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. 100%. 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. 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. 1. 7. Withdraw your super. Turning 65 is a condition of release, whether or not you are still working. Email QSuper. Voluntary contributions are projected as part of the Accumulation account. This includes your personal contributions and interest paid before 1 July 1999. 00pm AEST. However, in most cases, your new employer can contribute to a QSuper Accumulation account for you. The ATO says whatever you withdraw will be made up of the same proportion – you cannot choose to take from only one element. If you are . 60 to 64. Proving your identity; Withdraw your super; Seminars and education. 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. More reasons to feel good. Quick, easy investment advice. 2. 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. As part of a profit-for-members fund, everything we do is for our members – so we provide insurance for when life doesn't go to plan. Just keep in mind that it may take up to three business days to get back to you. You need to have been a member with us for at least 12 months. When you're ready, retire with QSuper. If you don’t have one, we may refer you to an accredited external financial adviser. 00am to 6. Accumulation account; Transition to Retirement Income account; Retirement Income account. 00pm AEST. When you're ready, retire with QSuper. 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. If we already have your TFN, you do not need to give it to us again. 2. a. 1300 360 750. Mon-Fri 8. gov. 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. gov. International +61 7 3239 1004. When you're ready, retire with QSuper. Transfer the following amounts to an Income account: $ OR % of my Accumulation account (you must leave a minimum of $10,000. Tell us how you want to invest your. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. 00am to 6. 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. 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. Clarify the target market for a QSuper product (refer to our TMDs) and assess the suitability of a QSuper product for your client. Past performance is not a reliable indicator of future performance. Email [email protected] account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. If they want to open a QSuper retirement product, they can do this in Member Online. Accumulation account insurance, if eligible. 8am–6pm AEST. As at 30 June 2023. The Morningstar Australia Awards, which were announced on 23 February, are designed to recognise and celebrate the. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourAs a QSuper member, you have access to financial advisers who can help you make a retirement plan right now. 00am to 6. 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. For disability payouts, it depends whether you take a lump sum or income payments. 1300 360 750. If you open your account part way through the financial year, the balance at the start of the account will be used. Withdrawing some or all of your super is called a lump sum. We’d love to hear from you. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. For disability payouts, it depends whether you take a lump sum or income payments. If you don’t already have an Accumulation account, you’ll need to open one first. 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. Mon-Fri 8. Eligibility for the super co‑contribution 2023‑24. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Other details. 2. 1300 360 750. In the event the Trustee suspends unit prices on any or all. You'll find this in the back of the Accumulation. Our app is designed for members with a QSuper account. If you're eligible, it only takes 10 minutes to apply online and. 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. 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. 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. 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. 1. Accumulation account; Transition to Retirement Income account; Retirement Income account. Accumulation account (if applicable)? No, I don’t want to withdraw money. Click on Claim a tax deduction and follow the prompts. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. If you are . 2. If you have a QSuper account with us, you'll still log in through the QSuper website. tell us the account(s) you want to split contributions from. Applications from outside1. Up to the automatic acceptance limit; eligibility criteria apply. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. 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. If you're an Accumulation account holder aged 58 years old or over, don’t choose an investment option and have less than $300,000 in Lifetime, we invest your money in Lifetime Sustain 1. If you need to access your super, we'll ask you for a valid form of identity (ID). Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or The quickest way to claim is directly through the Australian. The Retirement Bonus is a tax saving we pay you (if eligible), when you move money from our Accumulation or Transition to Retirement Income account, to our Retirement Income account and/or Lifetime Pension. You can join QSuper part of Australian Retirement Trust if you are the spouse, or child under age 25, of an existing QSuper account holder. 2. You will need to keep a minimum of $10,000 in your . Yumiko will be 75 on 1 July 2023. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. Download. You need to already have a QSuper Accumulation . Keep your personal details up-to-date in Member Online and check your super balance today. 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. Claim and withdrawal forms. au) or with the Open an Accumulation Account form. Withdraw your super; Seminars and education;. What does the QSuper and Sunsuper merger mean for members' accounts? Read answers to commonly asked questions about the merger. Mon-Fri 8. You can choose from Lifetime, Diversified, or Single Sector options, or use the QSuper Self Invest option for a more hands-on approach. QSuper account, it's important to lodge a Notice . Salary sacrificing to super is when you pay part of your salary into your super account before tax, instead of it being part of your take-home pay. Introduction<br /> What is superannuation<br /> Superannuation is a long-term investment for your<br /> future retirement lifestyle. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. More reasons to feel good. apply unless you. You can learn more about make super payments here. You can split up to 85% of your eligible before-tax contributions for a financial year. You will need to keep a minimum of $10,000 in your . 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. Transfer Your Defined Benefit to an. 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. Open a QSuper account. If you have multiple super funds and . 22% p. Income account and Lifetime Pension. 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. 1. 6. Can I join? Past performance is not a reliable indicator of future performance. au Fax 1300 242 070 Website qsuper. I want to keep $100 in my Accumulation account. 2. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). 15% per annum from 1 July 2022. Access your super . 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. Withdraw your super; Seminars and education. International +61 7 3239 1004. 00pm AEST. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. As an Australian Retirement Trust member, you’re winning. 1. Why QSuper? A focus on long-term performance. gov. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. 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. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. This account provides tax-free investment earnings,. You can access your super, without restrictions, even if you're still working. If you are 60Make a Withdrawal from an Accumulation Account. Keep your personal details up-to-date in Member Online and check your super balance today. 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. Refer to the Financial Services Guide (pdf) for more 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. 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). • 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. Accumulation account Transition to Retirement Income account. Retirement accounts . Please refer to the QSuper. 210 means 21% of your final salary. Accumulation account Transition to Retirement Income account. How those changes might impact you depends on your age, cover amount and employment details (including occupational rating). In the event the Trustee suspends unit prices on any or all. Log in. Monday to Friday. Your employer may also pay an extra contribution to your Accumulation. collected before starting your new Income account. Award-winning. (PDS) available at qsuper. 1. g. 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. Income account holders can either make a binding death benefit nomination or. 00am to 6. 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. qld. We're awarded for providing value for our members, from your working life through to enjoying retirement. Make a Withdrawal from an Accumulation Account. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 1 (if we know you by another name) Date of birth (dd/mm/yyyy) / / Home phone number Mobile phone number Work phone number. Online Advice1 – Log in to Member Online for our online advice service about your super. If you have a QSuper account with us, you'll still log in through the QSuper website. Withdraw your superUse Member Online to withdraw a lump sum from your Super Savings Accumulation account. 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. The graph shown above is based on unit prices, which are net of fees and taxes. Your Adviser – We can work with your adviser. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 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. Each of our options has a different objective, risk profile, and asset allocation. collected before starting your new Income account. You can check the asset allocation for each by selecting the account type. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. au/PDS or call us on 1300 360 750 to request a copy. Make sure you consider the information below before making a choice. • I’ve read the Defined Benefit Account Guide. qld. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. 210 means 21% of your final salary. He has a superannuation accumulation balance of $1,250,000. Why QSuper? A focus on long-term performance. Transfer your cover from another insurer or super fund to your QSuper account. Police account until age 55 or transfer it to a QSuper Accumulation account. Centrelink's income and assets tests for the Age Pension treat an Income account and a Lifetime Pension differently. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. QSuper performance review. Get personal advice about your QSuper account at a time that suits you. When you apply to open a QSuper account you will be joining Australian Retirement Trust, and may be referred to as a. I’d like to withdraw the following amount (net). If you need to access your super, we'll ask you for a valid form of identity (ID). The QSuper Balanced Accumulation option returned 2. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. View all. View the detailed list of what this option invests in for Accumulation or Income accounts. au/forms. 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. This option could experience negative returns over the short term. It is important to. . 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 have a Defined Benefit or Income account, please refer to the relevant FAQs below. Make a withdrawal. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. Super. To set up ongoing contributions as a Queensland Government. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. Tax-free investment returns over age 60 (generally) Tax-free withdrawals over age 60. Contributing spouse’s account to withdraw from. Accumulation Account When to use this form. 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. 2. 06 March 2023 3 min read. It must be read in conjunction with Part A of this PDS. Please refer to the QSuper Investment Guide (pdf) for detailed information. This is the amount. Generally, you need to wait until after the financial year ends to apply (unless you're leaving your. 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. 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. The graph shown above is based on unit prices, which are net of fees and taxes. 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. au Title First name. Withdraw your super; Seminars and education;. Transfer Your Defined Benefit to an. 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. 2. Before completing this claim form, please read theto your QSuper Accumulation account. Police account until age 55 or transfer it to a QSuper Accumulation account. More reasons to feel good. Income for life. need to complete the Accumulation Account DepartingWithdrawal amount I want to withdraw (net)3 $ (You will need to keep a minimum of $10,000 in your QSuper Accumulation account when you make a lump sum withdrawal. gov. 6. Withdraw your superNumber of units x Daily unit price = Value of your super. Keep in mind the way you spend money at the beginning of your retirement is likely to be very different. QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. Make a withdrawal. Longer-term returns remain strong,. 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. gov. Proof of identity. Your super balance is taken into account by Centrelink when calculating your Age Pension amount and withdrawing a lump sum could affect your payments and have tax implications. 00pm AEST. Spouse Deposit. Last name. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and. If you are . This Accumulation Account Guide provides details about the QSuper Accumulation account product, and other important topics like fees and taxation as they apply to the. Make a Withdrawal from an Accumulation Account. 1. Designed for people who are still working. Retired. qld. When you're ready, retire with QSuper. Why QSuper? A focus on long-term performance. Withdraw your super• 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). 00am to 6. This means after investment fees and costs, transaction costs, and investment taxes. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Explore ways to personalise your QSuper Income account to suit your needs. Fund Details from 1 July 2022. Proving your identity; Withdraw your super; Seminars and education. 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. Language assistance. gov. Past performance is not a reliable indicator of future performance. This minimum balance will . 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. Language assistance. If you're not eligible for a QSuper account, don't worry – you can still join. Award-winning Money magazine’s Best Retirement Innovator 2023 2. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. And we're always working on new products and services, like our award-winning Lifetime Pension,. 60% p. 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. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. Make a Withdrawal from an Accumulation Account. Grow your super. Australian Retirement Trust is proud to take care of over $200 billion in retirement savings for more. Default option for members with an Accumulation account who have not made an investment choice. 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. au You also want an ePaper? Increase the reach of. 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. 1. I’d like to withdraw the following amount (net). $67. Find out. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. QSuper account holders are now. Withdraw your superStatement for Income Account and Lifetime Pension for more information. 1300 360 750. If you have a Defined Benefit account and are under age 55, your beneficiaries will be paid your projected benefit to age 55. Accumulation account Transition to Retirement Income account. 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. Super. Can I join? Past performance is not a reliable indicator of future performance. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. 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. au/forms. If we already have your TFN, you do not need to give it to us again. 4. Retirement accounts. QSuper and Sunsuper have officially merged to create one of Australia’s largest. 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. As a fund that works for members, not shareholders, we work in members’ best interests, and are. qld. Use our retirement products on their own or in a combination that suits your super. PLUS Investment fees and costs. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. 2. Award-winning. 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. Use this form if you're at your preservation age and want to withdraw some super. We calculate unit prices every. There are also tax advantages to super, making it one of the most tax-effective ways. 00am to 6. QSuper’s Accumulation account, Balanced Option only, ranked fourth. 68% for the December quarter and -4. apply unless you. Your TFN. If your super balance is more than $5,000, you will . Over 10 years, it returned 8. Switch Investments in an Income Account. Choose to receive regular payments or make one-off withdrawals from your super. Investment option Percentage of withdrawal 2 Account to withdraw from If you have more than one. 26 March 2021 5 min read. ) OR I want to withdraw all of my benefit. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . 00am to 6. Withdraw lump sums. 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. 15% per annum. Where necessary, consider seeking professional advice tailored to your individual. The Age Pension is a fortnightly allowance paid to eligible Australian residents by the government. 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. You must keep a minimum balance of $6,000 in an Accumulation account. Make a Withdrawal from an Accumulation Account.