QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. 3. This includes a 12. More reasons to feel good. An account-based pension has various names within the superannuation industry. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. Follow the link below to find out more. Once opened, we will pay your insurance benefit into this. Accumulation account; Transition to Retirement Income account; Retirement Income account. 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. Download. • I understand that if I don’t already have an Accumulation account, one will be opened for me. Accumulation account Transition to Retirement Income account. 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. Ranges. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. Mon-Fri 8. Before completing this claim form, please read theQSuper Accumulation account when you make a lump sum withdrawal. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. Mon-Fri 8. Accumulation account insurance, if eligible. Award-winning. • For QSuper Transition to Retirement (TTR) Income accounts, you can only restart your account once in a financial year. More reasons to feel good. Contribute to your spouse's super. Withdraw your superFor QSuper account holders, this means that from 1 July 2022, the administration fees that you pay from any of your QSuper Accumulation account (s) and Income account (s), and those deducted from the QSuper Lifetime Pension pool, will be reduced from 0. Contributing spouse’s account to withdraw from. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. . 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. Defined Benefit Account Guide (including. Withdraw your super; Seminars and education. au) or with the Open an Accumulation Account form. 15% per annum. Super. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. View Focus 1 Dashboard. 00am to 6. 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. Fund Details from 1 July 2022. 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. The graph shown above is based on unit prices, which are net of fees and taxes. QSuper Accumulation account when you make a lump sum withdrawal. 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. 8am–6pm AEST. 00am to 6. This includes your personal contributions and interest paid before 1 July 1999. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. You can access your super, without restrictions, even if you're still working. The graph shown above is based on unit prices, which are net of fees and taxes. The first myth is that you can only withdraw from a pension account but not accumulation. Longer-term returns remain strong,. This account provides tax-free investment earnings,. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. Early withdrawal for disability or financial hardship. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. We're here to help you feel confident about your super. 2. Use this form if you're at your preservation age and want to withdraw some super. Find out. More reasons to feel good. Explore ways to personalise your QSuper. 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. 15% per annum from 1 July 2022. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. Withdraw your superHow an account-based pension works. 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. Award-winning. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. 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. Otherwise, you can withdraw all your funds and close your accounts. Mon-Fri 8. 16% to 0. Make a Withdrawal from an Accumulation Account. 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. Set a budget. QSuper Defined Benefit members aged between 60-64 years old have an average QSuper total balance of $544,187 as at 30 June 2020. Mon-Fri 8. qld. You need to provide your personal details, tax file number, bank details, and tax options for your payment. g. 26 March 2021 5 min read. 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. 2. If you have a Transition to Retirement Income account, you can't get more than 10% of your account balance each financial year. Australian Retirement Trust is the super fund formed through the merger of QSuper and Sunsuper. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. They don't have to wait until age 25 and over. Eligibility conditions apply. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. QSuper Accumulation account when you make a lump sum withdrawal. financial hardship, compassionate grounds, terminal medical condition, or total and. 59pm) can be processed as early as the next working day. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. a. One in three QSuper members will make an insurance claim in their lifetime 1, so we work hard to keep our insurance cover affordable and accessible. Simply log in to Member Online or download the QSuper app, to. qld. Use this form if you're at your preservation age and want to withdraw some super. Accumulation account; Transition to Retirement Income account; Retirement Income account. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund, including an SMSF. You’ll need to give us health and other information if you want to apply for cover above this limit. Withdrawing some or all of your super is called a lump sum. Online Advice1 – Log in to Member Online for our online advice service about your super. This includes your personal contributions and interest paid before 1 July 1999. I have an existing QSuper Accumulation account. Get personal advice about your QSuper account at a time that suits you. 07m. 100%. Use this form if you want to make a one-of voluntary contribution to your QSuper Accumulation account via EFTPOS, cheque, or money order. QSuper accounts (participating employer): 60905115063002. Give this completed form to your new employer so they can contribute to your QSuper account. Residential addressWould you like to make a withdrawal from your . QSuper and Sunsuper have officially merged to create one of Australia’s largest. Withdraw your super; Seminars and education;See the Sunsuper and QSuper merger guide for details. You may be able to increase your Age Pension payments (if eligible) by using some of your super to purchase a Lifetime Pension , because of how it is treated in. International +61 7 3239 1004. $110,000 per year. Accumulation account; Transition to Retirement Income account; Retirement Income account. 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. You generally need to be retired or 65 years old to open our Income account. This means after investment fees and costs, transaction costs, and investment taxes. gov. This document is Part B of the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (PDS). Use this form if you're at your preservation age and want to withdraw some super. 4. 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. 00am to 6. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. 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. Manage your Income account. This is because the accounts are bundled together under. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). accounts in your name so that you receive all your super benefits when you retire. The QSuper returns are being compared to the medium result each year for. Proof of identity. Make a withdrawal. Withdraw your super; Seminars and education. 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. Transition to Retirement Income account;. 1. This means after investment fees and costs, transaction costs, and investment taxes. View Focus 1 Dashboard. More reasons to feel good. 15% per annum. The maximum is $5 million. Want to change how your super funds are invested in your Accumulation or Income account? Access the forms and information you need here. au/forms. However, in most cases, your new employer can contribute to a QSuper Accumulation account for you. 2. Change payment frequency and amount. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. Accumulation account Transition to Retirement Income account. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. QSuper account if: • You are eligible and would like to make a lump sum withdrawal • You are opening an Income account and want to keep some money in an Accumulation account. gov. 75% of your insured salary which includes a contribution replacement benefit of 12. For more information on eligibility to claim a tax deduction, please refer to How to Claim or Vary a Tax Deduction for Contributions factsheet. Can I join? Past performance is not a reliable indicator of future performance. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. 210 means 21% of your final salary. Use this form to withdraw money from your QSuper Accumulation account and choose how to withdraw from your investment options. Your Police account remains open until you are no longer employed as a Police officer, or you decide to transfer to another type of QSuper account. Transfer Your Defined Benefit to an. Consider the TMD parameters when recommending QSuper products. QSuper Accumulation account when you make a lump sum withdrawal. The default cover you get automatically depends on your age, employment arrangements, and account balance. There are also tax advantages to super, making it one of the most tax-effective ways. Up to the automatic acceptance limit. She retains the remainder in a balanced portfolio. Use this form to cancel the income protection, TPD, or death cover you hold through an 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. Lifetime Pension Retirement Income account Enjoy retirement with regular income payments. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Non-concessional (after-tax) personal/voluntary contributions. (Any tax payable will be deducted from this amount. This is an extra payment on top of the superannuation guarantee contribution your employer has to make. • Have a superannuation balance of at least $30,000 at commencement. Find the best retirement account to suit your lifestyle today. 15% contributions tax. • 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. 3 This is irrespective of the actual level of payments that you are. au/PDS or call us on 1300 360 750 to request a copy. If you’ve reached. If you have. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. Accumulation account Transition to Retirement Income account. Log in. gov. Eligibility for the super co‑contribution 2023‑24. Accumulation account claim form - QSuper - Queensland Government. Withdraw your super; Seminars and education. QSuper account holders are now. 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. With the ability to make withdrawals when you need to, it gives you the flexibility and confidence to enjoy the life you want after work. Open a QSuper account. Find out more. • 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. 31,545. The Police account closed to new members on 1 January 1993. Minimum superannuation drawdown rates. 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. This minimum balance will . However, if you prefer, you can fill in and send us a QSuper investment switch form. 00pm AEST. Accumulation account claim form - QSuper - Queensland Government. If you’re applying under eligibility rule 1, you can withdraw between a minimum of $1,000 and a maximum $10,000 over a 12-month period. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. Other important information is contained in the Accumulation Account Guide and Investment Choice Guide, which also form part of the PDS. lump sum withdrawal. Simply log in to Member Online or download the QSuper app, to. Income account and Lifetime Pension. 15% per annum. 2. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. The money needs to come from: Your Accumulation account, Your Transition to Retirement Income account, or; A superannuation death benefit. Past performance is not a reliable indicator of future performance. The Police account closed to new members on 1 January 1993. Online Advice1 – Log in to Member Online for our online advice service about your super. 1. This option could experience negative returns over the short term. Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or The quickest way to claim is directly through the Australian. You can access your super as long as you've permanently retired. You can access your super as long as you've permanently retired. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. Maximum superannuation drawdown rates. 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. 1. Voluntary contributions are projected as part of the Accumulation account. Transfer Your Defined Benefit to an. You can check whether you currently have death cover in Member Online. Why retire with QSuper. Mon-Fri 8. 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. Refer to the Financial Services Guide (pdf) for more information. As a fund that works for members, not shareholders, we work in members’ best interests, and are. Explore your options for retirement income with our Retirement Calculator. au Application to Cancel Insurance. Withdraw some or all of your balance when you need it. Taking five simple actions today may help you feel more in control of your future. gov. We'll refund to you any amount already charged above the cap. Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. 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. 10%, from 0. accounts in your name so that you receive all your super benefits when you retire. 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. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension; Why QSuper? A focus on long-term performance. Withdraw your super; Seminars and education; Investments Hide. While term deposits generally can't be broken, you may be granted access to withdraw or transfer your super due to special circumstances. qld. 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. 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. Retirement accounts. Make a withdrawal. 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. qld. 1300 360 750. Super. 2. Australian Retirement Trust was formed through the merger of QSuper and Sunsuper on 28 February 2022. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. Withdraw your superEmail [email protected] Projection Calculator. 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. 1. I’d like to withdraw the following amount (net). Option 1 – Claim through QSuper. Access via Member Online. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. 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,. Transfer the following amounts to an Income account: $ OR % of my Accumulation account (you must leave a minimum of $10,000. If your super balance is more than $5,000, you will . Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 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. Withdraw your super; Seminars and education;. Download . Accumulation account Transition to Retirement Income account. Depending on your age, your withdrawals and payments may be taxed. Annual reports. USI (Unique superannuation identifier) QSuper accounts: 60905115063001. Your employer may also pay an extra contribution to your Accumulation. Contributing spouse’s account to withdraw from. More reasons to feel good. financial hardship, compassionate grounds, terminal medical condition, or total and. You must: Have received eligible government income support payments for 26 weeks in a row and are still receiving these payments when you apply; Show you are unable to pay reasonable and immediate family living costs, such as utility bills, groceries, or rentAustralian Retirement Trust is the super fund formed through the merger of QSuper and Sunsuper. Start or Change Regular Contributions to Your Super. 2. 1. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. The government counts your Retirement Income account as a financial asset (although there are some exemptions). a. 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. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. When you're ready, retire with. 00pm AEST. fund), you may be able to claim a tax deduction on the contributions that remain in your QSuper Accumulation. 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. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. 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. 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. Currently Yumiko has 10% of her super pension invested in cash for short-term needs. Find out more about your insurance and COVID-19. paid in Retirement Bonuses. Just as you may keep track of your bank accounts, you can also keep track of your super account. If you'd like to consolidate super from outside Australian. Use this form if you're at your preservation age and want to withdraw some super. 60 to 64. Tax and super. You must keep a minimum balance of $6,000 in an Accumulation account. Make a Withdrawal from an Accumulation Account. Make a Withdrawal from an Accumulation Account. 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. This minimum balance will . qld. 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. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. More reasons to feel good. Withdraw your super. This balance consists of $350,000 of tax-free components and. We're honoured to have received SuperRatings ' 15-year Platinum rating. Clarify the target market for a QSuper product (refer to our TMDs) and assess the suitability of a QSuper product for your client. 100%. More reasons to feel good. 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. Applications from outside1. Complete online Download. To do this, complete a Restart an Income account form (pdf). Find out more. Australian Retirement Trust is proud to take care of over $200 billion in retirement savings for more. If you have a Defined Benefit or Income account, please refer to the relevant FAQs below. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Accumulation account Transition to Retirement Income account. If that’s you, it’s easy to apply online now. Calculators. A multiple of 0. This balance consists of $350,000 of tax-free components and $900,000 of. 75% of insured salary into your QSuper account. qld. 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. 1300 360 750. 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. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. • My Accumulation account becomes inactive by not having money added in the last 13 months, and/or • My Accumulation account balance is below $6,000, and/or. You will need to keep a minimum of $10,000 in your . In the event the Trustee suspends unit prices on any or all. 4% p. Mon-Fri 8. For disability payouts, it depends whether you take a lump sum or income payments. QSuper is part of Australian Retirement Trust (ART). QSuper Accumulation account when you make a lump sum withdrawal. Super. 1. 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). au Title First name. We're awarded for providing value for our members, from your working life through to enjoying retirement. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. You can check the asset allocation for each by selecting the account type. Withdraw your super; Seminars and education; Investments Hide. The increase brings minimum drawdown rates back to their usual pre. 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. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. 00pm AEST. Our app is designed for members with a QSuper account. If you're under 60, it depends if you're at your preservation age how much tax. 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. 77% over the year to December 2022. 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. Download . Explore ways to personalise your QSuper Income account to suit your needs. 16% to 0. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. a. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs.