Accumulation account Transition to Retirement Income account. If you don’t have one, we may refer you to an accredited external financial adviser. You’re one of more than 585,000 Australians who enjoy the benefits of strong long-term performance1 and low administration fees2 with one of Australia’s largest super funds. While the returns for the default investment options are net of investment and administration fees, and taxes, if you create a custom investment return in the "Fees, Return, Insurance & Inflation" section, the return is calculated before taxes and fees and you will need. 1300 360 750. You won’t be able to withdraw the amount if you don’t meet a condition of release. 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. Monday to Friday. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. And we're always working on new products and services, like our award-winning Lifetime Pension,. Open a QSuper account. I have an existing QSuper Accumulation account. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. Download the QSuper Insurance Guide (pdf) for details. You can withdraw from accumulation if you have met. Q3. This Accumulation Account Guide provides details about the QSuper Accumulation account product, and other important topics like how fees and taxation apply to the. 15% per annum1 • The administration fee cap will be reduced from $900 toFrom 1 July 2023, we’ve made some changes to the insurance we offer through your Accumulation account that may affect you. 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. Investment option Percentage of withdrawal 2 Account to withdraw from If you have more than one. Contributing spouse’s account to withdraw from. Mon-Fri 8. 31 December 2022 5 min read. QSuper Accumulation account when you make a lump sum withdrawal. Prepared and issued by the QSuper Board ABN. qld. Maximum superannuation drawdown rates. 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. This minimum balance will . Your quick guide to your super obligations. au Fax 1300 242 070 Website qsuper. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. So an Income account can be helpful because it allows withdrawals at any time. Get started now. A super withdrawal due to financial hardship is paid and taxed as. The total approximate opening balance of my new Income account. 1300 360 750. withdrawal or transfer out of my QSuper Accumulation . accounts in your name so that you receive all your super benefits when you retire. Depending on where you work, you can also salary sacrifice into other things like buying a car. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension; Why QSuper? A focus on long-term performance. QSuper Accumulation account when you make a . Use this form if you're at your preservation age and want to withdraw some super. 1300 360 750. Cash. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. Just as you may keep track of your bank accounts, you can also keep track of your super account. There are differences between the asset allocations in Accumulation account and those in Income account, to optimise the strategy and improve the probability of meeting investment objectives. g. Explore ways to personalise your QSuper Income account to suit your needs. 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. gov. Try it now. qld. Complete online Download. QSuper Retirement Income account; Super Savings Retirement Income account, Lifetime Pension. The members must have received money from an expired fund member after the first of July 2016. 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. 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. They don't have to wait until age 25 and over. International +61 7 3239 1004. 15% contributions tax. QSuper’s Accumulation account, Balanced Option only, ranked fourth. 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. Take a lump sum You can receive the full amount at. If your QSuper Accumulation account and QSuper Income account balances are less than $6,000 at the end of the financial year (30 June), certain administration and investment fees and costs charged to you are capped at 3% of the account balance. When you make a claim, we'll ask you to provide information about your condition and occupation to help us assess your claim. It’s a popular and tax-effective way to access your super. qsuper. Grow your super. View Focus 1 Dashboard. • For QSuper Transition to Retirement (TTR) Income accounts, you can only restart your account once in a financial year. 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. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. If you want to keep your QSuper Accumulation account open for employer or voluntary contributions, you must leave a minimum of $10,000 in your Accumulation account,. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. If they want to open a QSuper retirement product, they can do this in Member Online. Withdrawal From An Accumulation Account; Pension Refresh Strategy; All withdrawals must be made proportionately. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. g. He has a superannuation accumulation balance of $1,250,000. 31,545. Keeping track of your super is one place to start in helping you take control of your financial future. 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. The Chant West data is based on information provided by third parties that is believed to be accurate at 30 June 2019. 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. 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. Retire with confidence with QSuper, part of Australian Retirement Trust (ART). 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. Online Advice1 – Log in to Member Online for our online advice service about your super. Investment forms. When you're ready, retire with QSuper. Voluntary contributions are projected as part of the Accumulation account. Phone 1300 360 750. 15-year platinum. 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. If we already have your TFN, you do not need to give it to us again. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. You need to have been a member with us for at least 12 months. If you'd like to consolidate super from outside Australian. The Police account closed to new members on 1 January 1993. 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. australian identification copies superannuation funds issued queensland qsuper. 100%. 4. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. Why QSuper? A focus on long-term performance. 60 to 64. Accumulation account Transition to Retirement Income account. 2. 00am to 6. 2. In the event the Trustee suspends unit prices on any or all. Assets. If you have more than one Accumulation account, please . 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. This is the amount. 15% per annum. The increase brings minimum drawdown rates back to their usual pre. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. If you want to open a Transition to Retirement Income account, Retirement Income account, and/or purchase a Lifetime . 16% to 0. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. This minimum balance will . Fund Details from 1 July 2022. Download . 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. Your Adviser – We can work with your adviser. 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. A new era in our long history has begun, with the official merger of QSuper and Sunsuper to create Australian Retirement Trust - one of the nation’s largest super funds. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). 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. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. au/forms. I’d like to withdraw the following amount (net). With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. When we pay your super to your chosen beneficiaries, it will include any death cover you may have had through your Accumulation account. 1% for Income accounts. 1. 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. 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. 5. • 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. (Any tax payable will be deducted from this amount. • When we restart your Income account, we close your current Income account and transfer all money back to a QSuper Accumulation account. ABN (Australian business number) 60 905 115 063. More reasons to feel good. 00pm AEST. You need to provide your personal details, tax file number, bank details, and tax options for your payment. 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. au) or with the Open an Accumulation Account form (qsuper. Why you'll love it here. You must keep a minimum balance of $6,000 in an Accumulation account. QSuper Accumulation account when you make a lump sum withdrawal. If you're eligible, it only takes 10 minutes to apply online and. How super withdrawals are taxed. Keep your personal details up-to-date in Member Online and check your super balance today. This includes a 12. Deposit and contribution forms. financial hardship, compassionate grounds, terminal medical condition, or total and. If you work for the Queensland Police Service as a police officer, your waiting period will be 180 days or accrued sick leave plus approved Queensland Police. (Any tax payable will be deducted from this amount. 5% to 6% of her balance due to the end of the temporary reduction in minimum withdrawals and her 75. Salary-based income protection cover is set at 87. 25%. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. gov. More reasons to feel good. 1. au/forms. We'll refund to you any amount already charged above the cap. Minimum superannuation drawdown rates. Home owner. QSuper Accumulation account when you make a lump sum withdrawal. Accumulation. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. Turning 65 is a condition of release, whether or not you are still working. QSuper Accumulation account when you make a lump sum withdrawal. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. tell us the account(s) you want to split contributions from. 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. Only Queensland Government employers (or related entities) can keep your Defined Benefit account open. 1300 360 750. Mon-Fri 8. This means after investment fees and costs, transaction costs, and investment taxes. 75% contribution replacement benefit. There are no exit fees for partial lump sum withdrawals. Australian Retirement Trust. In 2020, the Government introduced a temporary reduction by 50% to minimum drawdown requirements for account-based pensions, such as the QSuper Income account. This account provides tax-free investment earnings,. paid in Retirement Bonuses. accounts in your name so that you receive all your super benefits when you retire. Mon-Fri 8. (PDS) available at qsuper. 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. 1300 360 750. Allocation 4. Your Adviser – We can work with your adviser. Accumulation account Transition to Retirement Income account. If you're age 60 or over, it's tax-free. Refer to the Financial Services Guide (pdf) for more information. gov. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. 1300 360 750. 00pm AEST. Your minimum payment amount is a percentage of your Income account balance as at. au) or with the Open an Accumulation Account form. Self Invest is closing to new investors. Does closing Self Invest impact the annual access fees I'm paying, or any other fees or costs such as brokerage? 1300 360 750. 1. Past performance is not a reliable indicator of. The government counts your Retirement Income account as a financial asset (although there are some exemptions). Award-winning. Once funds have departed QSuper please allow up to 24-72, depending on your banks processing time for the. That. Find out more. If you're an Accumulation account holder aged 50-57 years old, don’t choose an investment option and have $250,000 or more in Lifetime, we invest your money in Lifetime Focus 3. More reasons to feel good. Withdraw your superNumber of units x Daily unit price = Value of your super. 1. financial hardship, compassionate grounds, terminal medical condition, or total and. Default option for members with an Accumulation account who have not made an investment choice. 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. 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. Follow the link below to find out more. More reasons to feel good. More reasons to feel good. 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. Before completing this claim form, please read theto your QSuper Accumulation account. Longer-term returns remain strong,. 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. Accumulation account Transition to Retirement Income account. Quick, easy investment advice. paid in Retirement Bonuses. 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. 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. Each of our options has a different objective, risk profile, and asset allocation. Super. Learn more about our super Accumulation account with investment options that include Lifetime, Diversified, and Single Sector. Become familiar with the content of the TMDs for QSuper products. Make a withdrawal. 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. gov. gov. It aimed to help retirees through market uncertainty. 2. Complete online Download. You don't need to pay or book an appointment - our online advice service can get you answers in 5-10 minutes and it's included in your membership. This option could experience negative returns over the short term. Mon-Fri 8. 2. Ranges. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. 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. 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. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. Make a Withdrawal from an Accumulation Account. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. 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. This is the amount. We design all our cover to help provide you with security and peace of mind. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. 16% to 0. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. • I understand that if I don’t already have an Accumulation account, one will be opened for me. 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. gov. More reasons to feel good. Salary sacrifice; Super co-contribution. If you don’t have an Accumulation account If you don’t have an Accumulation account when your claim is approved you will need to open an Accumulation account. Make a withdrawal. Change how your super is invested, by switching investment options in your Accumulation account. 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. 100%. Explore ways to personalise your QSuper Income account to suit your needs. Otherwise, you can withdraw all your funds and close your accounts. Make a withdrawal. Mon-Fri 8. • Have a superannuation balance of at least $30,000 at commencement. qld. Use this form if you're at your preservation age and want to withdraw some super. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. Other important information is contained in the Accumulation Account Guide and Investment Choice Guide, which also form part of the PDS. 1300 360 750. 15% per annum. If you’re not eligible, find out about other products offered by Australian Retirement Trust. 15% per annum. Tell us how you want to invest your. I have an existing QSuper Accumulation account. 16% to 0. QSuper accounts (participating employer): 60905115063002. Open an Accumulation Account. Application to Transfer My Insurance to QSuper. qld. QSuper and Sunsuper have officially merged to create one of Australia’s largest. 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. Check how much super you're on track to end up with, what sort of income you can expect in retirement, and how long your super might last. How those changes might impact you depends on your age, cover amount and employment details (including occupational rating). 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. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Manage your Income account. Income account holders can either make a binding death benefit nomination or. 4. 1. If they're not a QSuper member yet, we'll open an Accumulation account for them. Mon-Fri 8. 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 balance The forms you need to consolidate your super from other funds into your QSuper account, or transfer your defined benefit to an Accumulation Account. 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. 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. The maximum is $5 million. QSuper Accumulation account when you make a lump sum withdrawal. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. gov. How unit prices are calculated. You can choose from Lifetime, Diversified, or Single Sector. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Once opened, we will pay your insurance benefit into this. While term deposits generally can't be broken, you may be granted access to withdraw or transfer your super due to special circumstances. It is important to. If you have more than one Accumulation account, please . If you’ve reached. Monday to Friday. Download. Other assets. account to use this form. it to a QSuper Accumulation account. 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. Find the best retirement account to suit your lifestyle today. Why retire with QSuper. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. Yumiko will be 75 on 1 July 2023. Your QSuper journey starts now. 00pm AEST. Up to the automatic acceptance limit; eligibility criteria apply. 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. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. 2. If your super balance is more than $5,000, you will . Refer to the Financial Services Guide (pdf) for more information. You’ll need to give us health and other information if you want to apply for cover above this limit. We strive to help each of our. • Have a superannuation balance of at least $30,000 at commencement. If you need a quicker answer, feel free to call us. 1300 360 750. Withdraw some or all of your balance when you need it. You can check the asset allocation for each by selecting the account type. 3 Increase your account balance or make a contribution. For disability payouts, it depends whether you take a lump sum or income payments. You will need to keep a minimum of $10,000 in your . These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. From 1 January 2023, eligible Australians aged 55 and over are now able to use some of the proceeds from the sale of the family home to top up their superannuation, under a change in the rules reducing the downsizer eligibility age from 60 to 55. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. 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. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. The money needs to come from: Your Accumulation account, Your Transition to Retirement Income account, or; A superannuation death benefit. Withdraw your super; Seminars and education;. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. 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. qld. Income account and Lifetime Pension. 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. 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. Withdraw your superStatement for Income Account and Lifetime Pension for more information. Make a Withdrawal from an Accumulation Account. Keep your personal details up-to-date in Member Online and check your super balance today. Here we explain what this means for QSuper members who have insurance cover with an Accumulation account. Keep your personal details up-to-date in Member Online and check your super balance today. Contribute to your spouse's super. When you're ready, retire with QSuper. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. Language assistance. Otherwise, there are 2 forms that you need to fill out. Voluntary contributions are projected as part of the Accumulation account. Withdraw your super; Seminars and education. gov. Assumes no withdrawals, no switching and no insurance premiums. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. Make the most of your entitlements and deductions at tax time. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Cash. Super.