00am to 6. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. 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. qld. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. 0. Withdraw your super; Seminars and education;. 15% contributions tax. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourEddie is 62 years of age and would like to withdrawal $450,000 from his superannuation to buy a house. Log in. Accumulation account and Income account As Accumulation and Income accounts are unit-based, we multiply the number of units in the account by the unit price applicable on the valuation date you nominate. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. gov. 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. Accumulation account (if applicable)? No, I don’t want to withdraw money. lump sum withdrawal. If you have more than one Accumulation account, please . 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. Option 1 – Claim through QSuper. I’d like to withdraw the following amount (net). Would you like to make a withdrawal from your . QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. An account-based pension turns your super into an income stream by enabling you to take your super as regular payments when you retire or reach your preservation age, which is the age at which you can access your super. It's a type of account-based pension or retirement income stream specifically for people under 65 years old. Withdraw your super; Seminars and education;. APRA reports the average balance of a person aged between 60-64 years old as $183,313 as at 30 June 2020, in the Annual Superannuation Bulletin issued 29 January 2021. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. These figures have been rounded for member reporting. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. Access via Member Online. Home owner. Accumulation account Transition to Retirement Income account. ) OR I want to withdraw all of my benefit. If you do want to switch investments, it's easiest and quickest to do this online. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. Open an Accumulation Account. Transfer the following amounts to an Income account: $ OR % of my Accumulation account (you must leave a minimum of $10,000. Deposit and contribution forms. Why retire with QSuper. If your super balance is more than $5,000, you will . Your QSuper Retirement Income account is considered to be a financial asset. View Focus 1 Dashboard. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. X Option 1 – Withdraw part of my account in cash. If you're eligible, it only takes 10 minutes to apply online and. Mon-Fri 8. Complete online Download . 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. Accumulation account Transition to Retirement Income account. Manage your Income account. If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online. Awards are only one factor to be taken into account when deciding to invest. This option could experience negative returns over the short term. For more information on eligibility to claim a tax deduction, please refer to How to Claim or Vary a Tax Deduction for Contributions factsheet. Refer to the Financial Services Guide (pdf) for more information. 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. QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. 10-year annual return - Balanced option 3. 2. It aimed to help retirees through market uncertainty. 1300 360 750. The reduction ends on 30 June 2023. Manage your Income account. Monday to Friday. au You also want an ePaper? Increase the reach of. Why QSuper? A focus on long-term performance. Accumulation account and Income account As Accumulation and Income accounts are unit-based, we multiply the number of units in the account by the unit price applicable on the valuation date you nominate. 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. 00pm AEST. More reasons to feel good. Take a lump sum You can receive the full amount at. You can access your super, without restrictions, even if you're still working. Mon-Fri 8. 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. 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. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. As a fund that works for members, not shareholders, we work in members’ best interests, and are. View our forms for claims, withdrawals, and transfers out. 2. 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. Investment earnings (returns) are generally tax-free for Retirement Income accounts, 1 and taxed at up to 15% for Transition to Retirement Income accounts. Why you'll love it here. You generally need to be retired or 65 years old to open our Income account. 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. 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. 16% to 0. Withdraw your super; Seminars and education;See the Sunsuper and QSuper merger guide for details. 1. Why QSuper? A focus on long-term performance. They don't have to wait until age 25 and over. This is the amount that is charged to a. Super. Award-winning Money magazine’s Best Retirement Innovator 2023 2. This minimum balance will apply unless you are withdrawing. 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. Monday to Friday. Income account holders can either make a binding death benefit nomination or. QSuper Accumulation account when you make a lump sum withdrawal. 2. Withdraw your super; Seminars and education. Please refer to the QSuper Investment Guide (pdf) for. 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. Use this for making payments or transferring money into QSuper accounts (except if you're an employer with QSuper as your default super product). or you can also use up to 3 years of cap ($330,000) under bring-forward rules, if your total super balance was less than $1. Download. They don't have to wait until age 25 and over. Follow the link below to find out more. Accumulation account; Transition to Retirement Income account; Retirement Income account. You need to have been a member with us for at least 12 months. This means after investment fees and costs, transaction costs, and investment taxes. You can check the asset allocation for each by selecting the account type. qld. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. 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. More reasons to feel good. Make a Withdrawal from an Accumulation Account. 2. Withdraw your superIf you are withdrawing your total Accumulation account balance, and would like to keep your QSuper Accumulation account open, you can choose to keep a balance of $100. I want to keep $100 in my Accumulation account. Language assistance. 2. The Police account closed to new members on 1 January 1993. We design all our cover to help provide you with security and peace of mind. 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. 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. 15% per annum. a. 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. QSuper is part of Australian Retirement Trust (ART). 2. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 15% per annum. g. Designed for people who are still working. When you're ready, retire with QSuper. If you are 60Make a Withdrawal from an Accumulation Account. Withdraw your super; Seminars and education. Online Advice1 – Log in to Member Online for our online advice service about your super. I have an existing QSuper Accumulation account. Please refer to the QSuper. 26 March 2021 5 min read. qld. 2. Statement for Income Account and Lifetime Pension for more information. Find out more about your insurance and COVID-19. And we're always working on new products and services, like our award-winning Lifetime Pension,. Defined Benefit Account Guide (including. 4. Change how your super is invested, by switching investment options in your Accumulation account. Keep your personal details up-to-date in Member Online and check your super balance today. Grow your super. 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. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. QSuper account holders are now. A multiple of 0. 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. You will need to keep a minimum of $10,000 in your . Fill in your retiring employee's last day on this form if they want to withdraw money from their Accumulation account. 210 means 21% of your final salary. Phone 1300 360 750. 00am to 6. Phone 1300 360 750. 210 means 21% of your final salary. Accumulation account Transition to Retirement Income 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. Super you can trust. Spouse Deposit. 00am to 6. Start making voluntary contributions to your super from your. 16% to 0. Withdraw your super; Seminars and education. Make a withdrawal. Jul 10, 2018 Making a superannuation withdrawal from an accumulation account can be done by anyone who has met a full superannuation condition of release. So your balance will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. 26 March 2021 5 min read. 4. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. It must be read in conjunction with Part A of this PDS. $67. Salary sacrifice; Super co-contribution. I’d like to withdraw the following amount (net). Use this form if you're at your preservation age and want to withdraw some super. The ATO says whatever you withdraw will be made up of the same proportion – you cannot choose to take from only one element. It is distributed by Centrelink and was designed as a 'safety net' for retirees who do not have enough financial resources (such as super) to help fund their retirement. Non-concessional (after-tax) personal/voluntary contributions. financial hardship, compassionate grounds, terminal medical condition, or total and. Mon-Fri 8. Our app is designed for members with a QSuper account. gov. 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 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. Amount you intend to claimFrom 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Our app is designed for members with a QSuper account. 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. Keep your personal details up-to-date in Member Online and check your super balance today. Insurance premiums for QSuper Accumulation accounts changed on 1 July 2023. lump sum withdrawal. 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. Up to the automatic acceptance limit. Mon-Fri 8. 100%. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and. Use this form if you're at your preservation age and want to withdraw some super. Assets. With advice available online and over the phone, it's only a call or a few clicks away. Please refer to the QSuper Investment Guide (pdf) for detailed information. financial hardship, compassionate grounds, terminal medical condition, or total and. QSuper Accumulation account when you make a lump sum withdrawal. 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 total approximate opening balance of my new Income account. This is the amount that is charged to a member’s account. want to claim a tax deduction for personal contributions made to another fund, please contact them directly. Self Invest is closing to new investors. Previous name. Who is the. 00am to 6. 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. Super. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. These figures have been rounded for member reporting. This minimum balance will . Investment forms. In the Accumulation account, you can (if eligible): •. The Chant West data is based on information provided by third parties that is believed to be accurate at 30 June 2019. 3. Other publications. Currently Yumiko has 10% of her super pension invested in cash for short-term needs. 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. Your TFN. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. Proof of identity. 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. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. Explore ways to personalise your QSuper Income account to suit your needs. When you make a claim, we'll ask you to provide information about your condition and occupation to help us assess your claim. 1. 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. Get personal advice about your QSuper account at a time that suits you. Mon-Fri 8. Contributing spouse’s account to withdraw 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. a. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. Last name. This minimum balance will apply unless you are withdrawing all of your funds and closing your account. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. These definitions can be found in the QSuper Insurance Guide (pdf). Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. The government counts your Retirement Income account as a financial asset (although there are some exemptions). 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 your super balance is more than $5,000, you will . Awards are only one factor to be taken into account when deciding to invest. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. Our QSuper Accumulation account is designed for Queensland Government employees (including future and former employees), current members, and other people who can open a QSuper account. 1. Why retire with QSuper. You can check the asset allocation for each by selecting the account type. 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. Insurance cover can help you and your family feel prepared and protected. qld. You must keep a minimum balance of $6,000 in an Accumulation account. • Have a superannuation balance of at least $30,000 at commencement. 1. Why QSuper? A focus on long-term performance. Super. Withdraw your superNumber of units x Daily unit price = Value of your super. Keep your personal details up-to-date in Member Online and check your super balance today. This includes your personal contributions and interest paid before 1 July 1999. Centrelink's income and assets tests for the Age Pension treat an Income account and a Lifetime Pension differently. 1. lump sum withdrawal. 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. 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. Early withdrawal for disability or financial hardship. An account-based pension has various names within the superannuation industry. financial hardship, compassionate grounds, terminal medical condition, or total and. • For QSuper Transition to Retirement (TTR) Income accounts, you can only restart your account once in a financial year. The Police account closed to new members on 1 January 1993. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. Choose your payment amount and frequency. Why QSuper? A focus on long-term performance. If that’s you, it’s easy to apply online now. Register now. Download the QSuper Insurance Guide (pdf) for details. Simply log in to Member Online or download the QSuper app, to. EXAMPLE — QSuper Accumulation account (Lifetime Outlook) BALANCE OF $50,000. 2. qsuper. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. Our award-winning Retirement Income account is an account-based pension that turns your super into income payments and offers several tax benefits. qld. Use our calculators to plan your retirement, find out how to grow your super, and understand your insurance needs. More reasons to feel good. 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. Form: For a once-off contribution, send us a Deposit form (pdf) with a cheque or money order. Withdraw your super; Seminars and education. Otherwise, you can withdraw all your funds and close your accounts. 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. Why QSuper? A focus on long-term performance. Application to Transfer My Insurance to QSuper. 16% to 0. That. 75% contribution replacement benefit. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. 4% p. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. Accumulation. Eligibility for the super co‑contribution 2023‑24. Accumulation account; Transition to Retirement Income account; Retirement Income account. 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. Just as you may keep track of your bank accounts, you can also keep track of your super account. • Have a superannuation balance of at least $30,000 at commencement. Hear insights from QSuper’s panel discussion about the forces that may influence investment and risk in a post-pandemic world. Start or Change Regular Contributions to Your Super. Then you can return. The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings). 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. More reasons to feel good. Complete online Download. Police account until age 55 or transfer it to a QSuper Accumulation account. There are a number of reasons why you may decide to wind up your self-managed super fund (SMSF) and transfer your money to QSuper. Access your super . paid in Retirement Bonuses. Your age How much super you can withdraw Eligibility notes; Under 65: $1,000 - $10,000 before tax. Proving your identity; Withdraw your super; Seminars and education. Check if you're eligible below. Introduction<br /> What is superannuation<br /> Superannuation is a long-term investment for your<br /> future retirement lifestyle. Do not complete this form if you want to:4. 6. • Have a superannuation balance of at least $30,000 at commencement. Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or The quickest way to claim is directly through the Australian. tell us the account(s) you want to split contributions from. 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. View the detailed list of what this option invests in for Accumulation or Income accounts. Assets test. 16% to 0. 07m. QSuper Accumulation account when you make a lump sum withdrawal. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. 15% per annum from 1 July 2022. You can learn more about make super payments here. Grow your super. 10-year annual return - Balanced option 3. 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. QSuper accounts (participating employer): 60905115063002. Download . Default option for members with an Accumulation account who have not made an investment choice. 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. au) or with the Open an Accumulation Account form (qsuper. gov. 2. 0. Proof of identity. This document is Part B of the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (PDS). The Reserve Bank of Australia (RBA) recently cut its official cash rate to a record low of 0. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Can I join? Past performance is not a reliable indicator of future performance. 60 to 64. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. How those changes might impact you depends on your age, cover amount and employment details (including occupational rating). Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. 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. Option 2: Rollover to another fund (select an option 3) Maximum amount. Mon-Fri 8. 1. Mon-Fri 8. Award-winning. 8am–6pm AEST. The cost of product assumes a balance of $50,000 at the beginning of the year, and is based on fees and costs for the year ended 30 June 2023. 9% for the Lifecycle option's Balanced Pool, and 11. Or call us on on 1300 360 750 and we’ll send you a copy. 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.