. Award-winning. 07m. Contributing spouse’s account to withdraw from. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper 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. Keep your personal details up-to-date in Member Online and check your super balance today. Withdraw your super; Seminars and education;. If you don’t already have an Accumulation account, you’ll need to open one first. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. Transfer your cover from another insurer or super fund to your QSuper account. You may also be eligible to claim a tax deduction. If you have more than one Accumulation account, please . 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. Guides. Your age How much super you can withdraw Eligibility notes; Under 65: $1,000 - $10,000 before tax. a. These definitions can be found in the QSuper Insurance Guide (pdf). QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. Withdraw your super; Seminars and education. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Withdraw your superUse Member Online to withdraw a lump sum from your Super Savings Accumulation account. You won’t be able to withdraw the amount if you don’t meet a condition of release. Super. Email address. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Combined with other measures aimed at boosting the economy, the near-zero rate has dramatically changed expectations for cash returns. QSuper performance review. If you have a Defined Benefit account and are under age 55, your beneficiaries will be paid your projected benefit to age 55. 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. An account-based pension has various names within the superannuation industry. 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. 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. financial hardship, compassionate grounds, terminal medical condition, or total and. More reasons to feel good. QSuper Accumulation account when you make a lump sum withdrawal. au Fax 1300 242 070 Website qsuper. Accumulation account; Transition to Retirement Income account; Retirement Income account. Read our Defined Benefit Guide (pdf) 1. qsuper. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Complete online Download . Phone 1300 360 750. If you have multiple super funds and . When you're ready, retire with QSuper. If you are under 60 years of age, tax may apply on any withdrawals depending on your age, and the tax-free and taxable components of your superannuation. While term deposits generally can't be broken, you may be granted access to withdraw or transfer your super due to special circumstances. View Focus 1 Dashboard. The total approximate opening balance of my new Income account should. If we already have your TFN, you do not need to give it to us again. Super. Before you leave, it's a good idea to make sure you understand all your options and the many great benefits of being with Australian Retirement Trust. Changes to QSuper’s Accumulation account insurance cover, taking effect from 1 July, were outlined to all members in May. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. $ OR. 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. Award-winning. 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. 00pm AEST. We apologise for any inconvenience. Just as you may keep track of your bank accounts, you can also keep track of your super account. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. 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. In Member Online, go to Account history & statements, then Yearly transaction summary. Make a Withdrawal from an Accumulation Account. What does the QSuper and Sunsuper merger mean for members' accounts? Read answers to commonly asked questions about the merger. Super. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourQSuper Accumulation account when you make a lump sum withdrawal. You can open a Retirement Income account and/or Lifetime Pension by transferring some or all of your money from your Super Savings Accumulation account. 1. it to a QSuper Accumulation account. it to a QSuper Accumulation account. Australians are living longer than ever before, so depending on when you retire, you could rely on your super savings for up to 20 years. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. Designed for people who are still working. Log in. 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 we already have your TFN, you do not need to give it to us again. It is important to. Withdraw your super; Seminars and education. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pensionaccount to a QSuper Accumulation account, none of your benefit can be withdrawn as cash until retirement, including your personal contributions and interest paid before 1 July. Your super balance is counted as an asset. 5% to 6% of her balance due to the end of the temporary reduction in minimum withdrawals and her 75. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. There are also tax advantages to super, making it one of the most tax-effective ways. • My Accumulation account becomes inactive by not having money added in the last 13 months, and/or • My Accumulation account balance is below $6,000, and/or. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. Other assets. You need to provide your personal details, tax file number, bank details, and tax options for your payment. QSuper accounts have a cap of $875 per year on the administration fees and costs you pay. QSuper Accumulation account when you make a lump sum withdrawal. Please refer to the QSuper Investment Guide (pdf) for.