Monday to Friday. How super withdrawals are taxed. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. More reasons to feel good. qld. 1300 360 750. After reviewing our member insurance arrangements recently with our. Make sure you consider the information below before making a choice. 16% to 0. Awards are only one factor to be taken into account when deciding to invest. There are a few situations where you can withdraw some or all of your super before you reach a certain age or retire, if you need it. 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 and Sunsuper have agreed that the administration fees members pay from their QSuper Accumulation account (s) and Income account (s), and those that are deducted from the Lifetime Pension pool, will be reduced from 0. Super. As at 30 June 2023. 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. 4. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. The Reserve Bank of Australia (RBA) recently cut its official cash rate to a record low of 0. 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. Award-winning. These figures have been rounded for member reporting. 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. 0. Accumulation account Transition to Retirement Income account. Accumulation account (if applicable)? No, I don’t want to withdraw money. Understand the detail and the choices you can make. Email [email protected] 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. a. accounts in your name so that you receive all your super benefits when you retire. • When we restart your Income account, we close your current Income account and transfer all money back to a QSuper Accumulation account. I’d like to withdraw the following amount (net). 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. gov. Award-winning Money magazine’s Best Retirement Innovator 2023 2. If you make voluntary contributions into your superannuation account from your after-tax income (also called non-concessional or personal contributions), you are contributing towards your future financial wellbeing. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 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. au) or with the Open an Accumulation Account form (qsuper. Currently Yumiko has 10% of her super pension invested in cash for short-term needs. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. Withdraw your super; Seminars and education;. What. 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. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension; Why QSuper? A focus on long-term performance. It's easy to check whether your Accumulation account and/or Income account is invested in the right options for you. Withdraw your superBalanced portfolio. gov. Use this form if you're at your preservation age and want to withdraw some super. I’d like to withdraw the following amount (net). Retirement accounts . 9% for the Lifecycle option's Balanced Pool, and 11. Use this form if you want to make a one-of voluntary contribution to your QSuper Accumulation account via EFTPOS, cheque, or money order. Award-winning. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. 15% contributions tax. Transition to Retirement Income account;. 2. 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. Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. 2. Mon-Fri 8. You can check the asset allocation for each by selecting the account type. Download. Object moved to here. A multiple of 0. Allocation 4. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . The reduction ends on 30 June 2023. Complete online Download . Would you like to make a withdrawal from your . This means after investment fees and costs, transaction costs, and investment taxes. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. Grow your super. If you tick this box, we will keep this amount in your account even if you have requested to withdraw your total balance. ) OR I want to withdraw all of my benefit. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Ranges. Income account holders can either make a binding death benefit. Accumulation Account Departing Temporary Resident Claim. Income account and Lifetime Pension. qld. Centrelink's income and assets tests for the Age Pension treat an Income account and a Lifetime Pension differently. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. Home owner. We take out any relevant fees, costs, and taxes from the daily unit price before publishing it, so you don't need to account for that in your calculation. If you're not eligible for a QSuper account, don't worry – you can still join. 2. We'll refund to you any amount already charged above the cap. 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). 1300 360 750. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. 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. 1300 360 750. Salary sacrifice; Super co-contribution. 2. 2. it to a QSuper Accumulation account. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Withdraw your superNumber of units x Daily unit price = Value of your super. 60% p. If they're not a QSuper member yet, we'll open an Accumulation account for them. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. Mon-Fri 8. It is important to. 00am to 6. 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. How those changes might impact you depends on your age, cover amount and employment details (including occupational rating). Before your client consolidates their super, they should consider if withdrawing savings from. 15% per annum from 1 July 2022. 15% per annum from 1 July 2022. Super and Retirement Planning Calculators Salary Sacrifice Calculator Insurance Needs Calculator Insurance Premium Estimator Super Co-contribution Calculator. Guides. au You also want an ePaper? Increase the reach of. This balance consists of $350,000 of tax-free components and. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. Transfer some or all of your Super Savings Accumulation account balance into your new Retirement Income account. Mon-Fri 8. When you turn 65 years old and/or retire, you can open a Retirement Income account with a minimum of $30,000. Your QSuper journey starts now. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 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. There are also tax advantages to super, making it one of the most tax-effective ways. 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. g. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. 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. If you have a Defined Benefit account and are under age 55, your beneficiaries will be paid your projected benefit to age 55. qsuper. For every $50,000 you have in the superannuation product you will be charged or have deducted from your investment $110 in administration fees and costs. I have an existing QSuper Accumulation account. When you apply to open a QSuper account you will be joining Australian Retirement Trust, and may be referred to as a. The more you’ve invested in<br />If you have a Defined Benefit account and you accept a redundancy package, your benefit will usually be transferred to a QSuper Accumulation account. 2. Follow the link below to find out more. Change how your super is invested, or change which investment option your income payments. Click on Claim a tax deduction and follow the prompts. Past performance is not a reliable indicator of future performance. Super. You will need to keep a minimum of $10,000 in your . Superannuation. Find out more about your insurance and COVID-19. If you have an Income account and have made a reversionary beneficiary nomination, your dependant can. 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. These figures have been rounded for member reporting. 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. Find out. Depending on where you work, you can also salary sacrifice into other things like buying a car. (Any tax payable will be deducted from this amount. Defined Benefit Account Guide (including Deferred. You'll need to do this before you open your Lifetime Pension. Fund Details from 1 July 2022. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. tell us the account(s) you want to split contributions from. 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. For Accumulation account This document also forms part of the QSuper Product Disclosure Statement for Accumulation Account. Download . Keep your personal details up-to-date in Member Online and check your super balance today. • 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). to another super fund, including an overseas . Access via Member Online. Clarify the target market for a QSuper product (refer to our TMDs) and assess the suitability of a QSuper product for your client. Withdraw your superStatement for Income Account and Lifetime Pension for more information. Read our Defined Benefit Guide (pdf) 1. Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or The quickest way to claim is directly through the Australian. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. 8am–6pm AEST. 31,545. Withdraw your super; Seminars and education. These definitions can be found in the QSuper Insurance Guide (pdf). The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 2. lump sum withdrawal. Once opened, we will pay your insurance benefit into this. This minimum balance will apply unless you are withdrawing. When can you access your super; Withdraw your super; Seminars and education. There are also rules regarding withdrawing your payments, including minimum and maximum limits per year. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. Refer to the Financial Services Guide (pdf) for more information. it to a QSuper Accumulation account. Tax and super. Retirement accounts . On 21 September 2023 performance figures relating to unit prices between 14/09/2022 and 14/10/2022 for Lifetime Focus 1, Lifetime Focus 2, Lifetime Outlook, Lifetime Aspire 1, Lifetime Aspire 2, QSuper Balanced and QSuper Aggressive options have been corrected. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. You can check the asset allocation for each by selecting the account type. 8am–6pm AEST. 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. Explore your options for retirement income with our Retirement Calculator. A super withdrawal due to financial hardship is paid and taxed as. Accumulation account insurance, if eligible. 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. • I understand that any money I add to this account will be automatically invested in the QSuper Lifetime investment option unless I made another decision in section 2 of this form. Calculators. 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. Download . 1% for Income 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. 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. They don't have to wait until age 25 and over. Application form contained within the PDS for our Accumulation account. This decision to reduce fees is subject to confirmation by the. Consider the TMD parameters when recommending QSuper products. 4% p. 1. 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. Each of our options has a different objective, risk profile, and asset allocation. If you have an Accumulation or Income account and have made a binding death benefit nomination, your remaining super balance will be paid out in a lump sum to your beneficiary/ies, including any death insurance benefit payout. 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. 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. Super. If you don't have a QSuper account, you can apply to join QSuper online if your spouse has a QSuper account. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. Members can still enjoy the products and services they know and trust. gov. 1 Investment limits Term deposits Single term deposit – $5,000 to $5 million Shares S&P/ASX 300 and ETFs Maximum share and ETF exposure – 85% of your QSuper Accumulation or Retirement Income account balance. Just choose your enquiry type, and type your message and personal details below. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. 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. 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. Super. Retirement accounts . Super. Who is the. Product Disclosure Statement for Accumulation Account at qsuper. While term deposits generally can't be broken, you may be granted access to withdraw or transfer your super due to special circumstances. If you have a QSuper account with us, you'll still log in through the QSuper website. Open an Accumulation Account for Lifetime Pension applicants (pdf). Insurance cover can help you and your family feel prepared and protected. Application for Early Access on Compassionate Grounds (Compassionate Grounds Guide) Use this form if the ATO has approved you to claim your super early on compassionate grounds. 00am to 6. 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. 00am to 6. They don't have to wait until age 25 and over. fund), you may be able to claim a tax deduction on the contributions that remain in your QSuper Accumulation. 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). qld. View the detailed list of what this option invests in for Accumulation or Income accounts. We’ve been named Fund Manager of the Year – Multisector at the 2023 Morningstar Australia Awards. Make a Withdrawal from an Accumulation Account. Give this completed form to your new employer so they can contribute to your QSuper account. You can access your super, without restrictions, even if you're still working. Contributing spouse’s account to withdraw from. 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. When you're ready, retire with QSuper. qld. gov. Your employer may also pay an extra contribution to your Accumulation. Mon-Fri 8. In the Accumulation account, you can (if eligible): •. au/forms). The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and. Default option for members with an Accumulation account who have not made an investment choice. 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. Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. gov. Accumulation. 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. Withdraw some or all of your balance when you need it. If you are . From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. QSuper and Sunsuper have agreed that from 1 July 2022: • Administration fees that you pay from any of your QSuper Accumulation account(s) and Income account(s), and those that are deducted from the Lifetime Pension pool, will be reduced from 0. Tell us how you want to invest your. Income account holders can either make a binding death benefit nomination or. qld. 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. Mon-Fri 8. If you are . Make a withdrawal. Our app is designed for members with a QSuper account. Super. 60 to 64. 00am to 6. We're honoured to have received SuperRatings ' 15-year Platinum rating. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. au/PDS or call us on 1300 360 750 to request a copy. Your Adviser – We can work with your adviser. 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. You can manage your Income account online using Member Online. We apologise for any inconvenience. 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. Is it possible to withdraw money from QSuper? Withdrawing funds from accounts associated with retirements is possible through QSuper. Any amount charged over that cap must be refunded. I have an existing QSuper Accumulation account. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. The graph shown above is based on unit prices, which are net of fees and taxes. 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. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. She retains the remainder in a balanced portfolio. 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. 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. Learn more about how your super is taxed. 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 minimum balance will . If we already have your TFN, you do not need to give it to us again. a. 68% for the December quarter and -4. 10-year annual return - Balanced option 3. Manage your Income account. 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. You will need to keep a minimum of $10,000 in your . 22% p. Introduction<br /> What is superannuation<br /> Superannuation is a long-term investment for your<br /> future retirement lifestyle. Simply log in to Member Online or download the QSuper app, to. 00pm AEST. If you have more than one Accumulation account, please . Accumulation account Transition to Retirement Income account. 1300 360 750. g. QSuper and Sunsuper have officially merged to create one of Australia’s largest. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. au Fax 1300 242 070 Website qsuper. Assess the suitability of the product for your client. 60 to 64. 2. 16% to 0. The ATO says whatever you withdraw will be made up of the same proportion – you cannot choose to take from only one element. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. If we already have your TFN, you do not need to give it to us again. 00pm AEST. accounts in your name so that you receive all your super benefits when you retire. Or call us on on 1300 360 750 and we’ll send you a copy. Other important information is contained in the Accumulation Account Guide and Investment Choice Guide, which also form part of the PDS. 00am to 6. Default option for members with an Accumulation account who have not made an investment choice. View our forms for claims, withdrawals, and transfers out. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. Phone 1300 360 750. QSuper Accumulation account when you make a lump sum withdrawal. lump sum withdrawal. In the event the Trustee suspends unit prices on any or all. 00am to 6. 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. Prepare a budget for your retirement to make sure you don't spend too much too soon. 1300 360 750. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. Withdraw your super; Seminars and education. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. (PDS) available at qsuper. Default option for members with an Accumulation account who have not made an investment choice. qld. How to withdraw super Early access to super. 77% over the year to December 2022. 00am to 6. Why QSuper? A focus on long-term performance. Before you consolidate your super accounts, consider if the timing is right and if you will lose access to benefits such as insurance or pension options, or if there are any fee or tax implications. You need to provide your personal details, tax file number, bank details, and tax options for your payment. Australian Retirement Trust was formed through the merger of QSuper and Sunsuper on 28 February 2022. The graph shown above is based on unit prices, which are net of fees and taxes. Use this form if you're at your preservation age and want to withdraw some super. Withdraw your superLifetime Pension. 16% to 0. Mon-Fri 8. If you don’t already have an Accumulation account, you’ll need to open one first.