Can I join? Past performance is not a reliable indicator of future performance. financial hardship, compassionate grounds, terminal medical condition, or total and. 16% to 0. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. 9% for the Lifecycle option's Balanced Pool, and 11. Learn more about our super Accumulation account with investment options that include Lifetime, Diversified, and Single Sector. 00pm AEST. Police account until age 55 or transfer it to a QSuper Accumulation account. An account-based pension has various names within the superannuation industry. Complete online Download. it to a QSuper Accumulation account. Quick, easy investment advice. The ATO says whatever you withdraw will be made up of the same proportion – you cannot choose to take from only one element. 00pm AEST. 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 your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. 1300 360 750. 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. 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. The first myth is that you can only withdraw from a pension account but not accumulation. 1. 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. If we already have your TFN, you do not need to give it to us again. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. 15% per annum. You’ll need to give us health and other information if you want to apply for cover above this limit. Withdraw your super; Seminars and education; Investments Hide. Keep your personal details up-to-date in Member Online and check your super balance today. Super and Retirement Planning Calculators Salary Sacrifice Calculator Insurance Needs Calculator Insurance Premium Estimator Super Co-contribution Calculator. For Accumulation account This document also forms part of the QSuper Product Disclosure Statement for Accumulation Account. Accumulation account Transition to Retirement Income account. 10%, from 0. If you have a Transition to Retirement Income account, you can't get more than 10% of your account balance each financial year. 2. Salary sacrifice; Super co-contribution. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. 100%. We’d love to hear from you. Make a Withdrawal from an Accumulation Account. Why retire with QSuper. 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. Past performance is not a reliable indicator of future performance. Retirement accounts. Orders that are placed for a term deposit before the cut off time (AEST 3. au) or with the Open an Accumulation Account form (qsuper. We calculate unit prices every. Super. 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. Hi Garry, thanks for your question. to another super fund, including an overseas . Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. Designed for people who are still working. Accumulation account insurance, if eligible. Personal assets. However, in most cases, your new employer can contribute to a QSuper Accumulation account for you. Retirement accounts . Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. Only Queensland Government employers (or related entities) can keep your Defined Benefit account open. Withdraw lump sums. Find the best retirement account to suit your lifestyle today. Transfer some or all of your Super Savings Accumulation account balance into your new Retirement Income account. You can access your super as: An income stream, by opening a QSuper Retirement Income account and/or a QSuper Lifetime Pension; A lump sum withdrawal, or ; A combination of both. Pension, you will also need to complete the Open an Income Account and/or Lifetime Pension form at the back. 15% contributions tax. • Withdraw your benefit as cash. Give this completed form to your new employer so they can contribute to your QSuper account. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through your QSuper Accumulation account when you make a lump sum withdrawal. Why you'll love it here. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Early withdrawal for disability or financial hardship. We’ve been named Fund Manager of the Year – Multisector at the 2023 Morningstar Australia Awards. Proving your identity; Withdraw your super; Seminars and education. 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. Other important information is contained in the Accumulation Account Guide and Investment Choice Guide, which also form part of the PDS. 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. So we provide a rebate if you pay more than $875 across your Accumulation and Income account/s. 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. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. Default option for members with an Accumulation account who have not made an investment choice. 26 March 2021 5 min read. Use our retirement products on their own or in a combination that suits your super. 16% to 0. 16% to 0. You must keep a minimum balance of $6,000 in an Accumulation account. USI (Unique superannuation identifier) QSuper accounts: 60905115063001. Here we explain what this means for QSuper members who have insurance cover with an Accumulation account. 00am to 6. withdrawal or transfer out of my QSuper Accumulation . I’d like to withdraw the following amount (net). • I understand that if I don’t already have an Accumulation account, one will be opened for me. Super. Income account and Lifetime Pension. Before completing this claim form, please read the Use this form to withdraw money from your QSuper Accumulation account and choose how to withdraw from your investment options. Language assistance. 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. 4. If you'd like to consolidate super from outside Australian. qld. Accumulation account (if applicable)? No, I don’t want to withdraw money. lump sum withdrawal. 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. X Option 1 – Withdraw part of my account in cash. Open a QSuper account. She retains the remainder in a balanced portfolio. Find out. 3. If you don’t have one yet, please apply first at qsuper. Q3. It's easy, and you have 5 options for how to make a voluntary contribution to your Accumulation account: Payroll: Contact your employer’s payroll office to see if they offer this service. You will need to keep a minimum of $10,000 in your . Over 10 years, it returned 8. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. Taking five simple actions today may help you feel more in control of your future. Transfer your cover from another insurer or super fund to your QSuper account. 1% for Income accounts. au Fax 1300 242 070 Website qsuper. Withdraw your super; Seminars and education. When you're ready, retire with QSuper. 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. Transfer Your Defined Benefit to an. Australian Retirement Trust is proud to take care of over $200 billion in retirement savings for more. 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. In the event the Trustee suspends unit prices on any or all. 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. 1300 360 750. Make a Withdrawal from an Accumulation Account. 15% per annum from 1 July 2022. Previous name. g. Withdraw your superLifetime Pension. a. 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. The government counts your Retirement Income account as a financial asset (although there are some exemptions). 16% to 0. Accumulation account claim form - QSuper - Queensland Government1. 1. 2. Get personal advice about your QSuper account at a time that suits you. This is the amount that is charged to a member’s account. Guides. Accumulation account (if applicable)? No, I don’t want to withdraw money. gov. Accumulation account Transition to Retirement Income account. This means after investment fees and costs, transaction costs, and investment taxes. View the detailed list of what this option invests in for Accumulation or Income accounts. Assumes no withdrawals, no switching and no insurance premiums. 2. More reasons to feel good. 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. $67. 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. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. View Focus 1 Dashboard. If you have a QSuper account with us, you'll still log in through the QSuper website. qld. 2. You need to provide your personal details, tax file number, bank details, and tax options for your payment. If you're age 60 or over, it's tax-free. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 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. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and. 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. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. The class action only relates to members who are a ‘Group Member’ as defined in the Statement of Claim, as follows: were members (Fund Members):of the QSuper superannuation fund (QSuper Fund); andwho on 17 May 2016 belonged to one of the accumulation categories defined by sections 22(1) and (2) of the Superannuation (State. 00am to 6. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. lump sum withdrawal. Accumulation Account Departing Temporary Resident Claim. 10-year annual return - Balanced option 3. This includes your personal contributions and interest paid before 1 July 1999. 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 Eddie is 62 years of age and would like to withdrawal $450,000 from his superannuation to buy a house. This minimum balance will . 1 (if we know you by another name) Date of birth (dd/mm/yyyy) / / Home phone number Mobile phone number Work phone number. Withdraw your super;. Explore ways to personalise your QSuper. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. 15% per annum. Your employer may also pay an extra contribution to your Accumulation. or 30% contributions tax if your income plus contributions is more than $250,000 per year. 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). Grow your super Salary sacrifice Super co-contribution Voluntary contributions. If we already have your TFN, you do not need to give it to us again. If you have multiple super funds and . Australian Retirement Trust Chief Economist Brian Parker recaps our strong long-term investment performance despite short-term volatility. Why QSuper? A focus on long-term performance. How to withdraw money from Qsuper? Money withdrawals are allowed. Who is the. The graph shown above is based on unit prices, which are net of fees and taxes. Proof of identity. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. 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. 00pm AEST. g. 06 March 2023 3 min read. Clarify the target market for a QSuper product (refer to our TMDs) and assess the suitability of a QSuper product for your client. Manage your Income account. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. 15-year platinum. He has a superannuation accumulation balance of $1,250,000. tell us the account(s) you want to split contributions from. Why QSuper? A focus on long-term performance. Try it now. It's easy to check how much insurance you have and make any changes, in Member Online. 210 means 21% of your final salary. Make a Withdrawal from an Accumulation Account. 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. Use this form to withdraw money from your QSuper Accumulation account and choose how to withdraw from your investment options. The QSuper Balanced Accumulation option returned 2. 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. Eligibility conditions apply. Mon-Fri 8. Insurance cover can help you and your family feel prepared and protected. For disability payouts, it depends whether you take a lump sum or income payments. 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. qld. Defined Benefit Account Guide (including Deferred. These figures have been rounded for member reporting. Or call us on on 1300 360 750 and we’ll send you a copy. Please refer to the QSuper Investment Guide (pdf) for. 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. 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. 7. Award-winning Money magazine’s Best Retirement Innovator 2023 2. Online Advice1 – Log in to Member Online for our online advice service about your super. QSuper Accumulation account when you make a lump sum withdrawal. More than half (3 in 5) of Australians aged over 65 currently rely solely on. Accumulation account; Transition to Retirement Income account; Retirement Income account. 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. 16% to 0. Use this form if you're at your preservation age and want to withdraw some super. 00pm AEST. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. If you have more than one Accumulation account, please . Alex puts the $200,000 into super as a non-concessional (after-tax) contribution, using the bring-forward rules to. More reasons to feel good. For more information on eligibility to claim a tax deduction, please refer to How to Claim or Vary a Tax Deduction for Contributions factsheet. fund), you may be able to claim a tax deduction on the contributions that remain in your QSuper Accumulation. This is the amount that is charged to a. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. Accumulation account Transition to Retirement Income account. Join QSuper. Mon-Fri 8. If that’s you, it’s easy to apply online now. You will need to keep a minimum of $10,000 in your . The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings). 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. Check your account balance. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. Refer to the Financial Services Guide (pdf) for more information. under age 55 and have resigned and choose to transfer your State or Police account to your QSuper Accumulation account, your benefit is preserved, which means you can’t withdraw any of it as cash until you retire. 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. There are also tax advantages to super, making it one of the most tax-effective ways. Our performance. A super withdrawal due to financial hardship is paid and taxed as. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Download . More reasons to feel good. Proving your identity; Withdraw your super; Seminars and education. Combined with other measures aimed at boosting the economy, the near-zero rate has dramatically changed expectations for cash returns. 16% to 0. 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. Read our Defined Benefit Guide (pdf) 1. Transition to Retirement Income account;. 15% per annum from 1 July 2022. When you're ready, retire with QSuper. 75% contribution replacement benefit. Super. This includes a 12. 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. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. 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. 2. 22% p. Manage your Income account. Other details. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Just choose your enquiry type, and type your message and personal details below. Income account holders can either make a binding death benefit. Make sure you consider the information below before making a choice. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. If you have a Defined Benefit account and are under age 55, your beneficiaries will be paid your projected benefit to age 55. If you have more than one Accumulation account, please . financial hardship, compassionate grounds, terminal medical condition, or total and. If you're eligible, it only takes 10 minutes to apply online and. 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. 1. Understand the detail and the choices you can make. tell us the account(s) you want to split contributions from. Award-winning Money magazine’s Best Retirement Innovator 2023 2. This balance consists of $350,000 of tax-free components and. View all. (Any tax payable will be deducted from this amount. When you're ready, retire with. If you end an employment arrangement on or after age 60, you can also access the super you've earned up until then. We're honoured to have received SuperRatings ' 15-year Platinum rating. Super. Whether it's for the sake of your health, carer responsibilities, or other reasons, starting your retirement. Members can still enjoy the products and services they know and trust. This is the amount. Each of our options has a different objective, risk profile, and asset allocation. 1. Option 1 – Claim through QSuper. Language assistance. 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. qld. 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. financial hardship, compassionate grounds, terminal medical condition, or total and. Annual reports. Accumulation account Transition to Retirement Income account. Income for life. Generally, you need to wait until after the financial year ends to apply (unless you're leaving your. 3. 19 January 2023 Brian Parker 6 min read. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. 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. Super. Last name. QSuper Accumulation account when you make a lump sum withdrawal. This means after investment fees and costs, transaction costs, and investment taxes. Member Online makes it easy to keep track of your QSuper account. 1. This minimum balance will . g. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. Mon-Fri 8. 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 want to open a Transition to Retirement Income account, Retirement Income account, and/or purchase a Lifetime . Withdraw your superNumber of units x Daily unit price = Value of your super. The increase brings minimum drawdown rates back to their usual pre. 1. Retirement accounts . If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online. The Police account closed to new members on 1 January 1993. . Over 10 years, it returned 8. Default option for members with an Accumulation account who have not made an investment choice. 8am–6pm AEST. 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 Police account closed to new members on 1 January 1993. Award-winning. More reasons to feel good. Or call us on on 1300 360 750 and we’ll send you a copy. Super. Log in. 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. au Application to Cancel Insurance. If you don’t have one, we may refer you to an accredited external financial adviser. Award-winning. Why QSuper? A focus on long-term performance. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. g. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourNews Superannuation. Accumulation account; Transition to Retirement Income account; Retirement Income account. qld. In Member Online, go to Account history & statements, then Yearly transaction summary. Use this form if you're at your preservation age and want to withdraw some super. Open a QSuper account. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. Defined Benefit Account Guide (including. 48 million in super as follows: If you did not trigger a bring-forward arrangement in either 2019-20 or 2020-21 and your total super balance is less than $1. We strive to help each of our. 3 Increase your account balance or make a contribution. Otherwise, you can withdraw all your funds and close your accounts. With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. You must maintain at least $500 in your transaction account at all times. 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. 2. Why QSuper? A focus on long-term performance. Then set up regular payments to your bank account. Product Disclosure Statement for Accumulation Account at qsuper. They don't have to wait until age 25 and over. The graph shown above is based on unit prices, which are net of fees and taxes.